NASDAQ$MAR
Marriott International Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Marriott's performance significantly improved, driven by increased lodging demand and strategic cost management.
Marriott International reported a strong second quarter in 2021, with significant improvements in RevPAR, net income, and adjusted EBITDA compared to the previous year. The company benefited from the ongoing recovery in lodging demand and strategic initiatives to engage with loyal customers.
- Worldwide RevPAR increased by 262.6% compared to Q2 2020.
- Reported net income was $422 million, a significant turnaround from the $234 million net loss in Q2 2020.
- Adjusted EBITDA reached $558 million, compared to $61 million in the previous year.
- The company added nearly 25,000 rooms globally, including approximately 13,000 rooms in international markets.
Headline financials
Revenue & EPS history
Marriott · Revenue · Quarterly
$3.15B
Revenue by segment
Marriott · $661M total across 3 segments · Q2 2021
- Franchise and Base Management Fees$587M+164.4%88.8%
- Incentive Management Fees$55M+358.3%8.3%
- Owned, Leased, and Other Revenue, Net$19M+126.4%2.9%
Forward guidance
Marriott anticipates the upward trajectory of the global recovery will continue, with business transient and group demand expected to increase in the fall. They expect gross rooms growth will accelerate to approximately 6 percent, with net rooms growth now expected to be towards the top end of the 3 to 3.5 percent range.
Tailwinds
- Continued recovery in global lodging demand.
- Increase in business travel as workers return to offices.
- Strong growth in rooms signings and openings.
- Success of Marriott Bonvoy program with increasing membership.
- Positive impact from co-brand credit card fees and partnerships.
Headwinds
- Uncertainties associated with COVID-19, including the Delta variant.
- Potential impact on travel demand due to government restrictions.
- Economic uncertainty in key global markets.
- Competitive conditions in the lodging industry.
- Potential adverse effects from data security incidents.
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 Q2 2021
+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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