MAR · 8-K · 20261102PR000040

Capital Expenditure Outlook

MARRIOTT INTERNATIONAL INC /MD/ · 2026-11-02 · Importance 56 · Surprise 24 · Contradicted

Marriott forecast 2026 investment spending of $1.25 billion to $1.35 billion. The spending measure includes contract acquisition costs, capital and technology expenditures, renovations at owned and leased hotels, loan advances, and other investing activities. It includes the company’s second-quarter investment in Lefay but excludes potential property or brand acquisitions.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashnegativecommitted—Marriott expects full-year 2026 investment spending of $1,250 million to $1,350 million, including contract acquisition costs, capital and…