MAR · 10-Q · 2026Q3 · Full report

Capital Expenditure Outlook

MARRIOTT INTERNATIONAL INC /MD/ · 2026-11-02 · Importance 54 · Surprise 32 · In source text

Marriott spent $411 million on capital and technology expenditures in the first three quarters of 2026, compared with $432 million in the same 2025 period. The company expects full-year 2026 capital expenditures and other investments of approximately $1.25 billion to $1.35 billion. The estimate includes contract acquisition costs, hotel renovations, loan advances, and other investing activities, but excludes potential property or brand acquisitions. Planned spending includes above-typical investment in the worldwide technology systems transformation, most of which Marriott expects to be reimbursed over time.

Key facts

• Marriott expects 2026 full-year capital expenditures and other investments to total approximately $1,250 million to $1,350 million, including contract acquisition costs, capital and technology expenditures, loan advances, and other investing activities, but excluding potential property or brand acquisitions. source
• Marriott made capital and technology expenditures of $411 million in the 2026 first three quarters, compared with $432 million in the 2025 first three quarters. source
• Marriott's capital and technology expenditures were $411 million in the 2026 first three quarters. source
• Marriott's anticipated capital and technology expenditures include higher-than-typical spending on its worldwide technology systems transformation, with the overwhelming portion expected to be reimbursed over time. source

Impact estimates