Marriott Reports 4.7% Revenue Growth to $6.744 Billion in Q2 2025

Marriott International, Inc. reported its financial results for the second quarter and first half of 2025, revealing a consolidated revenue of $6.744 billion for the quarter, a 4.7% increase from $6.439 billion in the same period of 2024. For the first half of 2025, revenue reached $13.007 billion, up from $12.416 billion year-over-year. The company’s net income for the second quarter was $763 million, slightly down from $772 million in the prior year, while net income for the first half increased to $1.428 billion from $1.336 billion. Earnings per share for the second quarter were $2.78, compared to $2.70 in the same quarter of 2024.

The company experienced notable growth in its fee revenues, which rose to $1.371 billion in the second quarter, a 4.2% increase from $1.316 billion in 2024. This growth was driven by higher base management fees and franchise fees, attributed to increased revenue per available room (RevPAR) and room growth. The owned, leased, and other revenue segment also saw an increase, reaching $441 million in the second quarter, up from $395 million in the previous year. However, the cost reimbursement revenue increased significantly to $4.932 billion, reflecting a rise in expenses related to centralized programs and services.

Strategically, Marriott announced the acquisition of the citizenM brand for $355 million, which is expected to enhance its portfolio with 37 select-service hotels. This acquisition is anticipated to contribute to the company’s growth trajectory, with additional earn-out payments of up to $110 million based on future performance. The company’s development pipeline remains strong, with approximately 3,900 properties and over 590,000 rooms in various stages of development, indicating a commitment to geographic expansion, particularly outside the U.S. and Canada.

Operationally, Marriott reported a total of 9,601 properties with 1,735,819 rooms as of June 30, 2025, reflecting an increase from 8,969 properties and 1,658,659 rooms a year earlier. The company’s RevPAR increased by 1.5% in the second quarter and 2.8% in the first half, driven by growth in average daily rates (ADR) and occupancy rates across its international markets. The U.S. and Canada segment reported stable RevPAR, while international regions, particularly Asia Pacific and EMEA, showed stronger growth.

Looking ahead, Marriott expects continued growth in net rooms, projecting a full-year increase of approximately 5%, bolstered by the recent acquisition and ongoing development efforts. The company remains focused on optimizing its capital structure and maintaining liquidity, with cash and cash equivalents totaling $692 million at the end of the second quarter. Marriott's management expressed confidence in its ability to navigate market conditions and achieve its long-term financial objectives, including returning cash to shareholders through dividends and share repurchases.