Marriott Q1 revenue slightly beats, adjusted EPS tops estimates

Marriott International

06/05/2026 12:12

Overview

Hotel operator's Q1 revenue slightly beat analyst expectations

Adjusted net income and adjusted EPS beat analyst expectations

Company added 15,900 net rooms globally and repurchased 2.1 mln shares for $0.7 bln

Outlook

Marriott expects full-year 2026 comparable systemwide constant $ RevPAR growth of 2.0% to 3.0%

Company sees 2026 net rooms growth of 4.5% to 5%

Marriott forecasts full-year 2026 adjusted EPS of $11.38 to $11.63

Result Drivers

REVPAR GROWTH - Q1 global RevPAR rose 4.2%, driven by gains in both average daily rate and occupancy, with U.S. & Canada up 4.0% and international up 4.6%

FEE INCOME - Franchise and base management fees rose 13% year-over-year, mainly due to higher co-branded credit card fees, room growth and higher RevPAR

LOYALTY PROGRAM - Marriott Bonvoy membership grew to nearly 283 mln members, supporting customer engagement and value to hotel owners

Company press release: ID:nPn2pMCH3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$6.65 bln
$6.59 bln (16 Analysts)
Q1 Adjusted EPS
Beat
$2.72
$2.55 (21 Analysts)
Q1 EPS
$2.43
Q1 Adjusted Net Income
Beat
$726 mln
$675.05 mln (16 Analysts)
Q1 Net Income
$648 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

Wall Street's median 12-month price target for Marriott International Inc is $378.50, about 6.8% above its May 5 closing price of $354.52

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)