From Financial Modeling Prep: 2024-11-04 11:42:00

Marriott International (NASDAQ:MAR) reported third-quarter earnings slightly below analyst expectations, with adjusted earnings per share of $2.26 and revenue of $6.26 billion. This resulted in a more than 3% drop in share prices intra-day today. The hotel chain also lowered its full-year earnings guidance for 2024 to $9.19 to $9.27 per share, below Wall Street’s consensus of $9.36.

Despite the adjusted forecast, Marriott saw positive growth in key performance indicators, with global comparable systemwide RevPAR increasing by 3% year-over-year. International RevPAR led with a 5.4% growth, while U.S. & Canada RevPAR saw a 2.1% increase.



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