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Marriott International (MAR) guidance and outlook

Marriott International (MAR) raised some and lowered other parts of its guidance on Nov 2, 2026: Revenue $47.0M–$52.0M for Q4 2026; Revenue $170M–$175M for FY2026; EBITDA $1.6B for Q4 2026; EBITDA $6.1B for FY2026. Marriott International's 10-Q filed Nov 2, 2026 makes 10 forward-looking statements, 0 of them new and 0 no longer said since the filing before.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 2, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 2, 2026

• We expect the agreements to have a favorable impact on our total revenues in future periods, primarily in the “Cost reimbursement revenue” caption, followed by the “Franchise fees” caption, of our Income Statements.
• We are currently unable to reasonably estimate the range of total possible financial impact to the Company from the Data Security Incident in excess of the expenses already recorded; however, we do not believe this incident will impact our long-term financial health.
• We currently expect full year 2026 net rooms growth to be toward the low end of our 4.5 to 5.0 percent range.
• We currently satisfy the covenants in our Credit Facility and public debt instruments, including the leverage covenant under the Credit Facility, and do not expect the covenants will restrict our ability to meet our anticipated borrowing and liquidity needs.
• We believe the Credit Facility and our access to capital markets, together with cash we expect to generate from operations, remain adequate to meet our liquidity requirements over the next 12 months and thereafter for the foreseeable future.
• We do not expect that fluctuations in the demand for commercial paper will affect our liquidity, given our borrowing capacity under the Credit Facility and access to capital markets.
• We expect capital expenditures and other investments will total approximately $1,250 million to $1,350 million for the 2026 full year, including contract acquisition costs, capital and technology expenditures (including renovations at owned and leased hotels), loan advances, and other investing activities, but excluding any potential property or brand acquisitions, which we cannot forecast with sufficient…
• Our anticipated capital and technology expenditures include higher than typical spending on our worldwide technology systems transformation, the overwhelming portion of which we expect to be reimbursed over time.
• We expect to continue to return cash to stockholders through a combination of share repurchases and cash dividends.
• We have discussed those policies and estimates that we believe are critical and require the use of complex judgment in their application in our 2025 Form 10-K.

Marriott International's latest quarter

Questions

Did Marriott International raise or lower its guidance?

Marriott International (MAR) raised some and lowered other parts of its guidance on Nov 2, 2026: Revenue $47.0M–$52.0M for Q4 2026; Revenue $170M–$175M for FY2026; EBITDA $1.6B for Q4 2026; EBITDA $6.1B for FY2026.

What does Marriott International expect?

We expect the agreements to have a favorable impact on our total revenues in future periods, primarily in the “Cost reimbursement revenue” caption, followed by the “Franchise fees” caption, of our Income Statements. We are currently unable to reasonably estimate the range of total possible financial impact to the Company from the Data Security Incident in excess of the expenses already recorded; however, we do not believe this incident will impact our long-term financial health. We currently expect full year 2026 net rooms growth to be toward the low end of our 4.5 to 5.0 percent range.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.