Marriott International reported a net income of $772 million for the second quarter of 2024, up from $726 million in the same period last year. Total revenues for the first six months of 2023 reached $11.69 billion, with gross fee revenues of $1.916 billion. The U.S. & Canada segment remained the largest contributor, generating $1.423 billion in gross fee revenues for the half-year period.The company's segment profits showed mixed results across regions. While the U.S. & Canada and EMEA segments saw increases, Greater China experienced a decline. The U.S. & Canada segment profit rose to $787 million in Q2 2024 from $756 million in Q2 2023. However, the six-month profit for this segment remained relatively flat at $1.412 billion compared to $1.413 billion in the previous year.Marriott continues to operate...Show More

Marriott International reported a net income of $772 million for the second quarter of 2024, up from $726 million in the same period last year. Total revenues for the first six months of 2023 reached $11.69 billion, with gross fee revenues of $1.916 billion. The U.S. & Canada segment remained the largest contributor, generating $1.423 billion in gross fee revenues for the half-year period.The company's segment profits showed mixed results across regions. While the U.S. & Canada and EMEA segments saw increases, Greater China experienced a decline. The U.S. & Canada segment profit rose to $787 million in Q2 2024 from $756 million in Q2 2023. However, the six-month profit for this segment remained relatively flat at $1.412 billion compared to $1.413 billion in the previous year.Marriott continues to operate under an asset-light business model, primarily managing or franchising hotels rather than owning them. The company maintains a diverse portfolio with over 30 brand names across various global regions. Management noted ongoing focus on rooms growth, liquidity management, and strategic capital allocation, including expectations for future dividends and share repurchases. However, they cautioned that forward-looking statements are subject to numerous evolving risks and uncertainties that may impact future performance.