Marriott International missed profit estimates last quarter, but shares surged 8.5% after the company issued strong guidance.
Earnings per share were US$2.58, up 5% but below Zacks estimates of $2.64. Revenue was up 4.1% to $6.69 billion, passing estimates of $6.68 billion.
“Marriott delivered excellent results in 2025, reflecting the strength of our brands, delivery of great experiences to our customers and continued momentum in development activity,” said CEO Anthony Capuano.
“For the full year, net rooms grew over 4.3 percent, worldwide RevPAR [revenue per available room] increased 2 percent, and our fee‑driven, asset‑light business model continued to generate substantial cash, enabling over $4.0 billion of capital returns to shareholders.”
The company expects net rooms growth of 4.5-5% in 2026. It forecast earnings per share of $2.50-2.55 in the year’s first quarter, above estimates of $2.48.
RevPAR last quarter rose 1.9%, driven by 6.1% growth in international markets. United States and Canada RevPAR fell 0.1%, which the company said was largely due to the U.S.’ 43-day government shutdown.
Adjusted operating income was $1.16 billion, up from $1.07 billion one year ago.
Franchise and base management fees rose 5% year-over-year to $1.19 billion, which the company credited to rooms growth and RevPAR increases. Total operating costs were $5.91 billion, down 4%.
Total membership in its Marriott Bonvoy loyalty program climbed 43 million to 271 million across 2025. Member stays represented around 75% of room nights in the U.S. and Canada and 68% of global nights.
Marriott (NASDAQ: MAR) shares closed 8.5% higher at $359.35, and rose a further 0.3% after-hours. Its market capitalisation is $96.93 billion.
