Marriott International, Inc. (MAR) Q3 2022 Earnings Call Transcript

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Q3: 2022-11-03 Earnings Summary

EPS of $1.69 beats by $0.01
 | Revenue of $5.31B (34.64% Y/Y) misses by $13.50M

Marriott International, Inc. (NASDAQ:MAR) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET

Company Participants

Jackie McConagha - SVP, IR
Anthony Capuano - CEO & Director
Kathleen Oberg - CFO & EVP, Business Operations

Conference Call Participants

Shaun Kelley - Bank of America Merrill Lynch
Joseph Greff - JPMorgan Chase & Co.
Robin Farley - UBS
William Crow - Raymond James & Associates
Charles Scholes - Truist Securities
David Katz - Jefferies
Brandt Montour - Barclays Bank
Duane Pfennigwerth - Evercore ISI
Smedes Rose - Citigroup

Operator

Good day, everyone, and welcome to today's Marriott International's Third Quarter 2022 earnings. [Operator Instructions]. Please note, this call may be recorded. It is now my pleasure to turn today's program over to Jackie Burka, Senior Vice President of Investor Relations. Please go ahead.

Jackie McConagha

Thank you. Good morning, everyone, and welcome to Marriott's Third Quarter 2022 Earnings Call. On the call with me today are Tony Capuano, our Chief Executive Officer; Leeny Oberg, our Chief Financial Officer; and Executive Vice President, Business Operations; and Betsy Dahm, our Vice President of Investor Relations.

I will remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our SEC filings, which could cause future results to differ materially from those expressed in or implied by our comments. Statements in our comments and the press release we issued earlier today are effective only today and will not be updated as actual events unfold. Please also note that unless otherwise stated, our RevPAR occupancy and average daily rate comments reflect system-wide constant currency results for comparable hotels and include hotels temporary closed due to COVID-19.

RevPAR occupancy and ADR comparisons between

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