Marriott International Reports Strong Fourth Quarter and Full Year 2023 Results

Marriott International, Inc. (Nasdaq: MAR) reports strong fourth quarter and full year 2023 results, with significant growth in global operations. RevPAR increased by 7.2% worldwide, with a 17.4% surge in international markets. Diluted EPS improved to $2.87, and adjusted diluted EPS reached $3.57. Net income totaled $848 million, and adjusted net income reached $1,055 million. The company added nearly 81,300 rooms globally and has a development pipeline of nearly 3,400 properties and roughly 573,000 rooms. Marriott also repurchased 21.5 million shares of common stock for $3.9 billion in 2023. President and CEO Anthony Capuano commented on the company’s excellent results and strong performance, positioning Marriott for continued growth and success in the global hospitality industry.