Skip to main content

Home/ Travel for freedom/ Group items tagged Marriott-2024-financial-performance

Rss Feed Group items tagged

asianhospitality

Marriott's Stunning Growth: RevPAR Up 5%, 123K Rooms Added - 0 views

  •  
    MARRIOTT INTERNATIONAL REPORTED five percent global RevPAR growth in the fourth quarter of 2024, with a four percent increase in the U.S. and Canada and 7.2 percent in international markets. However, net income fell to $455 million from $848 million in the prior year. The company added more than 123,000 rooms in 2024, achieving 6.8 percent net rooms growth from year-end 2023, Marriott said in a statement. "Marriott achieved excellent results in 2024, as we delivered best-in-class experiences that helped drive strong demand for our industry-leading portfolio of brands," said Anthony Capuano, Marriott's president and CEO. "Full-year global RevPAR rose 4.3 percent, and with record gross room additions, net rooms grew 6.8 percent to more than 1.7 million worldwide."
asianhospitality

Marriott posts 4.9 percent global RevPAR growth in Q2 - Asian Hospitality - 0 views

  •  
    MARRIOTT INTERNATIONAL REPORTED 4.9 percent year-over-year global RevPAR growth in the second quarter of 2024, with U.S. and Canada RevPAR rising 3.9 percent and international RevPAR increasing 7.4 percent. The company's net income grew to $772 million from $726 million a year ago, Marriott said in a statement. "Marriott reported strong second quarter results, with net rooms up 6 percent year-over-year and worldwide RevPAR growth of nearly 5 percent, as consumers continued to prioritize travel," said Anthony Capuano, Marriott International's president and CEO. "International RevPAR increased more than 7 percent, with Asia-Pacific excluding China leading the way, posting an impressive 13 percent RevPAR increase from the year-ago quarter." RevPAR for the U.S. and Canada grew nearly 4 percent during the quarter, Capuano said, and all customer segments grew versus the prior year quarter.
asianhospitality

Marriott reports 3 percent increase in Q3 global RevPAR - 0 views

  •  
    MARRIOTT INTERNATIONAL REPORTED a 3 percent increase in global RevPAR, with 2.1 percent growth in the U.S. and Canada and 5.4 percent in international markets for the third quarter. Net income totaled $584 million, and approximately 16,000 net rooms were added during the quarter. "Marriott had another solid quarter, highlighted by strong net rooms and fee growth, robust development activity, and a 3 percent increase in global RevPAR," said Anthony Capuano, Marriott's president and CEO. "Third-quarter international RevPAR rose 5.4 percent, led by gains in APEC and EMEA, with resilient domestic and cross-border demand and solid ADR growth. U.S. & Canada RevPAR increased over 2 percent year-over-year, with ADR up 2.3 percent." Capuano noted the group segment stood out, with global group RevPAR rising 10 percent and expected to grow 8 percent for 2024. "RevPAR for the business transient segment continued to grow, while leisure transient RevPAR remained flat year-over-year but still well ahead of pre-pandemic levels," he said.
1 - 3 of 3
Showing 20 items per page