Marriott expects lower net rooms growth after Sonder's defaulf

[Marriott Acquires Starwood Hotels For $12.2 Billion]
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Marriott International (MAR [https://seekingalpha.com/symbol/MAR]) updated its financial outlook [https://seekingalpha.com/pr/20299737-marriott-international-provides-financial-outlook-update-following-termination-of-agreement] for 2025 following the termination of its licensing agreement with Sonder (SOND [https://seekingalpha.com/symbol/SOND]), which was ended due to Sonder's default.

As a direct result, Marriott's (MAR [https://seekingalpha.com/symbol/MAR]) net rooms growth forecast for 2025 has been reduced and is now expected to approach 4.5%, earlier the figure was 5%.

The company said that there will be no changes to other metrics previously provided on November 4. [https://seekingalpha.com/news/4514514-marriott-outlines-1-percent-2-percent-q4-revpar-growth-and-anticipates-1_5-percent-2_5]

Sonder (SOND [https://seekingalpha.com/symbol/SOND]) manages short-term rentals, such as apartment hotels, mainly in North America, Europe, and Dubai. Marriott (MAR [https://seekingalpha.com/symbol/MAR]) removed Sonder (SOND [https://seekingalpha.com/symbol/SOND]) rooms from its system, and its properties are no longer available for booking on Marriott (MAR [https://seekingalpha.com/symbol/MAR]) channels or affiliated with the Bonvoy loyalty program.

Sonder (SOND [https://seekingalpha.com/symbol/SOND]) faces significant operational and valuation impacts, losing Marriott's (MAR [https://seekingalpha.com/symbol/MAR]) booking channel support and broader affiliate benefits.

MORE ON MARRIOTT, SONDER

* Marriott International: Valuation And Price Consolidation Still Warrant Caution [https://seekingalpha.com/article/4838184-marriott-international-valuation-and-price-consolidation-still-warrant-caution]
* Marriott International, Inc. (MAR) Q3 2025 Earnings Call Transcript [https://seekingalpha.com/article/4837454-marriott-international-inc-mar-q3-2025-earnings-call-transcript]
* Marriott International: Not In The Buying Zone Yet [https://seekingalpha.com/article/4830614-marriott-international-not-in-the-buying-zone-yet]
* Marriott outlines 1%–2% Q4 RevPAR growth and anticipates 1.5%–2.5% increase for full year 2025 while advancing global signings [https://seekingalpha.com/news/4514514-marriott-outlines-1-percent-2-percent-q4-revpar-growth-and-anticipates-1_5-percent-2_5]
* Marriott Non-GAAP EPS of $2.47 beats by $0.08, revenue of $6.49B beats by $30M [https://seekingalpha.com/news/4514092-marriott-non-gaap-eps-of-2_47-beats-by-0_08-revenue-of-6_49b-beats-by-30m]