MAR Q1 2026 Earnings

Call Details

• Call Title: Marriott International Q1 2026 Earnings Call
• Date: May 6, 2026 at 12:30 PM UTC
• Management Team:
  • Jackie Burka (Senior Vice President, Investor Relations)
  • Tony Capuano (Chief Executive Officer)
  • Jen Mason (Executive Vice President and Chief Financial Officer)
  • Pilar Fernandez (Senior Director of Investor Relations)

Call Summary

Financial Performance

• First quarter global RevPAR increased 4.2% year-over-year on a system-wide constant currency basis.
• First quarter total gross fee revenues increased 12% year-over-year to $1.43B.
• Incentive management fees rose 9% to $222M in the quarter, led by a 13% increase in the U.S. and Canada.
• Owned, leased and other revenue net of own lease and other expenses rose 21% year-over-year due to higher termination fees and strong results at specific portfolio hotels.
• Adjusted EBITDA increased 15% to $1.4B and adjusted diluted EPS rose 17% to $2.72, both non-GAAP measures with reconciliations provided in the press release.
• G&A expense rose 5% year-over-year primarily due to timing of compensation costs, partially offset by lower litigation expenses.

Guidance

• Full-year global RevPAR guidance was raised to 2% to 3% growth versus prior guidance.
• Full-year adjusted EBITDA is expected to be $5.88B to $5.97B, representing a 9% to 11% increase versus 2025.
• Full-year adjusted diluted EPS guidance is $11.38 to $11.63, representing 14% to 16% growth versus 2025.
• The guidance assumes the Middle East conflict could reduce full-year global RevPAR by 100 to 125 basis points.
• The World Cup is expected to add 30 to 35 basis points to full-year global RevPAR growth.
• Second quarter global RevPAR is expected to increase 1.5% to 2.5% and gross fees are expected to rise 10% to 11%.
• Co-branded credit card fees are expected to increase around 35% for the year and residential branding fees are expected to increase 45% to 50% for the year.