Reimbursements — Operating costs
Marriott International Reimbursements — Operating costs increased by 9.1% to $5.17B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.9%, from $4.97B to $5.17B. Over 4 years (FY 2021 to FY 2025), Reimbursements — Operating costs shows an upward trend with a 17.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase reflects higher property-level operating costs being managed by the company, which should ideally be offset by equivalent reimbursement revenue, whereas a decrease indicates lower property-level spending.
Detailed definition
This metric captures the total operating expenses incurred by the company that are contractually eligible for reimbursem...
Peer comparison
Standard in the hotel management industry where operators manage property-level payroll and expenses on behalf of owners under cost-reimbursement agreements.
mar_segment_reimbursements_operating_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.26B | $2.92B | $3.32B | $3.18B | $3.83B | $3.79B | $4.35B | $4.14B | $4.37B | $4.24B | $4.68B | $4.50B | $4.65B | $4.68B | $4.97B | $4.72B | $4.87B | $4.74B | $5.17B |
| QoQ Change | — | +29.4% | +13.7% | -4.2% | +20.4% | -1.1% | +14.9% | -4.9% | +5.6% | -2.9% | +10.5% | -3.9% | +3.2% | +0.8% | +6.2% | -5.0% | +3.2% | -2.8% | +9.1% |
| YoY Change | — | — | — | — | +69.7% | +29.8% | +31.1% | +30.1% | +14.1% | +11.9% | +7.7% | +8.8% | +6.4% | +10.5% | +6.1% | +4.9% | +4.9% | +1.2% | +3.9% |
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Frequently Asked Questions
- What is Marriott International's reimbursements — operating costs?
- Marriott International (MAR) reported reimbursements — operating costs of $5.17B in Q4 2025.
- How has Marriott International's reimbursements — operating costs changed year-over-year?
- Marriott International's reimbursements — operating costs increased by 3.9% year-over-year, from $4.97B to $5.17B.
- What is the long-term trend for Marriott International's reimbursements — operating costs?
- Over 4 years (2021 to 2025), Marriott International's reimbursements — operating costs has grown at a 17.2% compound annual growth rate (CAGR), from $10.32B to $19.50B.
- What does reimbursements — operating costs mean?
- The total operating expenses incurred by the company that are contractually billable to property owners.