Development, Luxury Demand Drive Marriott’s Q3 2025 Growth
Marriott International, Inc. reported strong third-quarter 2025 results, fueled by development expansion, rising demand for luxury hotels, and higher fee revenue. The company posted an operating income of USD 1.18 billion, up from USD 944 million in the same quarter last year. Net income rose 25% year-over-year, with diluted earnings per share (EPS) reaching USD 2.67, compared to USD 2.07 in 2024.
Adjusted EBITDA climbed 10% to USD 1.35 billion, reflecting continued financial strength. Global revenue per available room (RevPAR) increased 0.5%, while RevPAR in the U.S. and Canada dipped slightly by 0.4%. Luxury segment RevPAR rose 4% year-over-year, highlighting strong traveler interest in premium experiences.
Marriott attributed its earnings growth to robust brand development, franchise expansion, and rising management fees. Base management and franchise fees grew 6% compared to last year, while the company added nearly 18,000 new rooms across its portfolio, reaching more than 9,700 hotels and resorts worldwide by quarter-end.
The hotel group now has 3,923 properties in development, representing nearly 600,000 rooms globally. Recent milestones include the acquisition of the CitizenM brand, the launch of Series by Marriott in North America, and the debut of Outdoor Collection by Marriott Bonvoy—a new outdoor lodging platform.
“Our third-quarter results reflect the power of our brands, strong rooms growth, and profit gains,” said Anthony Capuano, Marriott’s President and CEO. “Our diverse portfolio—from midscale to luxury, and including unique offerings like cabins and safari lodges—continues to attract strong owner demand.”
Looking ahead, Marriott expects comparable systemwide RevPAR to grow between 1% and 2% in Q4, with full-year growth projected between 1.5% and 2.5%. The company also anticipates full-year net room growth approaching 5%, and adjusted EBITDA between USD 5.35 billion and USD 5.38 billion.
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