Marriott gains on higher annual growth forecast, Q3 beat
MAR•MAR•MAR•MAR•Marriott shares rose more than 3% premarket after third-quarter adjusted EPS of $3.02 and revenue of $7.01 billion beat estimates. The company raised its fiscal 2026 global RevPAR growth forecast to 4.5%-5% and expects adjusted EPS of $12.07-$12.14.
Marriott International shares rose more than 3% premarket after the hotel operator reported third-quarter adjusted EPS of $3.02, above analysts’ average estimate of $2.84, and revenue of $7.01 billion, compared with an estimate of $6.92 billion.
Marriott raised its fiscal 2026 global RevPAR growth view to 4.5%-5%. Global RevPAR was up 6.5%, above the company’s prior forecast of 3.5%-4%. Marriott expects fiscal 2026 adjusted EPS of $12.07-$12.14, versus an estimate of $11.73. Net rooms grew 4.5% year over year, and the development pipeline reached a record approximately 4,200 properties and 629,000 rooms.
