The earnings call presented a mixed picture with notable achievements in pipeline growth and international RevPAR performance, alongside challenges in the Greater China market and softness in U.S. and Canadian RevPAR. While growth initiatives are promising, certain segments face headwinds.

Company Guidance -

Q3 2025

During the Marriott International Q2 2025 Earnings Conference Call, the company reported strong financial results that surpassed previous guidance amid macroeconomic uncertainty. Key metrics included a record pipeline with net rooms growth of 4.7% year-over-year and a 1.5% increase in global RevPAR. The APAC and EMEA regions led RevPAR increases with growth of 9% and 7%, respectively, while international RevPAR rose over 5%. RevPAR in the U.S. and Canada was flat year-over-year, with luxury RevPAR up 4%, although select service and extended stay RevPAR declined by 1.5%. The full-year RevPAR growth is now expected to be between 1.5% and 2.5%. The company's pipeline reached over 590,000 rooms, with 40% under construction. Marriott's Bonvoy loyalty program grew to nearly 248 million members, and the Marriott Media Network was introduced to enhance advertising opportunities. Adjusted EBITDA rose 7% to $1.42 billion, and the company anticipates full-year adjusted EBITDA growth of 7% to 8%.

Record Pipeline Growth

Marriott's pipeline reached a record level with net rooms growing 4.7% year-over-year. The pipeline includes over 590,000 rooms, with 40% under construction. Deal signings rose 35% compared to the same quarter last year.

Strong International RevPAR Performance

International RevPAR increased over 5%, driven by APAC and EMEA. RevPAR in APAC rose 9%, with key markets like Japan and Australia seeing double-digit increases. EMEA RevPAR increased 7%.

Marriott Bonvoy Loyalty Program Growth

The Marriott Bonvoy loyalty program grew to nearly 248 million members, with member penetration reaching a record 69% globally.

Launch of New Brands and Acquisitions

Marriott announced the global launch of its collection brand, Series by Marriott, and completed the acquisition of citizenM. These moves are expected to drive significant growth opportunities.

Owned, Leased, and Other Revenue Growth

Owned, leased, and other revenue net of expenses rose 14% year-over-year, driven by improved performance at hotels and favorable currency impacts.

Marriott International (MAR) Earnings, Revenues Date & History

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MAR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	2.38 / -	2.26	―	―	―
Aug 05, 2025	2025 (Q2)	2.61 / 2.65	2.5	6.00% (+0.15)	―
May 06, 2025	2025 (Q1)	2.25 / 2.32	2.13	8.92% (+0.19)	―
Feb 11, 2025	2024 (Q4)	2.39 / 2.45	3.57	-31.37% (-1.12)	―
Nov 04, 2024	2024 (Q3)	2.31 / 2.26	2.11	7.11% (+0.15)	―
Jul 31, 2024	2024 (Q2)	2.47 / 2.50	2.26	10.62% (+0.24)	―
May 01, 2024	2024 (Q1)	2.16 / 2.13	2.09	1.91% (+0.04)	―
Feb 13, 2024	2023 (Q4)	2.12 / 3.57	1.96	82.14% (+1.61)	―
Nov 02, 2023	2023 (Q3)	2.10 / 2.11	1.69	24.85% (+0.42)	―
Aug 01, 2023	2023 (Q2)	2.17 / 2.26	1.8	25.56% (+0.46)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MAR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$258.47	$259.06	+0.23%
May 06, 2025	$246.01	$250.67	+1.89%
Feb 11, 2025	$302.22	$285.89	-5.40%
Nov 04, 2024	$258.08	$253.98	-1.59%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.