G&A expenses declined 1% year-over-year due to lower compensation costs and efficiency initiatives.
International RevPAR rose over 5%, led by APAC (+9%) and EMEA (+7%), while Greater China declined 0.5%.
Marriott reported strong Q2 2025 financial results, with global RevPAR rising 1.5% driven by nearly 2% ADR growth, offsetting a 30 basis point decline in occupancy.
Owned, leased, and other revenue net of expenses rose 14%, driven by Sheraton Grand Chicago contributions and favorable currency impacts.
RevPAR growth was strongest in luxury (+4%) and weakest in select service and extended stay segments (-1.5%) primarily due to government demand declines.
Total gross fee revenues increased 4% year-over-year to $1.4 billion, with incentive management fees rising 3% to $200 million.
U.S. and Canada RevPAR was flat year-over-year, growing nearly 1% when adjusting for Easter timing.
For Q3, the company expects 4-6% revenue growth and 19-21% adjusted EBITDA margin, with specific growth expectations for Viator, Tripadvisor, and TheFork.
Viator anticipates high single-digit revenue growth and a 16-18% EBITDA margin, with bookings improving sequentially in July.
The company remains confident about revenue reacceleration in Q4 despite tough comps, driven by healthy booking trends and ongoing product enhancements.
Dafinchi