Overview
- Marriott reported third-quarter adjusted EPS of $2.47 on revenue of $6.489 billion, topping consensus estimates.
- The company lifted and narrowed its 2025 adjusted EPS forecast to $9.98–$10.06 and projected fourth-quarter EPS of $2.54–$2.62, below the Street view.
- Luxury brands led performance with luxury RevPAR up 4% as worldwide RevPAR rose 0.5%, including a 2.6% gain internationally and a 0.4% decline in the U.S. and Canada.
- Select-service and budget properties lagged, which the company linked to reduced U.S. government travel, while base management and franchise fees rose to $1.190 billion on room growth and higher co‑branded card fees.
- Marriott added about 17,900 net rooms and reported a record development pipeline of roughly 3,900 properties with over 596,000 rooms; it still targets about $4.0 billion in 2025 shareholder returns as shares rose roughly 3% on the results.