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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $6.69 bln | $6.67 bln (16 Analysts) |
Q4 Adjusted EPS | Miss | $2.58 | $2.61 (21 Analysts) |
Q4 EPS | $1.65 | ||
Q4 Adjusted Net Income | Slight Miss* | $695 mln | $698.60 mln (17 Analysts) |
Q4 Net Income | $445 mln | ||
Q4 RevPAR | $127.64 |
*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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)