Marriott Lifts RevPAR Outlook After 6.5% Q3 Growth and $1.3 Billion Buyback
Marriott International raised its full-year revenue-per-room outlook after third-quarter RevPAR grew 6.5% worldwide, and the hotel giant bought back $1.3 billion of stock in the quarter.
Adjusted earnings were $3.02 per diluted share, up 22.3% from $2.47 a year earlier, Marriott said in an 8-K Monday. Reported net income was $794 million, or $3.04 per share, and adjusted EBITDA rose 12% to $1,512 million.
Demand broadens
RevPAR, or revenue per available room, rose 7.4% in the U.S. and Canada and 4.4% in international markets, according to the release. President and CEO Anthony Capuano said the Middle East conflict continued to weigh on that region, though trends improved meaningfully from the second quarter.
Net rooms grew 4.6% from a year earlier, and the development pipeline reached a record of more than 634,000 rooms, with 44% under construction.
Outlook and buybacks
Marriott now expects 2026 worldwide RevPAR growth of 4.5% to 5.0% and full-year adjusted EPS of $12.07 to $12.14. For the fourth quarter, it forecast adjusted EPS of $3.14 to $3.21.
The company repurchased 3.5 million shares for $1.3 billion in the third quarter and expects to return at least $4.8 billion to shareholders in 2026, according to its outlook.
By the numbers
- 6.5% worldwide RevPAR growth
- $3.02 adjusted EPS, up 22.3%
- $1,512 million adjusted EBITDA
- $12.07 to $12.14 2026 adjusted EPS outlook
- $1.3 billion of Q3 buybacks
Sources
- Marriott International Form 8-K with third-quarter 2026 earnings release, filed Nov. 2, 2026 (accession 0001048286-26-000040)
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