Skip to content

Search

Latest Stories

Marriott's RevPAR up 5 percent, Q4 income lower

It added more than 123,000 rooms in 2024, achieving 6.8 percent net growth from 2023

Marriott Reports Record Growth in 2024 with 5% RevPAR Increase and 123K New Rooms Added
Marriott International's global RevPAR grew 5 percent in the fourth quarter of 2024, with 4 percent growth in the U.S. and Canada and 7.2 percent internationally, while net income dropped to $455 million from $848 million.

Marriott posts 5% Q4 RevPAR surge, adds 123K new rooms in 2024

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.”

Capuano said fourth quarter RevPAR growth was driven by gains in ADR and occupancy.

“International RevPAR increased by more than seven percent, with APEC and EMEA leading the way, benefiting from strong leisure demand,” he said. “RevPAR in the U.S. and Canada rose more than four percent, the region’s highest increase of the year, with all customer segments growing.”

Key highlights:

  • Reported diluted EPS in fourth quarter: $1.63; adjusted diluted EPS: $2.45.
  • Fourth quarter reported net income: $455 million; adjusted net income: $686 million.
  • Adjusted EBITDA in fourth quarter: $1.286 billion.
  • Net rooms grew 6.8 percent from year-end 2023, with record gross additions of 123,000.
  • Development pipeline at year-end: nearly 3,800 properties and more than 577,000 rooms.
  • Returned more than $4.4 billion to shareholders in 2024.

Capuano said 2024 was a terrific year for the company’s development team.

“We signed a record number of new deals, and conversions accounted for more than one-third of signings and over half of room additions,” he said.

Review and forecast

Base management and franchise fees rose 10 percent to $1.128 billion, driven by RevPAR growth, unit expansion, and higher residential and co-branded credit card fees. Incentive management fees totaled $206 million, down from $218 million, as APEC growth was offset by declines in the U.S. and Canada and Greater China.

“We continued to enhance our portfolio to deliver new travel experiences to our guests around the world,” Capuano said. “We expanded our presence in the midscale segment with the opening of 28 Four Points Flex hotels across EMEA and APEC. The City Express by Marriott brand also debuted in the U.S. and Canada. We also strengthened our non-traditional offerings with foundational deals in the outdoor lodging segment with key players Postcard Cabins and Trailborn.”

Owned, leased, and other revenue, net of direct expenses, totaled $100 million, down from $151 million, primarily due to a $63 million termination fee from a prior-year development project.

Marriott’s fourth quarter reported operating income rose to $752 million from $718 million, while adjusted operating income increased to $1.072 billion from $992 million. Adjusted net income fell to $686 million from $1.055 billion, and adjusted diluted EPS declined to $2.45 from $3.57.

By year-end, Marriott’s global system comprised over 9,300 properties and approximately 1.706 million rooms. The development pipeline included 3,766 properties with more than 577,000 rooms, including 1,381 properties under construction. International markets accounted for 55 percent of the pipeline.

The company forecasts worldwide RevPAR growth of three to four percent in the first quarter and two to four percent for the full year. Net rooms are expected to grow four to five percent in 2025. Adjusted EBITDA is projected between $1.170 billion and $1.196 billion for the first quarter and $5.295 billion to $5.435 billion for the year.

“Looking ahead, I am optimistic about Marriott’s future,” said Capuano. “With our unparalleled global rooms distribution and brand portfolio, our leading loyalty program with nearly 228 million Marriott Bonvoy members, and our dedicated associates, I believe Marriott is well-positioned to take advantage of the continued momentum in travel. With our powerful, cash-generating, asset-light business model, we look forward to delivering strong, valuable growth as we continue to connect people around the world through the power of travel.”

Marriott recently reported signing a record 608 deals in the U.S. and Canada last year.

More for you

Global Hotel Rates to Stay Stable in 2026

Report: Global hotel rates steady despite uncertainty

Summary:

  • Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
  • New York is a key business travel and meetings destination.
  • India is likely to be a focus for travel programs during 2026 negotiations.

GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.

AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.

Keep ReadingShow less
Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less