Marriott International Inc. reports second‑quarter 2025 earnings that show steady global growth alongside stable performance in its U.S. and Canadian markets.
Hotels NYC Flatiron | The New York EDITION. Courtesy of Marriott International.
The company says worldwide revenue per available room (RevPAR) rises 1.5 per cent year over year, driven by a 5.3 per cent increase in international markets. RevPAR in the U.S. and Canada remains consistent for the quarter. Adjusted diluted earnings per share reach US $2.65, topping the company’s guidance range of US $2.57 to $2.62.
Reported net income totals US $763 million compared with US $772 million a year earlier, while reported diluted earnings per share climb to US $2.78 from $2.69. Adjusted net income comes in at US $728 million, up from $716 million, and adjusted EBITDA rises 7 per cent to US $1.415 billion.
Marriott adds about 17,300 net rooms in the quarter, a 4.7 per cent increase year over year. Its development pipeline reaches roughly 3,900 properties, totalling more than 590,000 rooms.
“Marriott delivered another solid quarter, highlighted by strong financial results and robust net rooms growth despite heightened macro‑economic uncertainty,” says Anthony Capuano, president and CEO. “Global RevPAR increased 1.5 percent in the second quarter primarily driven by the leisure segment. International RevPAR rose over 5 percent, with strong growth in APEC and EMEA. In the U.S. & Canada, RevPAR was flat year over year with continued strength in the luxury segment offset by a decline in select service demand, largely reflecting reduced government travel and weaker business transient demand. Adjusting for the Easter holiday shift, U.S. & Canada RevPAR increased by nearly 1 percent.”
Capuano says development activity remains robust, with nearly 32,000 rooms signed in the quarter, more than 70 per cent of them in international markets. He adds that the company’s pipeline is at a record level.
He points to the launch of Series by Marriott, a new collection brand aimed at mid‑scale and upscale segments, and the completion of the acquisition of citizenM, which he says broadens offerings for guests and Marriott Bonvoy members. Membership in the loyalty program nears 248 million at the end of June.
Marriott has returned about US $2.1 billion to shareholders so far this year through dividends and share repurchases, and it remains on track to return approximately US $4 billion in 2025.
Looking ahead, the company narrows its full‑year outlook, forecasting RevPAR growth of 1.5 to 2.5 per cent. Adjusted diluted earnings per share are projected at US $9.85 to $10.08, reflecting softer travel demand in U.S. select‑service and business transient segments.
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