Marriott Provides Financial Outlook Update Following Termination of Agreement with Sonder

Marriott International Inc. (NASDAQ: MAR) announced that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND) is no longer in effect due to Sonder's default on the agreement terms.

The termination affects Marriott's projected room inventory growth for 2025. With Sonder rooms removed from its system, Marriott now expects net rooms growth of approximately 4.5 percent for the year. The company stated that all other financial outlook metrics provided on November 4, 2025, remain unchanged.

Marriott operates a portfolio of over 9,700 properties across more than 30 brands in 143 countries and territories as of September 30, 2025. The company is based in Bethesda, Maryland.

The information comes from a company press release issued November 9, 2025.

You May Also Be Interested In

• Micron names two new presidents in executive leadership shuffle
• Kraft Heinz to move stock listing from Nasdaq to NYSE in 2026
• NextTrip launches its Journy TV channel on YouTube with 50,000 subscribers