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This statistic highlights Marriott International’s Number of Rooms, split across the US & Canada, International, Asia Pacific, and Europe, the Middle East and Africa (EMEA), reported on a quarterly basis from Q1 2016 onwards.
Marriott earns its base management fees and, under several agreements, incentive management fees from the company-managed properties. Furthermore, they earn franchise fees on the properties operated by others under franchise agreements with them. For Marriott’s hotel properties in regions such as Asia Pacific, Africa, and Middle-East excluding China, and Greater China regions, incentive management fee mainly comprises a percentage of gross operating profit, not including adjustment for a specified owner return. One of their main measures of performance is Revenue per Available Room (RevPAR) which is calculated by dividing the sale of rooms for their comparable properties by room nights that are available for a particular period.
Marriott’s total number of rooms stood at 1.45 million in Q4 2021. This was a marginal increase from 1.44 million in the prior quarter, growing by a mere 1.39%.
In the recent past, the company has had only two reportable geographic segments—the United States & Canada and the International regions, despite their properties in the Asia-Pacific and EMEA, they do not comprise their formal reportable segments. The COVID-19 pandemic had a severe impact on the travel industry thereby significantly impacting Marriott revenues as well.
Marriott International’s number of rooms can be further bifurcated into the following regions:
|Revenue by Region||Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 201|
|US & Canada||0.92||0.93||0.94||64.95%|
(All figures are in millions, except percentages)
United States & Canada
In the above-mentioned timeline, North America—comprising the US and Canada, has been Marriott’s major holder of rooms. The revenue consistently grew through the quarters. It peaked in Q4 2021, standing at 0.94 million rooms, which comprised around 65% of the quarterly total. The figure grew from 0.93 million rooms in Q3 2021 to 0.94 million rooms in Q4 2021, thereby marking a rather low quarter-on-quarter growth of 0.85%. The number of rooms grew on a year-over-year basis from 0.92 million in Q4 2020 to 0.94 million in Q4 2021, making a rise of 2.38%.
This geographic segment of Marriott International contributes around 35% to the total number of rooms in the latest quarter of Q4 2021. Its contribution has also grown through the quarters, as demonstrated in the above-mentioned timeline. The number of rooms in the international regions was recorded at 0.51 million in Q4 2021. The number of rooms in Q3 2021 was recorded at 0.50 million, which grew by 1.39% on a quarterly basis, till the subsequent quarter of Q4 2021. The year-on-year revenue growth from 0.42 million in Q4 2020 to 0.51 million in 2021 was 20.28%.
Marriott International was founded in 1927 by J. Willard Marriott, Alice Marriott. The company is an American multinational company. It is a worldwide operator, licensor, and franchisor of residential properties, hotels as well as timeshare properties under several brand names which are present at various price and service points. They focus on licensing, franchising, and management, and thus, they actually own very few of their lodging properties. Its subsidiaries include Ritz-Carlton Hotels, Sheraton Hotels, Westin Hotels, Aloft Hotels, Starwood, Four Points by Sheraton, etc. The company’s headquarters are located in Bethesda, Maryland. Marriott International is listed on NASDAQ (National Association Securities Dealers AutomatedQuotations) under the ticker symbol ‘MAR’.
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