NASDAQ$MAR
Marriott International Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Marriott's Q3 2024 results were reported, demonstrating solid performance driven by strong net rooms and fee growth, as well as increased RevPAR.
Marriott International reported a solid third quarter in 2024, with a 3.0 percent increase in global RevPAR. Adjusted EBITDA reached $1,229 million, and adjusted diluted EPS was $2.26. The company added approximately 16,000 net rooms during the quarter and returned $1.0 billion to shareholders through share repurchases.
- Global RevPAR increased by 3.0 percent, with international markets rising 5.4 percent.
- Adjusted EBITDA totaled $1,229 million, compared to $1,142 million in the third quarter of 2023.
- Adjusted diluted EPS reached $2.26, up from $2.11 in the prior year's quarter.
- The company added roughly 16,000 net rooms during the quarter, expanding its global system.
Headline financials
Revenue & EPS history
Marriott · Revenue · Quarterly
$6.26B
Revenue by segment
Marriott · $1.27B total across 3 segments · Q3 2023
- Franchise and Base Management Fees$1.05B+10.6%83.2%
- Incentive Management Fees$143M+34.9%11.3%
- Owned, Leased, and Other Revenue, Net$70M+59.1%5.5%
Forward guidance
Marriott provided guidance for the fourth quarter and full year 2024, including expectations for comparable systemwide constant dollar RevPAR growth and adjusted EBITDA.
Tailwinds
- Worldwide RevPAR growth of 2% to 3% is expected for the fourth quarter of 2024.
- Full year 2024 worldwide RevPAR growth is projected at 3% to 4%.
- Net rooms growth is anticipated to be approximately 6.5% by year-end 2024.
- Gross fee revenues are forecasted to be between $1,290 million and $1,310 million for the fourth quarter of 2024.
- Adjusted EBITDA is expected to range from $1,235 million to $1,265 million for the fourth quarter of 2024.
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 Q3 2024
+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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