Marriott International, Inc. - Class A


Market Cap$69.62B

Compare Marriott International

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Marriott International, Inc. - Class AMarriott International, Inc. - Class A22.60.81%-452%3.1-17.4
marketMarket Avg49.51.28%13%6.20.1
Consumer DiscretionaryConsumer Discretionary Avg250.72%61%3.31.5

Earnings Call Q4 2023

February 13, 2024 - AI Summary

Marriott International reported strong financial results for Q4 2023, with global RevPAR increasing over 7% YoY driven by gains in ADR and occupancy.
Group revenues rose 9% globally and 7% in the U.S. and Canada compared to the year ago quarter, indicating a solid year ahead for group bookings in 2024.
Leisure transient revenues were up 6% worldwide, with demand remaining resilient even as the rebound impact from the pandemic has waned.
Business transient revenues grew 7% globally and 3% in the U.S. and Canada, with small and medium-sized corporates showing robust demand and large corporates gradually increasing volume.
The Marriott Bonvoy loyalty program reached over 196 million members at the end of the year, contributing to increased room nights and revenue growth.
Marriott signed a record 891 organic management, franchise, and license agreements in 2023, representing approximately 164,000 rooms, and expects another year of strong global signings in 2024. Other key points:
Full-year outlook for 2024 assumes steady but slower-growing global economy, with normalized lodging demand in most regions.
Global RevPAR is expected to grow 3% to 5% in 2024, with higher growth in international markets, particularly Asia Pacific.
Gross fees could rise 6% to 8%, driven by non-RevPAR related fees such as credit card and residential branding fee growth.
Owned, leased, and other revenues net of expenses are expected to be lower due to renovations and property transitions.
G&A expense could be flat to up 2% year-over-year, impacted by timing of performance-related compensation and one-time items.
Capital returns to shareholders could be between $4.1 billion and $4.3 billion in 2024, including share repurchases and cash dividend.
Investment spending could total $1 billion to $1.2 billion, with a focus on technology and renovations.

Current Fair Value

0.8% downside

Overvalued by 0.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$69.62 Billion
Enterprise Value$81.15 Billion
Dividend Yield$1.9492 (0.81%)
Earnings per Share$10.18
Outstanding Shares289,485,338
Avg 30 Day Volume1,505,002


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio22.58
Price to Sales3.08
Price to Book Ratio-83.1
Enterprise Value to Revenue3.42
Enterprise Value to EBIT20.63
Enterprise Value to Net Income26
Total Debt to Enterprise0.15
Debt to Equity-17.41

Revenue Sources

No data

ESG Score

No data

About Marriott International, Inc.

144,000 employees
CEO: Arne Sorenson

Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,500 properties under 30 leading brands spanning 132 countries and territories. Marriott operates and franchises hotels and licen...