Marriott International stock gets outlook lift after strong Q3

Marriott International reported stronger third-quarter results on November 2, 2026, and raised its full-year outlook after continued travel demand supported room rates and occupancy. The company said worldwide comparable systemwide RevPAR increased 6.5 percent from the year-earlier quarter, while the U.S. and Canada rose 7.4 percent and international markets gained 4.4 percent.

The figures were released by Marriott International. Chief Executive Officer Anthony Capuano said the quarter reflected momentum across the business, higher average daily rates and occupancy, and continued strength across customer segments and chain scales.

Higher fees support earnings growth

Reported revenue rose 8 percent year over year to 7.005 billion US dollars. Reported net income increased 9 percent to 794 million US dollars, while diluted earnings per share climbed to 3.04 US dollars from 2.67 US dollars in the third quarter of 2025. Adjusted net income reached 790 million US dollars, compared with 674 million US dollars a year earlier, and adjusted diluted earnings per share rose to 3.02 US dollars from 2.47 US dollars.

Gross fee revenues increased 14 percent to 1.522 billion US dollars. Franchise and base management fees rose 13 percent to 1.341 billion US dollars, while incentive management fees advanced 22 percent to 181 million US dollars. Adjusted EBITDA increased 12 percent to 1.512 billion US dollars. Marriott said the adjusted figures exclude cost reimbursement revenue, reimbursed expenses and certain impairment charges.

Owned, leased and other revenue net of related expense fell to 41 million US dollars from 70 million US dollars. Marriott attributed the decline to renovations, the sale of a U.S. and Canada hotel in the second quarter and higher costs linked to a third-party agreement, partly offset by a 12 million US dollar expected insurance recovery.

RevPAR outlook moves higher

Marriott now expects worldwide RevPAR to grow 4.5 to 5.0 percent in the fourth quarter and across full-year 2026. The full-year outlook also calls for adjusted EBITDA of 6.075 billion to 6.098 billion US dollars and adjusted diluted earnings per share of 12.07 to 12.14 US dollars. The company expects to return at least 4.8 billion US dollars to shareholders during 2026, assuming the stated investment plan and no additional property or brand acquisitions.

Development remains a central growth driver. Marriott added 20,100 net rooms during the quarter, including more than 13,400 in international markets. Net rooms grew 4.6 percent from the end of the third quarter of 2025. At quarter-end, the pipeline included 4,209 properties and more than 634,000 rooms, with 44 percent of pipeline rooms under construction, including hotels pending conversion. Marriott Bonvoy membership reached approximately 309 million at quarter-end.

What the results mean for investors

The results reinforce Marriott's fee-based model, in which higher property-level demand, room growth and loyalty activity can support fee income without requiring broad ownership of hotel real estate. The stronger outlook is positive for earnings visibility, although debt stood at 16.8 billion US dollars at quarter-end and the company continues to rely on healthy travel demand and development execution.

Marriott International stock traded at 384.48 euros on Lang & Schwarz at 14:09 CET on Wednesday, November 11, 2026.

Marriott International at a glance

• Company: Marriott International, Inc.
• ISIN: US5719032022
• Ticker: MAR
• Home exchange: Nasdaq
• Latest quoted price: 384.48 euros on Lang & Schwarz at 14:09 CET on Wednesday, November 11, 2026
• Third-quarter RevPAR growth: 6.5 percent worldwide
• Full-year 2026 RevPAR outlook: 4.5 to 5.0 percent growth

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