NASDAQ$MAR
Marriott International Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported an increase in RevPAR and reinstated quarterly cash dividend.
Marriott International reported a strong first quarter in 2022 with significant increases in RevPAR worldwide and in the U.S. & Canada. The company's net income increased substantially compared to the previous year, and adjusted EBITDA also saw a significant rise. Marriott reinstated its quarterly cash dividend and anticipates resuming share repurchases.
- First quarter 2022 comparable systemwide constant dollar RevPAR increased 96.5 percent worldwide compared to the 2021 first quarter.
- Reported diluted EPS totaled $1.14, compared to reported diluted loss per share of $0.03 in the year-ago quarter.
- Adjusted EBITDA totaled $759 million in the 2022 first quarter, compared to first quarter 2021 adjusted EBITDA of $296 million.
- Marriott resumes cash dividends, with the Board of Directors declaring a $0.30 per share dividend payable on June 30, 2022.
Headline financials
Revenue & EPS history
Marriott · Revenue · Quarterly
$4.2B
Revenue by segment
Marriott · $1.14B total across 3 segments · Q1 2022
- Franchise and Base Management Fees$713M+73.1%62.5%
- Owned, Leased, and Other Revenue, Net$326M+1307.4%28.6%
- Incentive Management Fees$102M+209.1%8.9%
Forward guidance
Marriott expects leisure travel to remain strong, business travel to accelerate and cross border travel to gain momentum, supporting solid ADR performance. RevPAR in the U.S. & Canada for the remaining quarters of this year is expected to be roughly flat with 2019 levels. The company still expects gross rooms growth approaching 5 percent and deletions of 1 to 1.5 percent, resulting in anticipated net rooms growth of 3.5 to 4 percent. Assuming the demand environment continues to improve and that we are within our target leverage ratio range, we also would expect to resume share repurchases in 2022.
Tailwinds
- Leisure travel to remain strong
- Business travel to accelerate
- Cross border travel to gain momentum
- Solid ADR performance
- Gross rooms growth approaching 5 percent
Headwinds
- No major change in the global economic environment
- No major change in the behavior of the virus
- More volatility in international regions
- Deletions of 1 to 1.5 percent
- Net rooms growth of 3.5 to 4 percent
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.1%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.8%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+17.2%
Q3 2020
Best reaction
-9.0%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -1.8% | +10.9% | |
| Q4 2025 | +8.5% | +6.8% | -4.5% | |
| Q3 2025 | +3.1% | +10.3% | +12.2% | |
| Q2 2025 | +0.2% | +0.3% | +3.8% | |
| Q1 2025 | +2.0% | +4.3% | +5.1% | |
| Q4 2024 | -5.4% | -6.9% | -22.1% | |
| Q3 2024 | -0.3% | +7.8% | +11.2% | |
| Q2 2024 | -8.4% | -11.5% | -1.7% | |
| Q1 2024 | -0.2% | +0.3% | -2.1% | |
| Q4 2023 | -5.4% | -2.9% | -0.3% | |
| Q3 2023 | +1.3% | +3.0% | +10.8% | |
| Q2 2023 | +0.8% | +0.6% | +0.8% | |
| Q1 2023 | +4.9% | +3.8% | +0.6% | |
| Q4 2022 | +3.6% | -1.1% | -7.6% | |
| Q3 2022 | -2.6% | -1.6% | +8.3% | |
| Q2 2022 | -0.1% | -1.6% | -3.5% | |
| Q1 2022 | +2.7% | -5.3% | +0.9% | |
| Q4 2021 | +7.0% | +2.1% | -0.1% | |
| Q3 2021 | +2.5% | +5.2% | -6.3% | |
| Q2 2021 | -4.8% | -2.3% | -6.5% | |
| Q1 2021 | -3.4% | -2.3% | -2.0% | |
| Q4 2020 | +3.8% | +13.9% | +15.9% | |
| Q3 2020 | +17.2% | +15.3% | +34.4% | |
| Q2 2020 | +3.4% | +2.4% | +8.8% | |
| Q1 2020 | -9.0% | -8.5% | +17.7% | |
| Q4 2019 | -3.6% | -0.9% | -36.5% | |
| Q3 2019 | +4.4% | +4.0% | +8.7% | |
| Q2 2019 | -5.5% | -2.6% | -7.6% | |
| Q1 2019 | -7.0% | -2.7% | -2.2% | |
| Q4 2018 | -2.0% | -1.3% | -1.4% | |
| Q3 2018 | -5.3% | -3.2% | -6.1% | |
| Q2 2018 | -2.9% | -6.3% | -2.5% | |
| Q1 2018 | +0.9% | +2.3% | +2.0% | |
| Q4 2017 | +0.5% | -1.5% | +0.3% | |
| Q3 2017 | -1.6% | -1.5% | +4.8% | |
| Q2 2017 | -1.0% | -5.4% | -3.1% | |
| Q1 2017 | +5.6% | +5.6% | +8.3% | |
| Q4 2016 | +1.8% | +1.7% | +0.5% | |
| Q3 2016 | +4.9% | +5.4% | +20.6% | |
| Q2 2016 | -0.2% | -0.7% | +1.6% | |
| Q1 2016 | +3.3% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | -1.3% | — | — | |
| Q2 2015 | -2.6% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q3 2014 | +5.4% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | +3.5% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | -3.7% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | -6.8% | — | — | |
| Q1 2012 | -1.8% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +2.9% | — | — | |
| Q2 2011 | -1.3% | — | — | |
| Q1 2011 | -5.1% | — | — | |
| Q4 2010 | -4.7% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q4 2007 | +1.7% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q3 2009 | +1.7% | — | — | |
| Q2 2009 | +0.1% | — | — | |
| Q4 2009 | +0.1% | — | — |
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