Marriott International Q4 revenue slightly beats expectations on regional growth

Overview

• Hotel chain's Q4 revenue slightly beat analyst expectations, adjusted EPS missed

• Q4 RevPAR increased 1.9% worldwide, with 6.1% growth in international markets

• Company returned over $4 bln to shareholders in 2025 through dividends and buybacks

Outlook

• Marriott expects 2026 worldwide RevPAR to rise 1.5% to 2.5%

• Company forecasts 2026 net rooms growth of 4.5% to 5%

• Marriott anticipates 2026 adjusted EBITDA growth of 8% to 10%

Result Drivers

• INTERNATIONAL REVPAR GROWTH - International markets saw a 6.1% increase in RevPAR, driven by strong leisure and cross-border travel, particularly in EMEA and APEC regions.

• LUXURY HOTELS OUTPERFORMANCE - Luxury hotels globally outperformed with over 6% RevPAR growth, contributing to overall positive results.

• DEVELOPMENT PIPELINE EXPANSION - Marriott's development pipeline reached a record with nearly 610,000 rooms, supported by new brand integrations and room additions.

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

• Wall Street's median 12-month price target for Marriott International Inc is $325.00, about 1.9% below its February 9 closing price of $331.21

• The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nPn33ZWL6a

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