Overview
- Marriott, which posted first-quarter results Wednesday, beat forecasts with 4.2% worldwide RevPAR growth (revenue per available room) and adjusted EPS of $2.72.
- The company now targets 2% to 3% RevPAR growth for 2026 as it factors in a 100 to 125 basis-point hit from the Middle East and an expected 50% regional drop in the second quarter.
- Development momentum set a new high with more than 4,100 properties and nearly 618,000 rooms in the pipeline, and Marriott Bonvoy membership grew to nearly 283 million.
- Marriott added about 15,900 net rooms in the quarter and said capital returns are on track to top $4.4 billion this year through buybacks and dividends.
- Separately, Marriott Vacations Worldwide reported profit down to $22 million from $56 million a year earlier, kept its full-year EBITDA outlook, and advanced plans to sell non-core assets.