- Marriott International Inc (NASDAQ:MAR) reported fourth-quarter FY21 sales growth of 105% year-on-year, to $4.45 billion, beating the analyst consensus of $3.98 billion.
- Comparable systemwide constant dollar RevPAR declined 19.0% worldwide, 15.3% in the U.S. & Canada, and 28.2% in international markets, compared to Q4 FY19.
- Total expenses rose 65.7% Y/Y to $3.8 billion. Adjusted EBITDA for the quarter was $741 million.
- The operating margin for the quarter was 14.2%, with an operating income of $635 million.
- Adjusted EPS of $1.30 beat the analyst consensus of $0.99.
- The company held $1.4 billion in cash and equivalents as of December 31, 2021.
- "While Omicron caused a temporary setback in global demand recovery in January, especially for business transient and group travel, new bookings across customer segments have rebounded to pre-Omicron levels. We are optimistic that the global recovery will progress meaningfully throughout 2022," said CEO Anthony Capuano.
- Price Action: MAR shares are trading higher by 4.34% at $178.76 on Tuesday.
