Marriott's first quarter 2026 EPS beat estimates, driven by stronger-than-expected global RevPAR growth of 4.2%.

Marriott International reported first quarter 2026 results, with adjusted diluted EPS of $2.72, a 17% year-over-year increase, on total revenues of $6.65 billion. The results surpassed analyst expectations, driven by resilient travel demand and strong fee growth.

Key Highlights

• Worldwide constant dollar RevPAR grew 4.2% year-over-year, significantly exceeding the high end of management's 1-2% guidance, with 4.0% growth in the U.S. & Canada and 4.6% internationally.
• Gross fee revenues increased 12% to $1.43 billion, primarily attributed to higher co-branded credit card fees, net rooms growth, and increased RevPAR.
• The company's worldwide development pipeline reached a new record of nearly 618,000 rooms, an increase of over 5% from the prior year, with net rooms growing 4.5% year-over-year.