Marriott International reported its third‑quarter 2025 earnings, posting an adjusted earnings per share of $2.47 and an adjusted EBITDA of $1.35 billion, a 10% year‑over‑year increase.
Revenue for the quarter was $6.49 billion, slightly above the consensus estimate of $6.47 billion. Adjusted operating income reached $1.18 billion and adjusted net income was $674 million.
Global RevPAR rose 0.5%, with international RevPAR up 2.6%. U.S. and Canada RevPAR fell 0.4%, a decline attributed to reduced government travel and calendar shifts; the luxury segment, however, saw a 4% increase in RevPAR.
Marriott added 17,900 net rooms, 13,900 of which were in international markets, and repurchased 3.0 million shares. The company’s development pipeline now includes over 596,000 rooms across roughly 3,900 properties, bolstered by the acquisition of the citizenM brand.
Full‑year 2025 guidance remains unchanged: adjusted EPS of $9.98 to $10.06 and adjusted EBITDA of $5.35 to $5.38 billion. Management emphasized continued focus on net‑room growth, shareholder returns, and navigating macro‑economic uncertainty.
Prior‑period comparisons show Q3 2024 adjusted EPS of $2.26, revenue of $6.47 billion, and adjusted EBITDA of $1.229 billion. Q2 2025 adjusted EPS was $2.32, revenue $6.42 billion, and adjusted EBITDA $1.28 billion.
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