Marriott International Inc (NASDAQ:MAR) stock rose 0.89% (As on February 11, 11:16:26 AM UTC-4, Source: Google Finance) after the company posted mixed results for the fourth quarter of FY25. Revenues from Base management and Franchise fees were $343 million and $795 million, up 3% and 6% year over year, respectively. Increased RevPAR, higher co-branded credit card fees and unit growth backed this uptick. We estimated the metrics to be $349.4 million and $832.9 million, respectively. Incentive management fees were $239 million, reflecting a rise of 16% from $206 million reported in the prior-year quarter. At the fourth-quarter end, Marriott’s total debt totaled $16.2 billion compared with $14.4 reported in the prior quarter. Cash and cash equivalents, as of Dec. 31, 2025, were $0.4 billion, flat year over year. At the end of the fourth quarter, Marriott’s worldwide development pipeline totaled 4,056 hotels. As of the quarter’s end, about 1,648 properties with nearly 265,000 rooms were under construction.

Further, RevPAR for worldwide comparable system-wide properties rose 1.9% (in constant dollars) year over year. This upside was backed by a 2.5% increase in average daily rate (“ADR”), offset by a 0.4% fall in occupancy year over year. Comparable system-wide RevPAR in the Asia Pacific (excluding China) increased 8.8% (in constant dollars) year over year. Occupancy moved up 1% year over year, while ADR rose 7.3%. Comparable system-wide RevPAR in Greater China increased 3.4% year over year. On a constant-dollar basis, international comparable system-wide RevPAR increased 6.1% year over year. Occupancy and ADR gained 1% and 4.5%, respectively, year over year. Comparable system-wide RevPAR in Europe gained 3.4% year over year. RevPAR in the Caribbean & Latin America and the Middle East & Africa rose 2.1% and 12.8%, respectively, year over year.

MAR in the fourth quarter of FY25 has reported the adjusted earnings per share of $2.58, missing the analysts’ estimates for the adjusted earnings per share of $2.64. The company had reported the adjusted revenue growth of 4.1 percent to $6.69 billion in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $6.68 billion. Adjusted EBITDA amounted to $1.4 billion compared with $1.29 billion reported in the prior-year quarter.

For the first quarter, management anticipates gross fee revenues in the range of $1.37-$1.38 billion. Adjusted EBITDA is expected to be between $1.31 billion and $1.33 billion. MAR estimates first-quarter adjusted diluted EPS to be between $2.50 and $2.55. The company projects worldwide system-wide RevPAR to increase 1.5-2.5% year over year in 2026.