Marriott Lifts Full-Year Outlook as RevPAR Growth Drives Third-Quarter Beat

11:42 AM EST, 11/02/2026 (MT Newswires) -- Marriott International (MAR) on Monday raised its 2026 financial guidance above Wall Street's estimates following higher-than-expected third-quarter results, driven by strong revenue per available room, or revPAR. The hotel operator now expects full-year adjusted per-share earnings of $12.07 to $12.14, up from the previous $11.64 to $11.81 range and above the FactSet-polled estimate for $11.75. Marriott now guides worldwide revPAR to grow by 4.5% to 5%, compared with its previous growth outlook of 3% to 3.5%. Adjusted EPS rose to $3.02 in the September quarter from $2.47 a year earlier and surpassed the consensus of $2.84. Total revenue grew 8% to $7.01 billion, while analysts expected $6.93 billion. Worldwide revPAR climbed 6.5%, above the analyst average that called for 4.4%, with the metric in the US and Canada up 7.4% combined. The US and Canadian performance reflected strength in both World Cup and non-World Cup markets, Chief Executive Anthony Capuano said during an earnings conference call, according to a FactSet transcript. Excluding the World Cup, third-quarter revPAR in the US and Canada rose 6.2%, Capuano said on the call. The World Cup in June and July added about 45 basis points to full-year global revPAR, slightly more than the company had expected, Chief Financial Officer Jennifer Mason said on the call. Shares of Marriott rose 4.3% in Monday trading. The stock has gained about 34% so far this year. For the ongoing quarter, Marriott is looking at adjusted EPS of $3.14 to $3.21, while analysts expect $3.01. Worldwide revPAR growth is pegged at 4.5% to 5%. "In the US and Canada, we expect the strong demand trends that we saw in the third quarter across chain scales and customer segments to continue," Mason told analysts, though she flagged a possible "small" negative impact from the November midterm elections. Mason said the company's preliminary view is for 2027 global revPAR growth of 3.5% to 4.5%, with the World Cup comparison to be offset by easier comparisons in Europe, the Middle East and Africa. Marriott continues to expect net rooms growth at the "low end of 4.5% to 5%," an outlook that was previously tempered. "There had been some concern from investors that the guide would be slightly lowered again," Truist Securities said in a Monday note. Last month, Wyndham Hotels & Resorts (WH) raised its full-year 2026 earnings outlook even as it maintained its revenue guidance. Price: 415.25, Change: +15.95, Percent Change: +3.99