Marriott Lifts 2026 RevPAR Outlook After 6.5% Q3 Rise

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Marriott International has raised its full-year outlook after a strong third quarter. Worldwide RevPAR rose 6.5 percent in Q3 2026, and the company now expects global RevPAR growth of 4.5 to 5 percent for the year. Results were published on 2 November 2026.

The numbers

  • RevPAR: up 6.5 percent worldwide, 7.4 percent in the US & Canada and 4.4 percent in international markets

  • Net income: $794 million reported, up 9 percent from $728 million; Adjusted net income $790 million, against $674 million

  • Diluted EPS: $3.04 reported, against $2.67; Adjusted diluted EPS $3.02, against $2.47

  • Adjusted EBITDA: $1,512 million, up 12 percent from $1,349 million

  • Franchise and base management fees: $1,341 million, up 13 percent from $1,190 million, driven mainly by higher co-branded credit card fees, RevPAR and rooms growth

  • Incentive management fees: $181 million, up 22 percent from $148 million

Growth

Marriott added roughly 20,100 net rooms in the quarter, including over 13,400 in international markets, and net rooms grew 4.6 percent from the end of the third quarter of 2025. The system now totals over 10,200 properties with nearly 1,834,000 rooms. The development pipeline hit a record 4,209 properties with more than 634,000 rooms, 44 percent of them under construction, counting hotels pending conversion. Marriott Bonvoy reached approximately 309 million members.

The company repurchased 3.5 million shares for $1.3 billion in the quarter. Year-to-date through 28 October, it has returned approximately $4.0 billion to shareholders through dividends and buybacks.

"Our excellent third quarter results reflected continued momentum across our business, the benefits of our global scale, and the power of our brands and revenue engines." – Anthony Capuano, President and CEO, Marriott International

Capuano said APEC led international growth with RevPAR up over 9 percent on robust international inbound demand, and EMEA rose over 4 percent on solid growth in Europe. The conflict in the Middle East continued to weigh on that region, though trends improved meaningfully from the second quarter. Conversions made up over a third of signings and over 40 percent of openings in the first nine months, and the company recorded record global organic signings year to date through September.

Images: courtesy of Marriott International (The Cape Town EDITION)