Marriott International Raises Revenue Forecast Amid Stock Selloff

Marriott International raised its full-year 2026 global revenue per available room growth forecast to 3%–3.5%, up from a previous range of 2%–3%. The adjustment follows second-quarter results that exceeded analyst expectations, with the company reporting total revenue of $7.07 billion and adjusted net income of $844 million. Adjusted diluted earnings per share reached $3.19, surpassing the estimated $3.09.

Despite the quarterly beat, the company's stock declined more than 4.5% in premarket trading on August 3. This selloff was driven by third-quarter profit guidance of $2.74 to $2.82 per share, which fell short of the $2.87 analyst consensus. The lower guidance is attributed in part to a 43% decline in hotel revenue across the Middle East.

Financial analysis indicates the stock decline reflects an adjustment in investor expectations rather than a failure in core operations. Growth remains supported by the expansion of the Bonvoy loyalty program, which now exceeds 295 million members, as well as co-branded credit card income and fee revenue. With a development pipeline of approximately 629,000 rooms, the company projects annual earnings per share increases of 11–14% through 2027, though risks include rising leverage and pipeline execution shortfalls.