Marriott International, Inc. (MAR) Earnings Call Transcripts
Marriott International, Inc.'s Latest Earnings Call - Q2 FY2026
In Q2 2026, Marriott International reported strong financial results with total gross fee revenues increasing by 13% year-over-year to $1.58 billion, driven by higher RevPAR and growth in co-branded credit card fees. Adjusted diluted EPS rose 20% to $3.19, exceeding expectations. Management raised full-year global RevPAR guidance to 3% to 3.5%, reflecting robust demand trends, particularly in the U.S. and Canada, although international RevPAR faced challenges due to geopolitical tensions in the Middle East.
Reported metrics
| Metric | Value |
|---|---|
| Total Gross Fee Revenues | $1.58B (beat) |
| Adjusted Diluted EPS | $3.19 (beat) |
| Global RevPAR Growth Guidance | 3% to 3.5% (positive) |
| U.S. and Canada RevPAR Growth | 5% (positive) |
| International RevPAR Decline | -5% (negative) |
| Net Rooms Growth Guidance | 4.5% to 5% (neutral) |
Guidance from management
Management raised full-year global RevPAR guidance to 3% to 3.5% and expects adjusted EBITDA growth between 11% and 12% for 2026. They anticipate investment spending of $1.25 billion to $1.35 billion for the year.
What management said
Yes. And Shaun, as a on your question, we are launching the ITR in Sun this week to our owners. It's up to 50 basis points of gross room revenue, fee reimbursement for achieving defined ITR thresholds. And so that will start to be baked in for the back half of the year. As a reminder, though, there's multiple things impacting our own lease and other revenue, as I talked about in my prepared remarks. We offset the tim...
Yes. Great. Thank you, Stephen. The -- as Jen said, the $30 million number she referenced, that is solely from the new credit card terms for the balance of this year. The full benefit to the program is really expected to build over time as new and refreshed card products are introduced. Our experience in the past is the development and introduction of those new cards take several quarters. But I think the way you sho...
What analysts pressed on
Analysts expressed concerns regarding the impact of geopolitical tensions on international RevPAR, particularly in the Middle East. There were also inquiries about the sustainability of growth in the group segment and the potential effects of upcoming midterm elections on demand in Q4.
Main topics on the call
- Revenue Growth Acceleration — Marriott's total gross fee revenues increased by 13% year-over-year to $1.58 billion, attributed to higher RevPAR and growth in co-branded credit card fees. Management noted, "Second quarter global RevPAR rose 3.4%" and ...
- RevPAR Performance — RevPAR in the U.S. and Canada rose 5%, marking the highest quarterly increase in 13 quarters. Management stated, "Excluding the World Cup, second quarter RevPAR rose 4%."
- International Challenges — International RevPAR declined slightly year-over-year, particularly in the Middle East, where it fell 43%. Management acknowledged, "solid performance in Europe was offset by a meaningful decline in the Middle East."
- Increased Guidance — Management raised full-year global RevPAR guidance to 3% to 3.5%, up from previous expectations. They noted, "the strong World Cup performance in June and July provided a slightly larger boost to full year global RevPAR ...
Read the full Marriott International, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Marriott International, Inc.
Marriott International, Inc. (MAR) is a publicly listed company in the Hotels, Restaurants and Leisure industry, within the Consumer Discretionary sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 53 calls on record spanning February 27, 2020 to August 3, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 53 Marriott International, Inc. earnings call transcripts on record, spanning February 27, 2020 to August 3, 2026. Based on this history, Marriott International, Inc. reports quarterly. The most recent call on file is dated August 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MAR
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Hotels, Restaurants and Leisure
- Calls on record
- 53
- First call
- February 27, 2020
- Most recent
- August 3, 2026
- Reporting cadence
- quarterly