Why Marriott International Shares Are Falling Today

Marriott International (NASDAQ:MAR) reported fourth-quarter adjusted earnings per share of $3.57, beating the analyst consensus of $2.12.

The company reported revenue of $6.095 billion, missing the consensus of $6.20 billion.

Fourth quarter 2023 comparable systemwide constant dollar RevPAR increased 7.2% worldwide, 3.3% in the U.S. & Canada, and 17.4% in international markets, compared to the 2022 fourth quarter.

Adjusted EBITDA totaled $1.197 billion in the 2023 fourth quarter, compared to year-ago adjusted EBITDA of $1.090 billion.

Adjusted …

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