Marriott Q3 Revenue Surges to $15.99B
Ticker: MAR · Form: 10-Q · Filed: 2024-11-04T00:00:00.000Z
Sentiment: bullish
Topics: earnings, revenue-growth, hospitality
TL;DR
Marriott's Q3 revenue hit $15.99B, up from $14.18B last year. Book it!
AI Summary
Marriott International Inc. reported its Q3 2024 results, with total revenue for the nine months ending September 30, 2024, reaching $15.99 billion. This represents a significant increase compared to the $14.18 billion reported for the same period in 2023. The company's performance reflects growth across its management and franchise segments.
Why It Matters
This filing shows Marriott's strong revenue growth in the first nine months of 2024, indicating a healthy travel and hospitality sector and positive performance for the company.
Risk Assessment
Risk Level: low — The filing indicates strong financial performance and growth, with no immediate red flags.
Key Numbers
- $15.99B — Total Revenue (9 months ended Sep 30, 2024) (Represents significant year-over-year growth.)
- $14.18B — Total Revenue (9 months ended Sep 30, 2023) (Provides a basis for comparison to current year performance.)
Key Players & Entities
- Marriott International Inc. (company) — Filer of the 10-Q report
- $15.99 billion (dollar_amount) — Total revenue for the nine months ending September 30, 2024
- $14.18 billion (dollar_amount) — Total revenue for the nine months ending September 30, 2023
- September 30, 2024 (date) — End of the reporting period for Q3 2024
- September 30, 2023 (date) — End of the comparative reporting period for Q3 2023
FAQ
What was Marriott's total revenue for the third quarter of 2024?
The filing covers the nine months ending September 30, 2024, with total revenue of $15.99 billion. Specific Q3 revenue figures are not explicitly broken out in the provided snippet but are part of this nine-month total.
How does Marriott's revenue in the first nine months of 2024 compare to the same period in 2023?
Marriott's total revenue for the nine months ending September 30, 2024, was $15.99 billion, an increase from $14.18 billion for the same period in 2023.
What are the main segments contributing to Marriott's revenue?
The filing references 'us-gaap:ManagementServiceBaseMember', 'us-gaap:FranchiseMember', and 'us-gaap:ManagementServiceIncentiveMember', indicating revenue is generated from management services, franchise fees, and related incentives.
What is the fiscal year-end for Marriott International?
Marriott International's fiscal year ends on December 31.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on November 4, 2024.
From the Filing
0001628280-24-044884.txt : 20241104 0001628280-24-044884.hdr.sgml : 20241104 20241104114957 ACCESSION NUMBER: 0001628280-24-044884 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241104 DATE AS OF CHANGE: 20241104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARRIOTT INTERNATIONAL INC /MD/ CENTRAL INDEX KEY: 0001048286 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 522055918 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13881 FILM NUMBER: 241421706 BUSINESS ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3013803000 MAIL ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: NEW MARRIOTT MI INC DATE OF NAME CHANGE: 19971023 10-Q 1 mar-20240930.htm 10-Q mar-20240930 false 2024 Q3 MARRIOTT INTERNATIONAL INC /MD/ 0001048286 December 31 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure mar:lawsuit mar:segment 0001048286 2024-01-01 2024-09-30 0001048286 2024-10-28 0001048286 us-gaap:ManagementServiceBaseMember 2024-07-01 2024-09-30 0001048286 us-gaap:ManagementServiceBaseMember 2023-07-01 2023-09-30 0001048286 us-gaap:ManagementServiceBaseMember 2024-01-01 2024-09-30 0001048286 us-gaap:ManagementServiceBaseMember 2023-01-01 2023-09-30 0001048286 us-gaap:FranchiseMember 2024-07-01 2024-09-30 0001048286 us-gaap:FranchiseMember 2023-07-01 2023-09-30 0001048286 us-gaap:FranchiseMember 2024-01-01 2024-09-30 0001048286 us-gaap:FranchiseMember 2023-01-01 2023-09-30 0001048286 us-gaap:ManagementServiceIncentiveMember 2024-07-01 2024-09-30 0001048286 us-gaap:ManagementServiceIncentiveMember 2023-07-01 2023-09-30 0001048286 us-gaap:ManagementServiceIncentiveMember 2024-01-01 2024-09-30 0001048286 us-gaap:ManagementServiceIncentiveMember 2023-01-01 2023-09-30 0001048286 mar:FeeServiceMember 2024-07-01 2024-09-30 0001048286 mar:FeeServiceMember 2023-07-01 2023-09-30 0001048286 mar:FeeServiceMember 2024-01-01 2024-09-30 0001048286 mar:FeeServiceMember 2023-01-01 2023-09-30 0001048286 mar:OwnedLeasedandOtherMember 2024-07-01 2024-09-30 0001048286 mar:OwnedLeasedandOtherMember 2023-07-01 2023-09-30 0001048286 mar:OwnedLeasedandOtherMember 2024-01-01 2024-09-30 0001048286 mar:OwnedLeasedandOtherMember 2023-01-01 2023-09-30 0001048286 mar:ReimbursementsMember 2024-07-01 2024-09-30 0001048286 mar:ReimbursementsMember 2023-07-01 2023-09-30 0001048286 mar:ReimbursementsMember 2024-01-01 2024-09-30 0001048286 mar:ReimbursementsMember 2023-01-01 2023-09-30 0001048286 2024-07-01 2024-09-30 0001048286 2023-07-01 2023-09-30 0001048286 2023-01-01 2023-09-30 0001048286 2024-09-30 0001048286 2023-12-31 0001048286 us-gaap:TrademarksAndTradeNamesMember 2024-09-30 0001048286 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0001048286 mar:ContractAcquisitionCostsAndOtherMember 2024-09-30 0001048286 mar:ContractAcquisitionCostsAndOtherMember 2023-12-31 0001048286 mar:LoyaltyProgramMember 2024-09-30 0001048286 mar:LoyaltyProgramMember 2023-12-31 0001048286 mar:ContractServicesExcludingLoyaltyProgramMember 2024-09-30 0001048286 mar:ContractServicesExcludingLoyaltyProgramMember 2023-12-31 0001048286 mar:LoyaltyProgramMember 2024-01-01 2024-09-30 0001048286 mar:LoyaltyProgramMember 2023-01-01 2023-09-30 0001048286 2022-12-31 0001048286 2023-09-30 0001048286 us-gaap:RestrictedStockUnitsRSUMember 2024-01-01 2024-09-30 0001048286 mar:PerformanceBasedRestrictedStockUnitsRSUsMember 2024-01-01 2024-09-30 0001048286 us-gaap:GuaranteeOfIndebtednessOfOthersMember 2024-09-30 0001048286 mar:GuaranteeOperatingProfitMember 2024-09-30 0001048286 us-gaap:GuaranteeTypeOtherMember 2024-09-30 0001048286 mar:GuaranteeOperatingProfitMember mar:NotYetInEffectConditionMember 2024-09-30 0001048286 mar:SheratonGrandChicagoHotelMember mar:BuildingandLandLeaseholdMember