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Marriott Lifts 2026 Outlook After Q1 Beat, Flags Middle East Drag

A record development pipeline underpins higher guidance despite a conflict-driven hit to Middle East travel.

Overview

  • Marriott, which reported results Wednesday, posted adjusted EPS of $2.72 on $6.65 billion in revenue and raised its 2026 guidance.
  • Worldwide revenue per available room, or RevPAR, rose 4.2% as the U.S. grew 4.0% and international markets increased 4.6%.
  • APEC led growth with RevPAR up more than 7% and Greater China rose nearly 6%, reflecting steady leisure demand in markets like Hong Kong and Hainan.
  • The company added about 15,900 net rooms and ended the quarter with a record pipeline of 4,107 properties and nearly 618,000 rooms.
  • Management built in severe disruption from the Middle East conflict, expecting about a 50% regional RevPAR drop in the second quarter that reduces full‑year global growth by 100 to 125 basis points.