Marriott Q4 Earnings Miss, 2026 RevPAR Growth Guided at 1.5%-2.5%
Marriott International’s Q4 adjusted EPS and revenue both fell short of consensus estimates, driven by softer North American demand and elevated operating costs. For fiscal 2026 the company forecasts systemwide RevPAR growth of 1.5% to 2.5%, signaling cautious near-term recovery expectations.
1. Q4 Earnings Miss
Marriott reported adjusted EPS and total revenue below analyst forecasts in the fourth quarter, citing weaker group bookings and transient demand in North America. Management highlighted rising labor and utility costs as additional headwinds to margin expansion.
2. 2026 RevPAR Guidance
For the fiscal year ending 2026, Marriott projects systemwide revenue per available room to increase between 1.5% and 2.5%. The conservative outlook reflects management’s view of uneven global travel recovery and potential pricing pressure in key markets.