MAR · 8-K · 20261102PR000040

Guidance / Outlook

MARRIOTT INTERNATIONAL INC /MD/ · 2026-11-02 · Importance 64 · Surprise 40 · From source text

Marriott forecasts full-year 2026 Adjusted EBITDA of $6,075 million to $6,098 million, compared with $5,383 million in 2025, an increase of 13% at both ends of the range. The forecast includes the 2026 second-quarter sale of a U.S. & Canada hotel and Marriott’s investment in Lefay, plus a planned sale of another U.S. & Canada hotel in the 2026 fourth quarter. The forecast excludes cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges or recoveries, and other expenses that Marriott says it cannot forecast with sufficient accuracy.

Key facts

• Adjusted EBITDA forecast for the period shown is $1,573 million to $1,596 million, compared with $1,402 million in 2025, an increase of 12% to 14%. source
• Marriott forecast full-year 2026 Adjusted EBITDA of $6,075 million to $6,098 million, compared with $5,383 million in full-year 2025, an increase of 13%. source
• Marriott's fourth-quarter 2026 gross fee revenue outlook is $1,604 million to $1,612 million, and its full-year 2026 outlook is $6,137 million to $6,145 million. source
• Marriott's fourth-quarter 2026 Adjusted EBITDA outlook is $1,573 million to $1,596 million, and its full-year 2026 outlook is $6,075 million to $6,098 million. source
• Marriott forecast full-year 2026 net income excluding certain items of $3,112 million to $3,129 million. source
• Marriott raised its full-year 2026 worldwide RevPAR growth outlook to 4.5%–5.0%. source
• Marriott's full-year 2026 net rooms growth outlook is at the low end of 4.5% to 5%. source
• Marriott's fourth-quarter 2026 diluted Adjusted EPS outlook is $3.14 to $3.21, and its full-year 2026 outlook is $12.07 to $12.14. source

Impact estimates