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Marriott recorded net profit of US$ 1,336 million during the first half of 2024
Wednesday, July 31, 2024 - 12:00
Fuente: Marriott

The hotel company's income in this period stood at US$ 12,416 million, which is 6% above the figure recorded in 2023.

Marriott recorded a net profit of US$1,336 million in the first half of the year, which represents a 10% drop compared to the figure recorded in the same period a year earlier, as reported by the American luxury hotel company this Wednesday.

The hotel company's income in this period stood at US$ 12,416 million, which is 6% above the figure recorded in 2023.

The company's gross operating result (Ebitda) stood at US$ 2,466 million until June, 6% above the 2023 figure.

During the second quarter, Marriott added approximately 15,500 rooms to its global portfolio. At the end of the quarter, the company had a development portfolio of 3,500 properties and more than 559,000 rooms worldwide.

Of these, approximately 33,000 rooms in the pipeline were approved but not yet subject to signed contracts, and more than 209,000 rooms were under construction at the end of the quarter.

The hotel company's worldwide revenue per available room (RevPar) stood at US$126.9, which represents an improvement of 4.5%.

Of note are the increases recorded in the Middle East and Africa area of 15.5%, as well as Asia Pacific, which grew by 14.8%. The highest income occurred in the Caribbean and Latin America region with US$167 on average.

The average daily rate worldwide rose 2.7% until June, reaching US$182.89. The highest average rates are in the Caribbean region with US$245.56, 4.2% above the same period of the previous year.

Regarding occupancy, it stood at 69.4% on average in the first half of the year, which is 1.2 percentage points above the same period of the previous year.

The company's updated outlook includes a narrowing of the full-year RevPAR growth range, primarily due to a weaker operating environment in China, as well as marginally softer expectations in the United States and Canada.

Marriott has also demonstrated a significant commitment to returning capital to its shareholders. In the second quarter, the company repurchased one million common shares for a total value of $1 billion.

As of July 29, Marriott has returned $2.8 billion to its shareholders through dividends and share buybacks so far this year.

Autores

Europa Press