Marriott Lowers Full-Year Outlook
Skift Take
Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. Plus more hotel deals and development news.
The DJIA fell 62 points while the Nasdaq was down 137, the S&P 500 fell 31 points, and the 10-year treasury yield was flat at 4.20%. Lodging stocks were modestly lower. On the earnings side, out of the three that reported, the one with the best report, VAC, was the only one in negative territory, as MAR and RHP both squeaked out gains on the day. SVC was the biggest mover in the group, up 5%.
Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. They also lowered 2025 adjusted EBITDA guidance slightly, with the cut being for a weaker-than-expected 3Q as MAR expects an acceleration in 4Q. MAR repurchased 2.8 million shares in 2Q for $700 million. MAR expects to return $4 billion in capital to shareholders for the year with share repurchases and dividends.
Ryman Hospitality Properties reported better-than-expected 2Q25 results but cut net income
