Marriott International, Inc. Earnings Recaps
Q1 2026
May 7, 2026
Marriott’s stock declined modestly by 0.8% following the Q1 2026 earnings report, reflecting investor caution despite modest RevPAR growth and a raised full-year guidance, likely due to ongoing geopolitical risks and a cautious outlook on regional performance.
Key takeaways
- Global RevPAR increased 4.2% year-over-year, with the U.S. and Canada up 4%, led by nearly 7% growth in luxury and 3.5% in select service segments.
- International RevPAR rose 4.6%, driven by strong increases in APAC (+7%) and Greater China (nearly +6%), offset partly by Middle East weakness where March RevPAR fell over 30%.
- Full-year global RevPAR guidance was raised to 2% to 3% growth, indicating tempered expectations amid geopolitical uncertainty.
- Development remained robust with record first-quarter global signings up 9% year-over-year and a record pipeline of nearly 618,000 rooms, with 43% under construction.
- Continued investment in technology and AI aims to improve customer engagement and operational efficiency, though these initiatives are early-stage and the impact remains to be seen.
Q3 2025
Nov 4, 2025
Marriott International reported better-than-expected Q3 results, fueled by robust global development and strong performance in the luxury segment, despite modest overall RevPAR growth amid macroeconomic uncertainties.
Key takeaways
- Global RevPAR increased 0.5%, with international RevPAR up 2.6%, while the U.S. & Canada saw a slight decline of 0.4%.
- The company expanded its global portfolio by 4.7% year-over-year, reaching over 1.75 million rooms, with nearly 596,000 rooms in the pipeline.
- Luxury segment RevPAR rose 4%, driven by resilient high-end consumer demand, contrasting with weaker performance in select service brands.
- Marriott Bonvoy membership grew to nearly 260 million, a significant 18% increase year-over-year, enhancing guest engagement and loyalty.
- RevPAR is projected to accelerate with expected growth of 1% to 2% in Q4, indicating a positive outlook for full-year performance.