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Marriott International, Inc.
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S&P 500 Nasdaq 100
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 81 Ready View all →
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$101.5B
Market Cap
32.6
P/E
2.75
PEG
17.3%
ROCE
-76.9%
ROE
-4.56
D/E
59.3%
OPM
-4.0%
% from 52W High
84
α RS
🔍 MAR is showing a multi-screen setup because it matches 12 of 39 tracked screener presets, RS Rating is 84, it's within 4% of its 52-week high, and it has maintained a 18-day Near 52-Week High momentum persistence. The main caution: the Accumulation Zone preset's Backtest win rate is only 48.5%. Net: Mixed signal stack, not a recommendation. ? Conviction RS Rating 52W High Momentum Streaks Backtest
Sources
Conviction 12/39 · RS Rating 84 · 4% from 52W high · Near 52-Week High streak: 18d · Backtest win rate 48.5%
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🌏 Global Investor Returns
Currency-adjusted total returns for MAR including FX impact
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📈 Price History
Ratio Health
— Excellent
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— Poor
By Category
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About

Marriott International, Inc. engages in the operation, franchising, and licensing of hotel, residential, timeshare, and other lodging properties in the United States, Canada, Europe, the Middle East, Africa, Greater China, the Asia-Pacific, and internationally. The company operates properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, MGM Collection with Marriott Bonvoy, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, citizenM, City Express by Marriott, and Four Points Flex by Sheraton brands. It also operates residences, timeshares, and yachts. The company was formerly known as New Marriott MI, Inc. and changed its name to Marriott International, Inc. in May 1998. Marriott International, Inc. was founded in 1927 and is headquartered in Bethesda, Maryland.

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📈 Growth Pattern
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⭐ Superinvestors Holding MAR
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 108.2K $35.4M 0.06% Mar 2026
Steve Cohen Point72 Asset Management 45.8K $15.0M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Gross Fee Revenue
$1.58B
+13% YoY
Adjusted EBITDA
$1.59B
+13% YoY
Net Income
$766M
n/a
Adjusted Diluted EPS
$3.19
+20% YoY
Global RevPAR
+3.4%
n/a
What Went Right
  • Q2 global RevPAR rose 3.4%, with U.S. & Canada up 5% — the highest quarterly increase in 13 quarters — and luxury RevPAR up over 9%.
  • Gross fee revenue rose 13% to $1.58B and adjusted diluted EPS grew 20% to $3.19, above expectations.
  • Record H1 signings and a record pipeline of ~629,000 rooms (+7% YoY); new Chase/Amex co-brand card deals expected to add $100M-$125M to fees by 2028.
What to Watch
  • Middle East RevPAR fell 43% as the conflict persisted, dragging EMEA down over 5% and international RevPAR down 0.5%.
  • Construction delays in the Middle East mean 2026 net rooms growth is likely to land at the low end of the 4.5%-5% range.
  • Q4 faces tough Middle East comps (Q4 is ~35% of the region's full-year revenue) plus a small expected negative from U.S. midterm elections.
Management Guidance
  • Full-year 2026 global RevPAR growth raised to 3%-3.5%; Q3 2026 global RevPAR expected +3.5%-4%.
  • Full-year gross fee revenues guided to $6.03B-$6.06B, up 11% YoY.
  • Full-year adjusted EBITDA guided to $5.97B-$6.03B, up 11%-12%; adjusted diluted EPS growth expected 16%-18%.
  • 2026 investment spending guided to $1.25B-$1.35B; shareholder returns expected to exceed $4.5B.
Investor Lens
The thesis is stronger after this call: broad-based U.S. demand, record signings and a record pipeline support durable fee growth, while the new co-brand card agreements add a high-margin fee tailwind of $100M-$125M by 2028. Management raised full-year RevPAR and fee guidance, showing confidence despite the Middle East drag. The key overhang remains the Middle East conflict, which is now expected to shave ~100bps off full-year global RevPAR, and Q4 comparisons get harder. Asset-light economics, strong EPS growth and >$4.5B of planned shareholder returns reinforce the investment case.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong Q2: RevPAR +3.4%, adjusted EBITDA +13%, guidance raised.
Revenue
Gross fee revenue rose 13% year-over-year to $1.58B, driven by higher RevPAR, rooms growth, co-brand card fees and residential branding fees. Global system-wide RevPAR increased 3.4%, with U.S. & Canada up 5% and international down 0.5%.
Profitability
Adjusted EBITDA rose 13% to $1.59B and adjusted diluted EPS grew 20% to $3.19. Reported net income was $766M and adjusted net income was $844M, with reported EPS of $2.90.
Margins
Operating margin was not disclosed. G&A increased 5% year-over-year on compensation timing; owned, leased and other revenue net of expenses fell to $49M from $78M, partly due to a $27M property-related litigation accrual.
Balance Sheet
Not fully discussed, but Marriott repurchased 3.0M shares for $1.1B in Q2 and returned ~$2.6B year-to-date through dividends and buybacks. 2026 investment spending is now guided at $1.25B-$1.35B, with shareholder returns expected to exceed $4.5B.
Key Risks
Middle East conflict continues to pressure results: Middle East RevPAR -43% and EMEA -5%+ in Q2, with a ~100bps full-year global RevPAR impact. Middle East construction delays push net rooms growth to the low end of 4.5%-5%. Additional headwinds: yen weakness hitting Japan credit-card fees, tougher Q4 Middle East comps, and U.S. midterm election impact.
Outlook
Q3 2026 global RevPAR is expected to increase 3.5%-4%, and full-year global RevPAR guidance was raised to 3%-3.5%. Full-year gross fees are expected at $6.03B-$6.06B, adjusted EBITDA at $5.97B-$6.03B, and adjusted diluted EPS growth of 16%-18%.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-03
Q2 delivered strong RevPAR and fee growth, with record signings and robust pipeline momentum. Full-year guidance was raised for RevPAR, fees, and EPS, despite Middle East headwinds. New credit card deals and digital initiatives are set to drive future growth.
Q1 2026 Q1 2026 2026-05-06
Q1 2026 exceeded expectations with strong RevPAR and fee growth, robust development, and record pipeline. Outlook for U.S., Canada, and China was raised, while Middle East conflict and airlift disruptions weigh on EMEA and APAC. Over $4.4B will be returned to shareholders in 2026.
Q4 2025 Q4 2025 2026-02-10
Delivered strong 2025 results with record pipeline growth, robust fee revenue, and expanding loyalty membership. 2026 guidance calls for 4.5%-5% net rooms growth, 8%-10% fee revenue growth, and continued investment in technology and capital returns.
Q3 2025 Q3 2025 2025-11-04
Q3 2025 results exceeded expectations with 10% adjusted EBITDA growth and strong global portfolio expansion. International markets led RevPAR gains, while U.S. and Canada lagged. Full-year guidance remains positive, with robust pipeline momentum and capital returns projected at $4 billion.
Q2 2025 Q2 2025 2025-08-05
Q2 2025 results exceeded guidance, with global RevPAR up 1.5% and strong international growth. Pipeline reached a record 590,000+ rooms, and full-year adjusted EBITDA is expected to rise 7%-8%. Group and leisure segments remain resilient, while business transient and government demand are soft.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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