Marriott International reports a strong third quarter

Reported net income totaled $630 million in the 2022 third quarter, compared to 2021 third quarter reported net income of $220 million.  Reported diluted earnings per share (EPS) totaled $1.94 in the quarter, compared to reported diluted EPS of $0.67 in the year-ago quarter.

Adjusted operating income in the 2022 third quarter totaled $815 million, compared to 2021 third quarter adjusted operating income of $527 million.  Adjusted operating income in the 2021 third quarter excluded impairment charges of $11 million.

Adjusted EBITDA totaled $985 million in the 2022 third quarter, compared to third quarter 2021 adjusted EBITDA of $683 million

The company added roughly 14,000 rooms globally during the third quarter, including approximately 8,700 rooms in international markets and nearly 3,900 conversion rooms.

During the third quarter, Marriott repurchased 6.2 million shares of common stock for $950 million.  Year-to-date through October 31, the company has returned $1.9 billion to shareholders.