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Marriott International (NASDAQ:MAR) Hits New 1-Year High on Earnings Beat
Marriott said higher room rates and occupancy drove a 6.5% global RevPAR increase and lifted quarterly profit above Wall Street estimates.
- On Monday, Marriott International reported third-quarter profit of $794 million and raised its full-year 2026 global RevPAR growth outlook to 4.5%-5%, citing robust travel demand.
- Global RevPAR increased 6.5% year over year, driven by higher average daily rates and occupancy levels, with CEO Anthony Capuano noting "broad-based growth across customer segments and chain scales."
- Marriott's development pipeline reached a record of over 634,000 rooms, with conversions representing over 40% of room openings in the first nine months of 2026.
- A Marriott spokesperson told Hotel Dive last week that the company expects "job reductions and role changes" as part of a "regular budget and planning process."
- Management provided a preliminary 2027 global RevPAR growth view of 3.5%-4.5% while expanding the use of AI to enhance guest experiences and property-level economics.
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12 Articles
12 Articles
Marriott lifts annual room revenue growth forecast on resilient travel ...
·London, United Kingdom
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Marriott: Q3 Earnings Snapshot – WTOP News
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Monday reported third-quarter profit of $794 million. The Bethesda, Maryland-based company said it had profit of $3.04 per share. Earnings, adjusted for non-recurring gains, were $3.02 per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.86 per share. The hotel company…
·Chevy Chase, United States
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Total News Sources12
Leaning Left1Leaning Right2Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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