Marriott beats Q3 estimates and raises full-year guidance; shares jump 8% on record RevPAR growth (Nov 2)
What happened
Marriott International reported Q3 2026 results before the open on Monday, November 2: revenue of $7.01 billion (+8% YoY) and adjusted EPS of $3.02, beating consensus by ~6% ($2.85–2.86 estimated). Worldwide RevPAR grew 6.5% on higher rates (ADR +4.8%) and occupancy (up 1.1 pts to 72.5%), with U.S. & Canada up 7.4% and international markets up 4.4%. Gross fee revenue rose 14% and adjusted EBITDA climbed 12% to $1.512 billion. Management raised full-year adjusted EPS guidance to $12.11 at the midpoint (+3.2% lift) and guided EBITDA to $6.09 billion, above consensus. The development pipeline hit a record 634,000+ rooms, net rooms grew 4.6% YoY, and the company returned ~$4.0 billion to shareholders year-to-date through October 28 via buybacks ($3.4B) and dividends. Shares jumped about 8% Monday morning.
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Start your free 14-day trialWho’s affected
- MAR (Marriott — jumped ~8%, among the top Nasdaq-100 performers Monday morning, on the beat-and-raise)
- Hotel/travel complex (Hilton, Hyatt and peers typically read across on RevPAR strength and travel-demand signals)
- Consumer-discretionary — strong U.S. & Canada RevPAR (+7.4%) is a positive datapoint for domestic consumer spending resilience