Marriott International Reports Strong Q4 and Full-Year 2025 Results

Marriott International, Inc. (Nasdaq: MAR) released its fourth-quarter and full-year financial results for 2025 on February 10, 2026, highlighting a year marked by impressive growth and resilience. The company reported a 4.3 percent increase in net room growth and a 2 percent rise in worldwide Revenue Per Available Room (RevPAR), showcasing the strength of its brand portfolio and operational efficiency.

Anthony Capuano, President and Chief Executive Officer, expressed optimism, stating, “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.”

In the fourth quarter, Marriott's worldwide RevPAR rose by 1.9 percent, primarily driven by increases in Average Daily Rates (ADR). The international markets demonstrated robust performance, with RevPAR increasing by 6 percent, particularly in the Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APEC) regions. However, RevPAR in the U.S. and Canada remained relatively flat, impacted by an extended government shutdown affecting business travel.

Luxury hotels notably outperformed, achieving a RevPAR increase of over 6 percent, reinforcing Marriott’s strong position in the high-end market.

Adjusted metrics demonstrated stronger performance, with adjusted operating income at $1,155 million (up from $1,072 million) and adjusted net income hitting $695 million, compared to $686 million in Q4 2024.

Marriott's development team made significant strides, signing approximately 163,000 organic rooms throughout the year, bringing the global pipeline to nearly 610,000 rooms—up about 6 percent from the previous year. The integration of the citizenM portfolio added 37 hotels and nearly 8,800 rooms to Marriott's system, indicating the company's commitment to expansion and meeting evolving customer needs.

The year saw Marriott Bonvoy, the company’s loyalty program, expand its membership base by approximately 43 million, totaling nearly 271 million members by year-end. Member stays accounted for a significant portion of room nights, with 75 percent in the U.S. & Canada and 68 percent globally, underscoring the program's effectiveness in driving customer engagement and loyalty.

Looking ahead, Marriott provided guidance for 2026, projecting a comparable systemwide constant dollar RevPAR growth of 1.5 to 2.5 percent and net rooms growth of 4.5 to 5 percent. The company anticipates gross fee revenues of between $5,895 and $5,955 million for the full year, alongside an adjusted EBITDA of $5,840 to $5,930 million.

Capuano remained optimistic, stating, "As we look ahead, we remain focused on the disciplined execution of our growth strategy, delivering exceptional experiences for our guests, strong performance for our owners, and long-term value for our shareholders."

Marriott continues to prioritize shareholder returns, repurchasing 3.5 million shares for $1.0 billion in the fourth quarter alone. For the full year 2025, the company repurchased 12.1 million shares for $3.3 billion, reflecting a strong commitment to delivering shareholder value amidst a robust operational performance.

Marriott International's results for 2025 reveal a resilient and strategically positioned company that not only navigated challenges but thrived. With a strong development pipeline, robust loyalty program, and a focus on enhancing guest experiences, Marriott is well-poised for continued success in the coming year.