Marriott International raised its full-year room revenue growth forecast on Monday after posting stronger-than-expected second-quarter results, though a sharp decline in Middle East hotel revenue pulled its third-quarter profit guidance below analyst expectations.
The Bethesda, Maryland-based hotel company now projects its 2026 global RevPAR — a key lodging metric tracking average daily rate and occupancy — will come in 3% to 3.5% higher than last year, lifting the top end of its prior 2%-to-3% guidance range, the company said
For the full year, Marriott expects adjusted earnings of $11.64 to $11.81 per share, compared with a previous range of $11.38 to $11.63. Second-quarter adjusted net income totaled $844 million, or $3.19 per diluted share. Adjusted diluted EPS of $3.19 beat analyst estimates of $3.09, according to Reuters.
Total revenue for the quarter was $7.07 billion. Global RevPAR rose 3.4% in the second quarter, with U.S. and Canada RevPAR up 5%, driven by broad gains across chain scales and customer segments, the company said. International RevPAR declined 0.5%, as a 43% drop in the Middle East more than offset growth in other regions.