• Marriott average return on tangible equity for 2023 was -16.54, a 23.8% decline from 2022.
• Marriott average return on tangible equity for 2022 was -13.36, a 231.51% increase from 2021.
• Marriott average return on tangible equity for 2021 was -4.03, a 1289.66% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.