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Marriott International Q2 Earnings Show Growth Amid Mixed RevPAR Performance
Marriott International Q2 Earnings Show Growth Amid Mixed RevPAR Performance
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BTCCSquare news:
Marriott International's stock edged up 0.49% to $260.40 following a solid Q2 earnings report. Adjusted EPS reached $2.65, while net income hit $763 million on $6.74 billion revenue. The hospitality giant saw 7% YoY growth in adjusted EBITDA to $1.415 billion, powered by international markets where RevPAR grew 5.3%.
While global RevPAR increased 1.5%, U.S. performance remained flat due to softness in select service and government travel segments. Marriott's expansion strategy delivered 4.7% YoY net room growth, with a record pipeline exceeding 590,000 rooms. The company strengthened its portfolio with new additions to its Series by Marriott and citizenM brands.
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