Marriott beats Q4 top and bottom line estimates; initiates Q1 and FY23 outlook
Marriott press release (NASDAQ:MAR): Q4 Non-GAAP EPS of $1.96  beats by $0.14.
Revenue of $5.92B (+33.0% Y/Y)  beats by $540M.
Fourth quarter 2022 comparable systemwide constant dollar RevPAR increased 28.8 percent worldwide, 23.6 percent in the U.S. & Canada, and 45.1 percent in international markets, compared to the 2021 fourth quarter.

Fourth quarter 2022 comparable systemwide constant dollar RevPAR increased 4.6 percent worldwide, 5.2 percent in the U.S. & Canada, and 3.4 percent in international markets, compared to the 2019 fourth quarter.
Adjusted EBITDA totaled $1,090 million in the 2022 fourth quarter, compared to fourth quarter 2021 adjusted EBITDA of $741 million.
The company added more than 65,000 rooms globally during 2022, including approximately 40,000 rooms in international markets and nearly 17,500 conversion rooms. Net rooms grew 3.1 percent from year-end 2022.

Q1 Outlook: Comparable systemwide constant $ RevPAR gowth:Worldwide growth of 30% to 32%
U.S. & Canada 25% to 27%
International 47% to 49%.
Adjusted EPS â diluted of $1.82 to $1.88 vs. consensus of $1.66

FY23 Outlook: Comparable systemwide constant $ RevPAR gowth:Worldwide growth of 6% to 11%.
U.S. & Canada 5% to 9%
International 12% to 18%.
Gross rooms growth: approx. 5.5%
Deletions 1% to 1.5%
Net rooms growth 4% to 4.5%
Adjusted EPS â diluted of $7.23 to $7.91 vs. consensus of $7.47.