• Marriott average return on tangible equity for 2023 was -16.45, a 39.64% decline from 2022.
• Marriott average return on tangible equity for 2022 was -11.78, a 407.76% increase from 2021.
• Marriott average return on tangible equity for 2021 was -2.32, a 20.21% 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.