Q2 2025 Marriott International Inc Earnings Call Transcript
Key Points
- Marriott International Inc (MAR) reported strong second quarter financial results, exceeding previous guidance despite macroeconomic uncertainty.
- The company's pipeline reached a record level with net rooms growing 4.7% year-over-year.
- International RevPAR rose over 5%, with significant growth in APAC and EMEA regions.
- Marriott Bonvoy loyalty program grew to nearly 248 million members, with member penetration reaching a record 69% globally.
- Second quarter total gross fee revenues increased 4% year-over-year to $1.4 billion, driven by rooms growth and higher RevPAR.
- RevPAR in Greater China declined 0.5% year-over-year due to a weaker macro environment.
- RevPAR in the US and Canada region was flat year-over-year, with select service and extended stay RevPAR declining around 1.5%.
- Group RevPAR in the US and Canada was softer than anticipated due to fewer near-term bookings and elevated attrition rates.
- Business transient RevPAR declined 2% globally and in the US and Canada, partly due to the Easter shift.
- Full-year RevPAR growth is now estimated to be at the lower end of the prior range, between 1.5% and 2.5% over last year.
Good day and welcome to the Marriott International Q2 2025 earnings conference call. (Operator Instructions) Please note, today's call may be recorded. And it is now my pleasure to turn the conference over to Jackie McConagha, Senior Vice President of Investor Relations. Please go ahead.
Thank you. Good morning, everyone, and welcome to Marriott's second quarter of 2025 earnings call. On the call with me today are Tony Capuano, our President and Chief Executive Officer; Leeny Oberg, our Chief Financial Officer and Executive Vice President-Development; and Pilar Fernandez, our Senior Director of Investor Relations.
Before we begin, I would like to remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our SEC filing which could cause future results to differ materially from those expressed in
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