Marriott Earnings Review: Analyzing Q3 2024 Financial Results and Trends
Marriott Earnings Review
On Monday, Marriott International, Inc. (NASDAQ: MAR) announced its financial results for the third quarter of 2024, with a clear increase in revenue and adjusted profits. The company's total revenue climbed by 6% year-over-year, reaching $6.26 billion in Q3. This boost encompasses substantial growth across all operational segments.
Key Metrics and Insights
- Comparable systemwide constant dollar Revenue Per Available Room rose by 3% globally, with a 2.1% increase in the U.S. & Canada and a significant 5.4% in international markets.
- Third-quarter earnings per share stood at $2.07, a slight decline from $2.51 in the same quarter last year.
- Adjusted earnings were even more promising, increasing from $2.11 to $2.26 per share.
- Net income reported was $584 million, down from $752 million a year earlier.
- Adjusted EBITDA reached $1.23 billion, up from $1.14 billion year over year.
Market Implications
This earnings review of Marriott highlights the company's ability to adapt to the ongoing dynamics of the hospitality industry, particularly in a post-COVID-19 landscape. Investors and market analysts will be closely watching the implications of these results as Marriott continues to expand its presence worldwide.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.