Third quarter 2024 comparable systemwide constant dollar RevPAR increased 3.0% worldwide, 2.1% in the U.S. & Canada, and 5.4% in international markets, compared to the 2023 third quarter. The company added roughly 16,000 net rooms during the quarter. At the end of the quarter, Marriott’s (MAR) worldwide development pipeline totaled approximately 3,800 properties and 585,000 rooms, including roughly 34,000 pipeline rooms approved, but not yet subject to signed contracts. More than 220,000 rooms in the pipeline were under construction as of the end of the third quarter.
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Read More on MAR:
- Marriott reports Q3 adjusted EPS $2.26, consensus $2.31
- Marriott sees Q4 adjusted EPS $2.31-$2.39, consensus $2.43
- Marriott sees Q4 comparable systemwide constant dollar RevPAR up 2%-3%
- Marriott cuts FY24 adjusted EPS view to $9.19-$9.27 from $9.23-$9.40
- MAR Earnings Report this Week: Is It a Buy, Ahead of Earnings?