Marriott raises full-year RevPAR forecast after Q2 earnings beat
Marriott International raised its 2026 RevPAR growth forecast to 3.0% to 3.5% from 2.0% to 3.0% after Q2 results beat expectations, according to the company. Full-year adjusted EPS is now $11.64 to $11.81. Q2 adjusted net income was $844M, or $3.19 per diluted share, on $7.07B revenue. Q3 guidance missed consensus due to Middle East weakness.
How this was made
The 30-second read
Why it matters
The company’s full-year RevPAR and adjusted EPS ranges were lifted after Q2 outperformance, but Q3 adjusted earnings guidance came in below analyst consensus due to a sharp Middle East hotel revenue decline.
Market read
Traders can reprice MAR around the updated RevPAR and EPS ranges, while monitoring how much the Middle East drag persists into Q3.
What to watch
Credit-card co-brand deal contribution (JPMorgan Chase and American Express) and the pipeline growth could support longer-term RevPAR, but the article does not quantify how much of the near-term EPS change is structural versus timing.
Background
Marriott uses RevPAR (average daily rate times occupancy) as a core lodging demand metric and provides quarterly adjusted EPS guidance.
Ticker impact
Marriott raised its 2026 global RevPAR growth forecast to 3% to 3.5% and lifted full-year adjusted EPS to $11.64 to $11.81 after a Q2 beat.
Likely supports upside bias for MAR into the next few sessions, with volatility around Q3 expectations given the Middle East headwind.
The article provides explicit forecast ranges for RevPAR and adjusted EPS for full-year and Q3, and notes premarket stock weakness despite the beat, implying the market is weighing the regional profit drag.
Market effects
Signals continued demand strength in the U.S. and parts of international travel, while Middle East softness remains a key swing factor for lodging earnings.
U.S. and Canada RevPAR strength contrasts with a sharp Middle East decline that is pressuring near-term profit outlook.
International RevPAR is mixed, with Europe and Asia Pacific ex-China improving while Greater China and the Middle East lag.
Counterpoint
The guidance raise may be offset by the market focusing on the Q3 earnings miss and the ongoing Middle East revenue decline, limiting sustained upside.
Key entities
- companyMarriott International
Raised 2026 RevPAR and full-year adjusted EPS guidance after a Q2 beat; guided Q3 adjusted earnings below consensus amid Middle East weakness.
- partnerJPMorgan Chase
Newly signed U.S. co-branded credit card deals contribute partially to Marriott’s revised guidance.
- partnerAmerican Express
Newly signed U.S. co-branded credit card deals contribute partially to Marriott’s revised guidance.
