Marriott International, Inc. reported its financial results for the third quarter of 2025, revealing a consolidated revenue of $6.49 billion, a 3.7% increase from $6.26 billion in the same period last year. The company’s net income for the quarter was $728 million, or $2.67 per diluted share, compared to $584 million, or $2.07 per diluted share, in the third quarter of 2024. For the first nine months of 2025, Marriott's revenue reached $19.50 billion, up from $18.67 billion in the prior year, while net income increased to $2.16 billion from $1.92 billion.
The company experienced notable growth in its fee revenues, which rose to $1.31 billion in the third quarter, up from $1.26 billion a year earlier. This increase was primarily driven by higher base management fees and franchise fees, which were bolstered by room growth and increased co-branded credit card revenues. Additionally, owned, leased, and other revenue increased to $420 million, reflecting the inclusion of results from the recently acquired Sheraton Grand Chicago hotel. The overall operating income for the third quarter was $1.18 billion, compared to $944 million in the same quarter of 2024.
Strategically, Marriott completed the acquisition of the citizenM brand for $355 million during the third quarter, which included 37 select-service hotels. This acquisition is expected to enhance Marriott's portfolio and contribute to its growth strategy. The company also reported a significant increase in its development pipeline, with approximately 3,900 properties and over 596,000 rooms in various stages of development, indicating a strong commitment to geographic expansion, particularly outside the U.S. and Canada.
Operationally, Marriott's system included 9,721 properties with 1,753,722 rooms as of September 30, 2025, marking a 7% increase in properties and a 5% increase in rooms compared to the previous year. The company reported a worldwide Revenue per Available Room (RevPAR) increase of 0.5% in the third quarter, driven by a 0.9% growth in Average Daily Rate (ADR). However, RevPAR in the U.S. and Canada decreased by 0.4%, reflecting weaker demand in certain segments. The company’s employee headcount remained stable, supporting its operational needs as it continues to expand.
Looking ahead, Marriott anticipates a full-year net rooms growth of approximately 5%, including the impact of the citizenM acquisition. The company remains focused on enhancing its operational efficiency and expanding its global footprint, while also managing its financial health through strategic investments and share repurchase programs. The outlook reflects confidence in the recovery of the travel and hospitality sectors, despite ongoing economic uncertainties.
About MARRIOTT INTERNATIONAL INC /MD/
Marriott International is a global hospitality company operating, franchising, and licensing over 9,300 hotels across more than 30 brands. Its core activities include managing lodging properties, offering loyalty programs, and providing brand systems. Serving diverse markets worldwide, Marriott emphasizes guest experience, brand reputation, and franchise partnerships, leveraging a broad portfolio of luxury, premium, and midscale accommodations to generate recurring revenue through management fees, royalties, and licensing.
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