The company said the decline in quarterly net income was mainly due to a decrease in operating profit and other incomes, while reduced advertising funds revenue, franchise royalty revenue and franchise fees weighed on the top line.
Comparable sales rose 3.1% overall, powered by a sizzling 6.1% jump at its international segment and steady gains at Tim Hortons Canada and Burger King U.S.
The company is piloting boutique and independent hotel listings in cities where short-term rental regulations have tightened.
International operated markets delivered their third consecutive quarter above 4% growth, led by the U.K., Germany, and Australia, each posting mid- to high-single-digit gains. International developmental licensed markets, including China and Brazil, grew 4.5%.
As the travel landscape evolves, Marriott’s scale, diverse brand portfolio, and Bonvoy loyalty program, one of the world’s largest, position it to capitalize on both leisure and business travel trends, maintaining its status as a defining force in global hospitality.
Digital sales remained a critical pillar, accounting for 36.7% of total food and beverage revenue, underscoring the enduring importance of off-premise channels.
KitchenAI analyzes a comprehensive data set, including item-level cooking times, kitchen display system (KDS) activity, historical performance patterns, and real-time production pace, to generate precise estimates for when orders will be ready.
Globally, comparable store sales grew 4%, fueled by a 3% increase in transactions and a 1% rise in average ticket size, with International comparable sales rising 5%.
The company’s strategy involves a trio of targeted investment approaches: bolt-on expansions within Africa, a transformative acquisition in Europe, and an incubator investment in the Caribbean.
Middle Eastern airlines led with 9.6% demand growth, 9.2% capacity rise, and 81.4% load factor, up 0.3 points compared to the previous year.