Marriott International (MAR) announced that its licensing agreement with Sonder (SOND) was no longer in effect due to Sonder’s default. With the removal of the Sonder rooms from Marriott’s system, Marriott’s net rooms growth for 2025 is now expected to approach 4.5 percent. There are no changes to the rest of the outlook metrics that Marriott provided on November 4, 2025.
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