Key Highlights

  • Third-quarter 2026 Net Income reached $794 million, versus $728 million in the prior-year period, and diluted EPS was $3.04 compared with $2.67.
  • Global RevPAR rose 6.5% during the quarter, while the U.S. and Canada grew 7.4% and luxury RevPAR advanced 12%.
  • Adjusted EBITDA climbed 12%, to $1.51 billion, while adjusted diluted EPS advanced 22% to $3.02.
  • Incentive management fees advanced 22% to $181 million, while gross fee revenues increased 14% to $1.52 billion.
  • The development pipeline hit a record of over 634,000 rooms, expanding more than 6% annually.

Luxury and Leisure Demand Power a 6.5% Global RevPAR Increase

Marriott International (NASDAQ:MAR) released third-quarter 2026 figures on Nov 2, 2026, covering the period that ended Sep 30, 2026. Total revenues reached $7.005 billion, compared with $6.49 billion a year before, an increase of around 8% (calculated). Net income came in at $794 million, with Diluted Earnings per Share rising to $3.04 from $2.67.

Management reported that worldwide RevPAR climbed 6.5%, while the U.S. and Canada advanced 7.4%, or 6.2% without World Cup markets. Luxury RevPAR was up 12%, while select service grew over 6%, and leisure RevPAR rose 7% worldwide.

Across international markets, RevPAR increased over 4%, with the Asia Pacific region leading at more than 9%. Europe grew over 6% while Greater China was roughly flat. The Middle East fell 12%, which is less severe than the over-40% decline seen in the second quarter.

Owned Hotel Income Shrinks as Incentive Fees Climb 22%

Gross fee revenues grew 14% to $1.52 billion, supported by stronger RevPAR, expanded room counts and fees from co-branded Credit cards. Incentive management fees reached $181 million, up 22%, where the U.S. and Canada were the main contributors and every international region also rose. Residential branding fees declined 35% because of when units were sold.

Owned, leased and other Revenue after expenses came to $41 million, compared with $70 million last year, reflecting property renovations and a second-quarter divestiture of one hotel in the United States.

Over the first nine months, net income totaled $2.21 billion, which equals $8.36 per diluted share.

Net Rooms Up 4.6% as Development Backlog Tops 634,000 Rooms

Over the twelve months ending Sep 30, 2026, net room count rose 4.6%. The worldwide development pipeline increased more than 6%, reaching a high of over 634,000 rooms, of which 278,000 were under construction.

Leadership continues to foresee full-year net room growth landing near the bottom of its earlier 4.5% to 5% band. The Middle East accounts for roughly 3% of open rooms and around 6% of the development pipeline.

Higher Full-Year Forecast and $4.8 Billion-Plus Shareholder Payouts Close 2026

For 2026 as a whole, worldwide RevPAR growth is now forecast at 4.5% to 5%, up from a 1.5% to 2.5% band issued at the beginning of the year. Gross fees should grow about 13%, adjusted EBITDA is seen rising near 13%, and per-share adjusted earnings land between 20% and 21%. Fourth-quarter adjusted EBITDA is projected to increase 12% to 14%, while a preliminary view for 2027 points to a 3.5% to 4.5% worldwide RevPAR increase.

During Q3 the company bought back 3.5 million shares worth $1.3 billion, and through Oct 28, 2026 it had repurchased 9.6 million shares at a cost of $3.4 billion, leaving 18.0 million shares under authorization. The $0.73 quarterly Dividend went out on Sep 30, 2026, and total Capital returns for the full year are expected to reach at least $4.8 billion.