Marriott International, Inc.'s Stock Analysis

Marriott Issues $1.425 Billion in New Notes Offering

Marriott International has entered into a Terms Agreement to issue $600 million in 4.500% Series WW Notes due 2033 and $850 million in 5.100% Series XX Notes due 2038. The net proceeds from this offering, totaling approximately $1.425 billion after expenses, will be used for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases, or repayment of debt.

Interest payments on the Series WW Notes will begin on November 1, 2026, and on the Series XX Notes on the same date. The Series WW Notes will mature on May 1, 2033, while the Series XX Notes will mature on May 1, 2038. The company may redeem the Notes at its option under specified terms, and the issuance was made under an existing indenture with The Bank of New York Mellon as trustee.

Feb 20, 2026 16:10:25

Marriott Reports Fourth Quarter and Full Year 2025 Financial Results

Marriott International reported a fourth quarter 2025 revenue per available room (RevPAR) increase of 1.9% worldwide, with a 6.1% rise in international markets but a slight decline of 0.1% in the U.S. and Canada. For the full year, RevPAR rose 2.0%, with international markets seeing a 5.1% increase. The company’s fourth quarter diluted earnings per share (EPS) were $1.65, and adjusted diluted EPS was $2.58. Total net income for the quarter reached $445 million, while adjusted net income was $695 million. Marriott also reported a significant growth in its global room portfolio, with a net increase of over 73,600 rooms during the year, resulting in a total of approximately 1.78 million rooms across more than 9,800 properties by year-end 2025.

In addition, Marriott returned over $4.0 billion to shareholders through dividends and share repurchases in 2025. The company’s development pipeline reached a record of about 4,100 properties, with nearly 610,000 rooms, indicating ongoing growth potential. For the fourth quarter, franchise and base management fees increased by 5% year-over-year, driven by room growth and RevPAR increases. The company’s total debt at year-end 2025 was $16.2 billion, with cash and equivalents remaining stable at $0.4 billion, reflecting a robust financial position.

Feb 10, 2026 07:00:21

Marriott Board Member Debra L. Lee Not Seeking Re-Election

Debra L. Lee, a member of the Board of Directors for Marriott International, has announced that she will not seek re-election at the company's 2026 annual meeting of shareholders. Ms. Lee currently serves as the chair of the Inclusion and Social Impact Committee of the Board.

The company clarified that Ms. Lee's decision to not stand for re-election is not due to any disagreements regarding Marriott's operations, policies, or practices. This change in the board's composition may be of interest to investors as it could influence governance and strategic directions.

Feb 06, 2026 15:39:43

Marriott Announces Leadership Changes and Retirement of Key Executives

Marriott International has announced significant leadership changes, including the retirement of long-time executives Liam Brown and Brian King, effective March and June 2026, respectively. William P. Brown will step down as Group President for the U.S. and Canada, while King, who led Enterprise Transformation and CALA, will also retire. Satya Anand will take over as Group President for the U.S., Canada, and CALA, while Neal Jones will become President for EMEA and Federico Greppi will lead CALA. These appointments are aimed at enhancing the company's growth strategy across global markets.

The leadership transition reflects Marriott's commitment to maintaining operational efficiency and driving expansion. Satya Anand has been with Marriott for 37 years, previously overseeing EMEA, where he achieved significant portfolio growth. Neal Jones brings extensive experience in sales and marketing to his new role, and Federico Greppi has a proven track record in operational and financial performance in CALA. The company aims to leverage these changes to strengthen its competitive position in the hospitality industry.

Jan 09, 2026 08:54:33

Marriott International Reports Third Quarter Financial Results

Marriott International reported its financial results for the third quarter of 2025, revealing a 0.5% increase in worldwide Revenue per Available Room (RevPAR), with international markets seeing a 2.6% growth while U.S. & Canada experienced a 0.4% decline. The company reported a net income of $728 million, a 25% increase from the previous year, alongside earnings per share of $2.67. Adjusted net income for the quarter was $674 million, with an adjusted EBITDA of $1,349 million, marking a 10% rise year-over-year.

The company added approximately 17,900 net rooms during the quarter, contributing to a total of over 9,700 properties worldwide. Marriott's development pipeline reached a record of around 3,900 properties, equating to over 596,000 rooms. The company also returned about $3.1 billion to shareholders through dividends and share repurchases year-to-date. As of the end of the quarter, Marriott's total debt stood at $16 billion, with cash and equivalents at $0.7 billion.

Nov 04, 2025 07:00:12

Marriott Issues $1.477 Billion in New Debt Securities

Marriott International, Inc. has entered into a Terms Agreement to issue $1.5 billion in new debt securities, comprising three series of notes: $400 million of 4.200% Series TT Notes due 2027, $500 million of 4.500% Series UU Notes due 2031, and $600 million of 5.250% Series VV Notes due 2035. The notes were issued on August 20, 2025, with net proceeds from the offering amounting to approximately $1.477 billion after expenses. The company plans to use these funds for general corporate purposes, which may include working capital and debt repayment.

Interest payments on the Series TT Notes will begin on January 15, 2026, while the Series UU and Series VV Notes will start interest payments on April 15, 2026. The maturity dates for the notes range from July 15, 2027, to October 15, 2035. Marriott retains the option to redeem the notes under specified terms outlined in the indenture agreement. The company has also filed the necessary legal documents and prospectuses with the Securities and Exchange Commission related to this offering.

Aug 20, 2025 16:10:27

Marriott Reports Second Quarter 2025 Financial Results and Growth

Marriott International reported its financial results for the second quarter of 2025, highlighting a 1.5% increase in worldwide revenue per available room (RevPAR), with international markets seeing a growth of 5.3%. The company achieved a reported diluted earnings per share (EPS) of $2.78 and an adjusted EPS of $2.65, alongside a net income of $763 million. The hotel chain added approximately 17,300 net rooms during the quarter, reflecting a 4.7% growth from the previous year, and concluded the quarter with a development pipeline of nearly 3,900 properties and over 590,000 rooms.

In terms of shareholder returns, Marriott repurchased 2.8 million shares for $0.7 billion in the second quarter, totaling approximately $2.1 billion returned to shareholders year-to-date through dividends and share buybacks. The company's total debt at the end of the quarter stood at $15.7 billion, with cash and equivalents amounting to $0.7 billion. Overall, Marriott's financial performance indicates resilience amidst economic uncertainty, with a focus on expanding its global brand portfolio and enhancing its Marriott Bonvoy travel platform.

Aug 05, 2025 07:00:29

Marriott Announces Leadership Changes with CFO Retirement and Successors

Marriott International has announced the retirement of Kathleen K. Oberg, the company's Chief Financial Officer and Executive Vice President of Development, effective March 31, 2026. Oberg, who has been with Marriott for 26 years and served as CFO since 2016, will step down following the filing of the 2025 Annual Report. Jennifer C. Mason, currently the Global Officer, Treasurer and Risk Management, has been appointed as the new CFO, while Shawn Hill will take on the role of Chief Development Officer starting January 1, 2026.

Mason has a long tenure at Marriott, having held various leadership positions since joining in 1992, and is expected to bring extensive financial experience to her new role. Hill, who has been with Marriott for nearly 28 years, is currently the Chief Development Officer for the Asia Pacific Excluding China region. Both Mason and Hill will join Marriott's executive leadership team and report to President and CEO Anthony Capuano, ensuring continuity and strategic leadership as the company transitions to new management.

Jul 14, 2025 16:19:24

Marriott Reports Q1 2025 Earnings and Development Updates

Marriott International announced its first quarter 2025 financial results, highlighting a 4.1% increase in worldwide RevPAR, with a 3.3% rise in the U.S. and Canada and a 5.9% increase in international markets. The company reported a net income of $665 million, an 18% increase from the previous year, and adjusted diluted earnings per share (EPS) of $2.32. Marriott added approximately 12,200 net rooms during the quarter, contributing to a total of nearly 9,500 properties worldwide. The company's development pipeline includes about 3,800 properties and over 587,000 rooms, reflecting a 7.4% year-over-year growth in development activity.

In addition to its financial performance, Marriott repurchased 2.8 million shares of common stock for $0.8 billion during the quarter. Year to date, the company has returned over $1.2 billion to shareholders through dividends and share repurchases. The total debt at the end of the quarter was $15.1 billion, with cash and equivalents totaling $0.5 billion. Marriott's loyalty program membership grew to nearly 237 million members by the end of March 2025, and the company announced plans to acquire the citizenM brand, which is expected to enhance its offerings in the select-service segment.

May 06, 2025 07:01:06

Marriott Reports $455 Million Net Income in Q4 2024

Marriott International reported a 5.0% increase in worldwide RevPAR for the fourth quarter of 2024, with notable growth in both U.S. & Canada (4.1%) and international markets (7.2%). The company achieved a reported diluted EPS of $1.63 and an adjusted diluted EPS of $2.45. Additionally, Marriott's net income for the quarter was $455 million, while adjusted net income reached $686 million. The company's global development pipeline is robust, with nearly 3,800 properties and over 577,000 rooms planned, alongside record gross room additions of 123,000 in 2024. The company returned over $4.4 billion to shareholders through dividends and share repurchases during the year.

Conversely, Marriott's reported net income for the fourth quarter decreased by 46% compared to the previous year, and diluted EPS fell from $2.87 to $1.63. The decline in net income was attributed to a significant tax benefit in the prior year, which was not repeated in 2024. Incentive management fees also decreased slightly, and owned, leased, and other revenue dropped from $151 million in the previous year to $100 million, largely due to the absence of a termination fee that had positively impacted the prior year's results. Additionally, interest expenses rose due to higher debt balances.

Feb 11, 2025 07:30:21