Marriott: Q2 EPS more than doubles

(CercleFinance.com) - Marriott International has reported Q2 2022 adjusted EPS of 1.
80 dollar, up from 79 cents a year ago, with adjusted EBITDA of 1.02 billion dollars, up nearly 83% relative to Q2 2021.

The hotel chain has announced comparable system-wide constant dollar RevPAR (revenue per available room) that is up 70.6% y-o-y, but down 2.9% relative to the same period in pre-crisis 2019.

However, management says that with growing demand in all customer segments over the quarter and nearly all countries easing travel restrictions, global RevPAR exceeded 2019 levels in June.



Copyright (c) 2022 CercleFinance.com. All rights reserved.