Marriott Exceeds Q4 Revenue Expectations
Marriott International delivers Q4 earnings beat, boosted by strong demand, despite facing regional and cost-related challenges.
Lodging services giant Marriott International (NASDAQ:MAR) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 11, that exceeded analysts' consensus estimates. Adjusted EPS of $2.45 outperformed analysts' estimates of $2.39 while total revenue reached $6.43 billion, slightly higher than the anticipated $6.4 billion.
The results suggest a positive overall quarter, driven by increased room demand and improved occupancy rates, especially in international markets. However, challenges were noted in specific regions.
Source: Marriott International. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. EBITDA = Earnings before interest, taxes, depreciation, and amortization.
