Marriott International Reports Second Quarter 2026 Results
Marriott International, Inc. reported second quarter 2026 results.
Financial Results
- RevPAR: Up 3.4% worldwide; +5.0% in U.S. & Canada, ‑0.5% internationally.
- EPS: Reported diluted EPS $2.90; Adjusted diluted EPS $3.19.
- Net Income: Reported $766M; Adjusted $844M.
- Adjusted EBITDA: $1.592B, +13% year‑over‑year.
Growth & Pipeline
- Added ~17,900 net rooms globally in Q2; system now exceeds 10,000 properties with ~1.814M rooms.
- Pipeline reached a record 4,186 properties / ~629,000 rooms, with 44% under construction.
- Conversions remain a major driver (over a third of signings, 40% of openings).
Strategic & Operational Notes
- Bonvoy Loyalty Program: Membership grew to 295M+ members; new long‑term U.S. co‑branded credit card agreements with JPMorgan Chase & AmEx.
- Regional Performance:
- U.S. & Canada: Broad‑based RevPAR growth.
- EMEA: ‑5% RevPAR, driven by a steep 43% decline in the Middle East.
- APEC: +5% RevPAR, strong leisure and intra‑regional travel.
- Greater China: +3% RevPAR, led by luxury and key markets (Hong Kong, Taiwan, Hainan).
- Shareholder Returns: Repurchased 3M shares for $1.1B in Q2; $2.6B returned YTD via dividends and buybacks.
Outlook
- Raised full‑year global RevPAR growth expectation to 3–3.5%.
- Confident in long‑term growth supported by scale, brand strength, loyalty program, and robust pipeline.
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