Marriott International, Inc. (MAR) Earnings Call Transcripts

Marriott International, Inc.'s Latest Earnings Call - September 9, 2026

In the third quarter of fiscal year 2026, Marriott International (MAR:US) reported strong demand trends, with global RevPAR growth of 3.4% in Q2 and 7% in July, exceeding expectations. The company generated $5.2 billion in revenue for the quarter, which was above the consensus estimate of $5 billion, and adjusted EPS came in at $1.25, beating expectations by $0.15. Management maintained its full-year guidance, indicating confidence in sustained demand across various segments and geographies, despite potential challenges from economic comparisons in the upcoming quarters.

Reported metrics

Guidance from management

Marriott maintained its full-year guidance, indicating confidence in sustained demand and revenue growth despite potential economic headwinds. Management expects continued RevPAR growth driven by both occupancy and ADR improvements.

What management said

So we continue to see good strength and growth in business transient tends to be more rate driven than occupancy driven. But again, I think when you think about some of the areas that our owner community is navigating, that strength in ADR is a real positive for them. I think the big multinationals are being a bit more targeted. They are to be sure traveling, but they're really looking at travel that they think is ...

Yes, no question. And it is a massive undertaking, right? Because redoing our central reservation system for a portfolio of 10,000 hotels would be a significant undertaking. The fact that simultaneously, we're changing out the PMS system and the loyalty platform. It was really making sure we had done the research, we had found the right partners and we have thought about the right sequencing so that it would be incre...

What analysts pressed on

Analysts expressed concerns about the sustainability of demand growth as the company begins to lap easier comparisons from the previous year. There were also questions regarding the impact of rising development costs on new builds and the overall health of the owner community amidst ongoing inflation pressures.

Main topics on the call

• Strong Demand Trends — Marriott reported a global RevPAR growth of 3.4% in Q2 and 7% in July, driven by increased occupancy and ADR. CEO Tony Capuano stated, "consumers are across demographics, prioritizing travel and experiences over consumpt...
• Business Travel Recovery — Management noted a resurgence in business travel, particularly among small and medium-sized enterprises, with growth trends improving. Capuano highlighted that "business transient tends to be more rate driven than occupa...
• Group Booking Outlook — While group bookings were previously expected to be flat for 2027, there has been a recent upward turn in demand. Capuano mentioned, "we saw a turn upwards in a really encouraging way" for group demand, suggesting optimi...
• Owner Health Initiatives — Marriott is actively engaging with its franchisees to enhance performance and drive margins. Capuano stated, "we are looking at every variable in the equation that drives hotel level margins and returns," indicating a fo...

Read the full Marriott International, Inc. transcript (September 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 54 Marriott International, Inc. earnings call transcripts on record, spanning February 27, 2020 to September 9, 2026. Based on this history, Marriott International, Inc. reports quarterly. The most recent call on file is dated September 9, 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

54

First call

February 27, 2020

Most recent

September 9, 2026

Reporting cadence

quarterly