MAR · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

MARRIOTT INTERNATIONAL INC /MD/ · 2026-11-02 · Importance 36 · Surprise 14

Consolidated revenue was $7.005 billion in the third quarter of 2026, up about 8% from $6.489 billion a year earlier, and $20.730 billion for the first three quarters, up about 6% from $19.496 billion. Net fee revenue rose to $1.489 billion in the quarter from $1.309 billion and to $4.434 billion year to date from $3.927 billion, increases of about 14% and 13%, respectively. Third-quarter franchise fee growth included $68 million of additional co-branded credit card fees and $36 million of higher fees from franchised properties, while first-three-quarter increases included $200 million in co-branded credit card fees and $88 million from franchised properties. Worldwide systemwide RevPAR increased 6.5% in the quarter and 4.8% in the first three quarters, supported by ADR growth of 4.8% and 3.8%, respectively.

Key facts

• Marriott’s franchise fee increase in the 2026 third quarter and first three quarters primarily reflected co-branded credit card fees higher by $68 million and $200 million, respectively. source
• Higher revenue from Marriott’s franchised properties due to higher RevPAR and rooms growth increased franchise fees by $36 million in the 2026 third quarter and $88 million in the 2026 first three quarters. source
• Higher residential branding fees increased Marriott’s franchise fees by $26 million in the 2026 first three quarters. source
• Higher RevPAR primarily drove the increase in Marriott’s base management fees in the 2026 first three quarters. source
• Higher profits at managed hotels in U.S. & Canada primarily drove the increase in Marriott’s incentive management fees in the 2026 third quarter and first three quarters. source