Second-quarter earnings topped estimates and Marriott lifted its 2026 RevPAR outlook, even as revenue missed forecasts and weakness in the Middle East weighed on international room demand.
Marriott International posted a second-quarter earnings beat and raised its full-year 2026 revenue-per-available-room forecast, signaling confidence in global travel demand despite softer international trends tied to the Middle East conflict. Adjusted earnings rose to $3.19 per share from $2.65 a year earlier, above the $3.09 analyst consensus, while revenue increased 5% to $7.07 billion but missed expectations of $7.20 billion. Global RevPAR rose 3.4%, with U.S. and Canada RevPAR up 5% on higher average daily rates, while international RevPAR slipped 0.5%. Anthony Capuano, president and chief executive officer, said EMEA RevPAR fell more than 5% as a 43% drop in the Middle East more than offset gains in Europe, while APEC RevPAR increased over 5% and Greater China RevPAR rose more than 3%. Marriott raised its 2026 RevPAR growth outlook to 3% to 3.5% from 2% to 3% and lifted its full-year adjusted EPS guidance to $11.64 to $11.81 from $11.38 to $11.63, though its third-quarter adjusted EPS forecast of $2.74 to $2.82 came in below the $2.87 analyst consensus. The company ended the quarter with more than 10,000 properties and nearly 1.814 million rooms, a record pipeline of 4,186 properties representing about 629,000 rooms, and more than 295 million Marriott Bonvoy members.