Marriott International Provides Financial Outlook Update Following Termination of Agreement with Sonder

Rhea-AI Summary

Marriott (NASDAQ: MAR) said its licensing agreement with Sonder was terminated after Sonder defaulted, and Marriott removed Sonder rooms from its system.

As a result, Marriott now expects net rooms growth for 2025 to approach 4.5%. Marriott said there are no changes to other outlook metrics provided on November 4, 2025.

Positive

• Net rooms growth now expected to approach 4.5% in 2025
• No changes to the rest of the November 4, 2025 outlook metrics

Negative

• Termination followed Sonder default, removing rooms from the system
• Rooms removal reduced Marriott's previously reported net rooms growth expectation

BETHESDA, Md., Nov. 9, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") was no longer in effect due to Sonder's default. 

With the removal of the Sonder rooms from Marriott's system, Marriott's net rooms growth for 2025 is now expected to approach 4.5 percent.  There are no changes to the rest of the outlook metrics that Marriott provided on November 4, 2025.

NOTE ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to our rooms growth and other financial metric estimates, outlook and assumptions; and similar statements concerning anticipated future actions and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors identified in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 

ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,700 properties across more than 30 leading brands in 143 countries and territories, as of September 30, 2025. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

MEDIA & INVESTOR RELATIONS CONTACTS
Maggie McNerney
Director, Media Relations
Marriott International
Maggie.McNerney@Marriott.com

Jackie Burka McConagha
Senior Vice President, Investor Relations
Marriott International
Jackie.Mcconagha@Marriott.com

Pilar Fernandez
Senior Director, Investor Relations
Marriott International
Pilar.Fernandez@Marriott.com

IRPR#1

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SOURCE Marriott International, Inc.

FAQ

What did Marriott (MAR) announce on November 9, 2025 about Sonder?

Marriott announced the licensing agreement with Sonder is no longer in effect due to Sonder default, and Sonder rooms were removed from Marriott's system.

How does the Sonder termination affect Marriott's 2025 rooms growth guidance (MAR)?

Marriott now expects net rooms growth for 2025 to approach 4.5% after removing Sonder rooms.

Did Marriott (MAR) change any other parts of its outlook after the Sonder update?

No. Marriott said there are no changes to the rest of the outlook metrics provided on November 4, 2025.

When did Marriott provide its prior outlook that remains unchanged (MAR)?

Marriott referenced its outlook disclosed on November 4, 2025 as unchanged except for rooms growth.

Will Marriott (MAR) update its forward-looking statements after the Sonder termination?

Marriott indicated its forward-looking statements are as of the press release date and it undertakes no obligation to update or revise them publicly.

What immediate operational impact did Marriott (MAR) report from removing Sonder rooms?

Marriott reported the operational impact as a reduction in net rooms growth for 2025, now approaching 4.5%.