Marriott International (NASDAQ:MAR) posted fourth-quarter results on Tuesday showing that solid momentum in international markets helped counter slower conditions in the United States, lifting investor sentiment.
Shares in the hotel group rose 2.13% in pre-market trading following the announcement.
The world’s largest hotel operator reported adjusted earnings of $2.58 per share for the quarter, just shy of the $2.61 analysts had forecast. Revenue totaled $6.69 billion, coming in slightly ahead of consensus expectations of $6.67 billion.
Global revenue per available room (RevPAR) increased 1.9% in the quarter, supported by a strong 6.1% rise across international regions, led by Europe, the Middle East and Africa. By contrast, RevPAR in the U.S. and Canada slipped 0.1%, which Marriott said was largely due to the impact of a prolonged government shutdown on business travel.
“Marriott delivered excellent results in 2025,” said Anthony Capuano, President and Chief Executive Officer. “For the full year, net rooms grew over 4.3 percent, worldwide RevPAR increased 2 percent, and our fee-driven, asset-light business model continued to generate substantial cash, enabling over $4.0 billion of capital returns to shareholders.”
Marriott’s development pipeline hit a record level at year-end, totaling nearly 610,000 rooms across about 4,100 properties, with 43% of those rooms already under construction.
Looking ahead to 2026, the company expects worldwide RevPAR growth of 1.5% to 2.5% and net room growth of 4.5% to 5%. Adjusted EBITDA is projected to rise between 8% and 10%, and Marriott plans to return more than $4.3 billion to shareholders.
Luxury properties were among the strongest performers during the quarter, with RevPAR climbing more than 6%, while growth moderated at lower price points. Marriott also finalized the integration of the citizenM brand during the period, adding 37 hotels and close to 8,800 rooms to its global portfolio.
“I am proud of the results we delivered this year and am incredibly optimistic about the future,” Capuano added, pointing to the company’s “unmatched global distribution, compelling brand portfolio and Marriott Bonvoy loyalty platform.”