Marriott raises full-year RevPAR forecast after Q2 earnings beat

Marriott raises full-year RevPAR forecast after Q2 earnings beat

Mon, August 3, 2026 at 4:06 PM GMT+3 2 min read

• MAR -5.01%

Marriott International raised its full-year room revenue growth forecast on Monday after posting stronger-than-expected second-quarter results, though a sharp decline in Middle East hotel revenue pulled its third-quarter profit guidance below analyst expectations.

The Bethesda, Maryland-based hotel company now projects its 2026 global RevPAR — a key lodging metric tracking average daily rate and occupancy — will come in 3% to 3.5% higher than last year, lifting the top end of its prior 2%-to-3% guidance range, the company said. For the full year, Marriott expects adjusted earnings of $11.64 to $11.81 per share, compared with a previous range of $11.38 to $11.63.

Second-quarter adjusted net income totaled $844 million, or $3.19 per diluted share. Adjusted diluted EPS of $3.19 beat analyst estimates of $3.09, according to Reuters. Total revenue for the quarter was $7.07 billion.

Global RevPAR rose 3.4% in the second quarter, with U.S. and Canada RevPAR up 5%, driven by broad gains across chain scales and customer segments, the company said. International RevPAR declined 0.5%, as a 43% drop in the Middle East more than offset growth in other regions. In Europe, RevPAR rose, while the Asia Pacific region excluding China posted gains of more than 5% and Greater China increased more than 3%.

For the third quarter, Marriott forecast adjusted earnings of $2.74 to $2.82 per share, coming in under the $2.87 analyst consensus, according to Reuters. The company projected third-quarter worldwide RevPAR growth of 3.5% to 4%.

Marriott stock fell more than 4.5% in premarket trading on Monday.

The company's development pipeline reached a record approximately 629,000 rooms across roughly 4,200 properties at the end of the second quarter, up nearly 7% from a year earlier, with 44% of pipeline rooms under construction. Marriott added roughly 17,900 net rooms during the quarter, bringing its global system to over 10,000 properties and nearly 1,814,000 rooms.

Marriott's Bonvoy loyalty program grew to more than 295 million members at quarter-end. Marriott noted that its revised guidance reflects a partial-year contribution from newly signed deals with JPMorgan Chase and American Express covering its U.S. co-branded credit card program. Year-to-date through July 29, Marriott returned approximately $2.6 billion to shareholders through dividends and share repurchases, the company said.