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Marriott International | 10-Q: Q3 2024 Earnings Report

Marriott International | 10-Q: Q3 2024 Earnings Report

萬豪酒店 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/04 08:54

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Marriott International reported Q3 2024 revenues of $6.26 billion, up 5.5% year-over-year, driven by a 7% increase in gross fee revenues to $1.28 billion. Systemwide RevPAR grew 3.0% globally, with ADR up 2.5% and occupancy improving 0.3 percentage points. However, net income declined 22% to $584 million due to higher costs and expenses.The company showed mixed regional performance, with strong growth in EMEA (RevPAR +9.5%) and APEC (+9.2%), while Greater China declined 7.9% due to lower domestic demand. U.S. & Canada, the largest segment, posted modest RevPAR growth of 2.1%. Total operating costs increased 10% to $5.31 billion, including higher general and administrative expenses of $276 million.Looking ahead, Marriott expects full-year 2024 net rooms growth of around 6.5%, supported by a development pipeline of approximately 3,800 hotels with 585,000 rooms. The company launched a comprehensive efficiency initiative expected to yield $80-90 million in annual cost savings beginning in 2025. Marriott continued its capital return program, repurchasing 4.5 million shares for $1.0 billion in Q3 and paying quarterly dividends of $0.63 per share.
Marriott International reported Q3 2024 revenues of $6.26 billion, up 5.5% year-over-year, driven by a 7% increase in gross fee revenues to $1.28 billion. Systemwide RevPAR grew 3.0% globally, with ADR up 2.5% and occupancy improving 0.3 percentage points. However, net income declined 22% to $584 million due to higher costs and expenses.The company showed mixed regional performance, with strong growth in EMEA (RevPAR +9.5%) and APEC (+9.2%), while Greater China declined 7.9% due to lower domestic demand. U.S. & Canada, the largest segment, posted modest RevPAR growth of 2.1%. Total operating costs increased 10% to $5.31 billion, including higher general and administrative expenses of $276 million.Looking ahead, Marriott expects full-year 2024 net rooms growth of around 6.5%, supported by a development pipeline of approximately 3,800 hotels with 585,000 rooms. The company launched a comprehensive efficiency initiative expected to yield $80-90 million in annual cost savings beginning in 2025. Marriott continued its capital return program, repurchasing 4.5 million shares for $1.0 billion in Q3 and paying quarterly dividends of $0.63 per share.
萬豪酒店報告2024年第三季度收入爲62.6億元,同比增長5.5%,這得益於毛費收入增長7%,達12.8億元。全球系統內每間可用房收入(RevPAR)增長3.0%,平均房價(ADR)上漲2.5%,入住率提升0.3個百分點。然而,凈利潤因成本和費用上升下降了22%,降至58400萬元。公司表現區域差異明顯,歐洲、中東和非洲(EMEA)地區RevPAR增長9.5%,亞太(APEC)增長9.2%,而大中華因國內需求下降而減少了7.9%。美國和加拿大,作爲最大的市場,RevPAR溫和增長2.1%。總運營成本上升10%,達到53.1億元,包括27600萬元的行政管理費用。展望未來,萬豪預計2024年全年...展開全部
萬豪酒店報告2024年第三季度收入爲62.6億元,同比增長5.5%,這得益於毛費收入增長7%,達12.8億元。全球系統內每間可用房收入(RevPAR)增長3.0%,平均房價(ADR)上漲2.5%,入住率提升0.3個百分點。然而,凈利潤因成本和費用上升下降了22%,降至58400萬元。公司表現區域差異明顯,歐洲、中東和非洲(EMEA)地區RevPAR增長9.5%,亞太(APEC)增長9.2%,而大中華因國內需求下降而減少了7.9%。美國和加拿大,作爲最大的市場,RevPAR溫和增長2.1%。總運營成本上升10%,達到53.1億元,包括27600萬元的行政管理費用。展望未來,萬豪預計2024年全年的淨房間增長約爲6.5%,受益於約3800家酒店、585,000間客房的發展管道。公司推出了一項全面的效率提升計劃,預計從2025年開始每年可節省8000-9000萬元成本。萬豪繼續其資本回饋計劃,在第三季度回購450萬股,耗資10億元,並每股支付0.63元的季度分紅。
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