Marriott’s RevPAR up 5 percent, Q4 income lower

MARRIOTT INTERNATIONAL REPORTED five percent global RevPAR growth in the fourth quarter of 2024, with a four percent increase in the U.S. and Canada and 7.2 percent in international markets. However, net income fell
to $455 million from $848 million in the prior year.

The company added more than 123,000 rooms in 2024, achieving 6.8 percent net rooms growth from year-end 2023, Marriott said in a statement.

“Marriott achieved excellent results in 2024, as we delivered best-in-class experiences that helped drive strong demand for our industry-leading portfolio of brands,” said Anthony Capuano, Marriott’s president and CEO.
“Full-year global RevPAR rose 4.3 percent, and with record gross room additions, net rooms grew 6.8 percent to more than 1.7 million worldwide.”