A 43-day government shutdown is all it took to drag Marriott International U.S. and Canada RevPAR into negative territory in the fourth quarter. The good news is, it was up globally to the tune of around 2% YOY, with 6.1% growth in international markets. For full-year 2025, RevPAR increased 2% worldwide, with 5.1%growth in international markets and 0.7% increase in U.S. & Canada.
Fourth quarter reported net income totaled $445 million and adjusted net income totaled $695 million.
Net rooms in the global system grew by more than 4.3% in 2025 as nearly 73,600 net rooms were added from year-end 2024. At year-end the system included over 9,800 properties with nearly 1,780,000 rooms. Marriott’s worldwide development pipeline totalled approximately 4,056 properties with nearly 610,000 rooms at year-end including 1,648 properties with nearly 265,000 rooms under construction.
Looking forward, the company provided guidance for 2026 that includes expected worldwide RevPAR growth of 1.5 to 2.5 percent net rooms growth of 4.5 to 5 percent and adjusted EBITDA growth of 8 to 10 percent. Marriott also anticipates more than $4,300 million of capital returned to shareholders in 2026.
Much of the quarter and full year was fueled by luxury travel and performance. “Globally, our luxury hotels continued to outperform during the quarter, with RevPAR rising over 6 % and performance moderating down the chain scales,” said Tony Capuano, president and CEO of Marriott International.
During the fourth quarter, Marriott completed the integration of the citizenM portfolio, adding 37 hotels and nearly 8,800 rooms to our system. It marked the opening of the first 37 Series by Marriott hotels in India and expanded the brand into the U.S. and Canada, with its first two properties opening just months after the brand’s regional debut.
In 2025, Marriott added approximately 43 million members to Marriott Bonvoy, bringing total membership to nearly 271 million at year‑end. Member stays in 2025 accounted for 75% of room nights in the U.S. & Canada and 68% globally.
“As we look ahead, we remain focused on the disciplined execution of our growth strategy, delivering exceptional experiences for our guests, strong performance for our owners and long‑term value for our shareholders,” said Capuano.
