- Marriott’s Q2 worldwide RevPAR grew 3.4 percent.
- Added about 17,900 net rooms in the quarter.
- Marriott Bonvoy now has 295 million members.
MARRIOTT INTERNATIONAL’S WORLDWIDE RevPAR rose 3.4 percent in the second quarter. Net income totaled $766 million, compared with $763 million in the year-ago quarter.
The company raised its full-year RevPAR outlook to 3 percent to 3.5 percent on demand growth in the U.S. and Canada, Marriott said in a statement. Diluted earnings per share rose to $2.90 from $2.78.
“We delivered another quarter of excellent results, reflecting strong travel demand, the power of our brands and sustained development momentum,” said Anthony Capuano, Marriott’s president and CEO. “Global RevPAR increased 3.4 percent in the second quarter, with continued ADR strength. In the U.S. and Canada, RevPAR rose 5 percent, driven by broad-based increases across chain scales and customer segments.”
Adjusted EBITDA rose 13 percent to $1.592 billion from $1.415 billion, while adjusted operating income increased to $1.329 billion from $1.186 billion.
RevPAR growth
Worldwide RevPAR rose 3.4 percent, or 3.9 percent in actual dollars, led by a 5 percent increase in the U.S. and Canada, Marriott said. International RevPAR declined 0.5 percent. The U.S. and Canada posted gains across chain scales and customer segments, supported by higher average daily rates.
International RevPAR declined as the Middle East conflict weighed on EMEA, where RevPAR fell more than 5 percent after a 43 percent drop in the Middle East offset growth in Europe.
APEC RevPAR rose more than 5 percent on leisure demand and intra-regional travel, while Greater China RevPAR increased more than 3 percent, led by luxury hotels and markets including Hong Kong, Taiwan and Hainan.
Marriott expects worldwide RevPAR growth of 3.5 percent to 4 percent in the third quarter, based on current macroeconomic conditions.
The company expects full-year net rooms growth at the low end of 4.5 percent to 5 percent and forecast adjusted EBITDA of $1.439 billion to $1.468 billion for the third quarter and $5.965 billion to $6.025 billion for the full year.
Development and fees
Marriott added about 17,900 net rooms during the quarter, including 11,000 in international markets. Net rooms grew 4.5 percent from the end of the second quarter of 2025.
The company’s system totaled more than 10,000 properties and nearly 1.814 million rooms. Its pipeline included 4,186 properties and about 629,000 rooms, the statement said. The pipeline grew nearly 7 percent from a year earlier, with 44 percent of rooms under construction, including hotels pending conversion.
The pipeline included 1,757 properties with more than 279,000 rooms under construction. More than half of pipeline rooms were in international markets.
Conversions accounted for more than one-third of signings and 40 percent of openings in the first six months of the year.
In June, Marriott opened its 10,000th property, JW Marriott Ranthambore Resort & Spa in Ranthambore, Rajasthan, India. The resort has 127 keys, including villas, guestrooms and suites.
Meanwhile, franchise and base management fees increased 14 percent to $1.366 billion, driven by higher co-branded credit card fees, room growth and RevPAR gains. Incentive management fees rose to $212 million from $200 million, with growth in the U.S. and Canada partly offset by declines in EMEA.
Shareholder returns and loyalty
Marriott repurchased 3 million shares for $1.1 billion during the quarter. Through July 29, it returned about $2.6 billion to shareholders through dividends and share repurchases.
The company ended the quarter with $16.9 billion in debt and $0.5 billion in cash and equivalents, compared with $16.2 billion in debt at year-end 2025.
Marriott Bonvoy grew to more than 295 million members, while the company signed new U.S. co-branded credit card agreements with JPMorgan Chase and American Express, according to the company.
Separately, in June, a group of Marriott International franchise owners asked the company to increase payments for honoring discounted Bonvoy reward bookings, arguing the current arrangement leaves them covering costs while Marriott expands its credit card business.
