Marriott International, Inc. Q3 2026 Earnings Recap

Marriott’s shares rose 4.3% after earnings, as third-quarter RevPAR growth exceeded the company’s prior expectations and management raised its full-year RevPAR outlook. Growth was broad-based, though performance remained uneven in some markets, including a 12% RevPAR decline in the Middle East and roughly flat results in Greater China.

Key Takeaways

• Global third-quarter RevPAR increased 6.5%; U.S. and Canada rose 7.4% (6.2% excluding World Cup markets), while international RevPAR grew more than 4%.
• RevPAR gains spanned customer segments: global leisure rose 7%, group 6%, and business transient 4%.
• Marriott raised its 2026 global RevPAR growth forecast to 4.5%–5%, from its initial 1.5%–2.5% range.
• The pipeline reached a record of more than 634,000 rooms, up over 6% year over year; net room growth for 2026 is still expected toward the low end of the prior 4.5%–5% range.
• Regional weakness persisted: Greater China RevPAR was around flat amid uneven consumer spending and typhoon impacts, while Middle East RevPAR fell 12%, an improvement from a decline of over 40% in Q2.