Courtyard by Marriott Okinawa Resort. Photo: Marriott Marriott International reported a 6.5% increase in worldwide revenue per available room (RevPAR) for the third quarter of 2026, supported by stronger performance in North America and international markets.
The hotel group also reached a new record in its global development pipeline.
Q3 2026 Earnings Highlights. Photo: MarriottAccording to its financial results published on November 2, global RevPAR rose 6.5% compared with the same period last year. Growth was particularly strong in the United States and Canada, where the metric increased 7.4%. International markets recorded a 4.4% rise.
Marriott added approximately 20,100 net rooms during the quarter, including more than 13,400 outside the United States and Canada. By September 30, its worldwide portfolio had expanded to more than 10,200 properties and nearly 1.834 million rooms across 148 countries and territories.
The company's development pipeline reached 4,209 properties containing more than 634,000 rooms, marking a new record. Of these, 1,750 properties, representing more than 278,000 rooms, were under construction. More than half of the rooms in the pipeline were located in international markets.
Q3 2026 Earnings Highlights. Photo: MarriottMarriott reported third-quarter net income of $794 million, up 9% from $728 million in the corresponding period of 2025. Reported diluted earnings per share reached $3.04, compared with $2.67 a year earlier.
Adjusted net income increased to $790 million from $674 million, while adjusted diluted earnings per share rose to $3.02, compared with $2.47 in the third quarter of 2025.
Adjusted EBITDA, a measure of operating performance, reached $1.512 billion, up 12% from $1.349 billion a year earlier.
Franchise and base management fees totaled $1.341 billion, up 13% year over year. Incentive management fees also increased to $181 million, up from $148 million in the same quarter last year.
Marriott President and CEO Anthony Capuano attributed the results to higher room rates and occupancy, the company's international presence and the performance of its brands.
He noted that the Asia-Pacific region excluding China recorded RevPAR growth of more than 9%, while Europe also delivered positive results. Performance in the Middle East continued to be affected by the ongoing conflict, although trends improved compared with the second quarter.
Following the third-quarter performance, Marriott raised its forecast for full-year worldwide RevPAR growth to between 4.5% and 5%.
The company also reported continued expansion of its Marriott Bonvoy loyalty program, which had approximately 309 million members worldwide at the end of September.
During the third quarter, Marriott repurchased 3.5 million shares for $1.3 billion. Through October 28, the company had returned approximately $4 billion to shareholders through dividends and share buybacks.
The results come as Marriott continues expanding its global hotel network through new openings, franchise agreements and conversions of existing properties to its brands.