Marriott raises outlook after RevPAR grows 6.5% in third quarter

Marriott International's revenue per available room (RevPAR) rose 6.5% year on year in the third quarter of 2026, driven by 7.4% growth in the US and Canada and 4.4% internationally, with higher average daily rate and occupancy worldwide.

The company raised its full-year 2026 global RevPAR growth outlook to a range of 4.5% to 5%. Chief executive Anthony Capuano said travel demand had been remarkably robust this year despite geopolitical uncertainty, with broad-based growth across customer segments and chain scales.

Leisure RevPAR rose 7% globally and 9% in the US and Canada, group RevPAR rose 6% globally and 7% in the US and Canada, and business transient RevPAR rose 4% globally and 5% in the US and Canada, while luxury and resort hotels led growth in the US and Canada with a 12% increase. Chief financial officer Jen Mason said the World Cup in June and July supported the results.

On development, the hotel pipeline reached a record 634,000 rooms, up more than 6% year on year, and the company added about 20,100 net rooms in the quarter, representing 4.6% net rooms growth. Mason expects strong demand trends to continue in the fourth quarter across chain scales and customer segments in the US and Canada.

What do these terms mean?

Revenue per available room (RevPAR): The average revenue earned per available room, whether occupied or not, calculated by multiplying occupancy by average daily rate.

Average daily rate (ADR): The average price paid for an occupied room for one night, used to measure pricing power in the market.

Hotel pipeline: Rooms planned, under construction or signed under management contracts that will be added to the company's portfolio in future.