Marriott International Q1 2025 Earnings Summary

Marriott International reported first quarter 2025 net income of $665 million, up 18% from $564 million a year earlier. Diluted EPS was $2.39 (adjusted EPS: $2.32), compared to $1.93 (adjusted: $2.13) in Q1 2024. Adjusted EBITDA rose 7% year-over-year to $1.22 billion.

Revenue per available room (RevPAR) increased 4.1% globally, with U.S. & Canada up 3.3% and international markets up 5.9%. Growth was driven primarily by higher average daily rates (ADR), especially in the Asia-Pacific and Caribbean/Latin America regions.
The company added 12,200 net rooms in Q1, bringing its global total to nearly 9,500 properties and about 1.72 million rooms. Marriott also signed a record 34,000 new rooms in the quarter—two-thirds of which were international—with conversions accounting for roughly one-third of new openings.

At quarter end, Marriott’s development pipeline grew to 3,808 properties with over 587,000 rooms, up 7.4% year-over-year. The company reaffirmed its acquisition of citizenM, which currently operates 36 hotels, is expected to close in the second half of 2025.

Marriott returned $1.2 billion to shareholders through dividends and share repurchases in Q1 and expects total 2025 capital returns of around $4 billion.

Full-year 2025 guidance includes:
• Adjusted EPS of $9.82 to $10.19
• Adjusted EBITDA of $5.29 to $5.43 billion
• Net rooms growth approaching 5%
• RevPAR growth of 1.5% to 3.5%

Marriott international to acquire the citizenm brand

Marriott International announced an agreement to acquire citizenM, a tech-driven, lifestyle hotel brand with 36 properties across major global cities including New York, London, and Paris. The $355 million deal is expected to accelerate Marriott’s expansion in the select-service and lifestyle segments, offering value-conscious travelers a unique blend of design, smart technology, and community spaces. Post-closing, citizenM hotels will join Marriott’s system under long-term franchise agreements, with potential earn-out payments up to $110 million based on future growth.

CitizenM’s current development pipeline includes three hotels set to open by mid-2026, and Marriott plans to leverage its global development network and the Marriott Bonvoy loyalty program to drive the brand’s growth. The transaction, subject to regulatory approvals, is anticipated to close in 2025. Marriott now expects its full-year 2025 net rooms growth to approach 5 percent following the completion of the acquisition.

Marriott International, Inc. (Nasdaq: MAR) will report first quarter 2025 earnings results on Tuesday, May 6, 2025, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Tuesday, May 6, 2025, at 8:30 a.m. (ET). Marriott International's President and Chief Executive Officer, Anthony Capuano, and Chief Financial Officer and Executive Vice President, Development, Leeny Oberg, will discuss the company's performance.

Marriott International, Inc. announced on January 17, 2025, that its Board of Directors has elected Sean Tresvant as a new member, effective February 12, 2025. This addition increases the Board's size to 13 members. Mr. Tresvant will also be included in the company's slate of nominees for election at the 2025 Annual Meeting of Stockholders. He will receive compensation as a non-employee director under Marriott's director compensation program, as outlined in the company's 2024 Proxy Statement.

There are no arrangements, understandings, or transactions involving Mr. Tresvant that exceed $120,000 or that would represent a material interest under SEC regulations.