Marriott International (MAR) Revenue — Quarter Ended Mar 31, 2024
Revenue for Marriott International decreased compared to the preceding quarter, but rose when measured against the same quarter a year earlier. The sequential decline reflected typical seasonal patterns, while the year-over-year growth underscored continued recovery in travel demand.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for Marriott International decreased compared to the preceding quarter, but rose when measured against the same quarter a year earlier. The sequential decline reflected typical seasonal patterns, while the year-over-year growth underscored continued recovery in travel demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.9%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $6.1B | +13.8% |
| Sep 30, 2023 | $5.9B | +11.6% |
| Dec 31, 2023 | $6.1B | +2.9% |
| Mar 31, 2024 | $6B | +6.4% |
Revenue performance
Revenue contracted sequentially, yet managed to post a year-over-year increase. The top-line performance was supported by higher fee revenues, including base management and franchise fees, as well as growth in cost reimbursement revenue.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined, reversing the prior period's increase. However, compared to the same quarter one year ago, revenue grew, marking the fourth consecutive quarter of year-over-year expansion.
What to watch
Monitor the trend in merger-related charges, which increased notably in the current quarter and may affect future profitability.