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Guidance history, every release

Marriott International (MAR) · 8 releases, Nov 4, 2024 to Aug 3, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Nov 4, 2024 FY24 Q3	Feb 11, 2025 FY24 Q4	May 6, 2025 FY25 Q1	Aug 5, 2025 FY25 Q2	Nov 4, 2025 FY25 Q3	Feb 10, 2026 FY25 Q4	May 6, 2026 FY26 Q1	Aug 3, 2026 FY26 Q2
For FY2026
Gross fee revenues	—	—	—	—	—	—	—	New“$1,474 to $1,483”
Gross fee revenues	—	—	—	—	—	New“$5,895 to $5,955”	Raised“$5,925 to $5,985”	Raised“$6,025 to $6,055”
Gross fee revenues	—	—	—	—	—	—	New“$1,538 to $1,553”	—
Gross fee revenues	—	—	—	—	—	New“$1,365 to $1,380”	—	—
Owned, leased, and other revenue, net of owned, leased, and other expense	—	—	—	—	—	—	—	New“$30 to $40”
Owned, leased, and other revenue, net of owned, leased, and other expense	—	—	—	—	—	New“$230 to $240”	Lowered“$215 to $225”	Lowered“$175 to $185”
Owned, leased, and other revenue, net of owned, leased, and other expense	—	—	—	—	—	—	New“Approx. $60”	—
Owned, leased, and other revenue, net of owned, leased, and other expense	—	—	—	—	—	New“Approx. $15”	—	—
Adjusted EBITDA	—	—	—	—	—	—	—	New“$1,439 to $1,468”
Adjusted EBITDA	—	—	—	—	—	New“$5,840 to $5,930”	Raised“$5,880 to $5,970”	Raised“$5,965 to $6,025”
Adjusted EBITDA	—	—	—	—	—	—	New“$1,525 to $1,550”	—
Adjusted EBITDA	—	—	—	—	—	New“$1,305 to $1,325”	—	—
Adjusted EPS – diluted	—	—	—	—	—	—	—	New“$2.74 to $2.82”
Adjusted EPS – diluted	—	—	—	—	—	New“$11.32 to $11.57”	Raised“$11.38 to $11.63”	Raised“$11.64 to $11.81”
Adjusted EPS – diluted	—	—	—	—	—	—	New“$2.99 to $3.06”	—
Adjusted EPS – diluted	—	—	—	—	—	New“$2.50 to $2.55”	—	—
Adjusted effective tax rate	—	—	—	—	—	—	—	New“Approx. 26.7%”
Adjusted effective tax rate	—	—	—	—	—	New“26.0% to 26.5%”	Reiterated“26.0% to 26.5%”	Reiterated“26.0% to 26.5%”
Adjusted effective tax rate	—	—	—	—	—	—	New“Approx. 26.5%”	—
Adjusted effective tax rate	—	—	—	—	—	New“Approx. 24.5%”	—	—
Capital return to shareholders	—	—	—	—	—	New“Over $4,300”	Raised“Over $4,400”	Raised“Over $4,500”
Capital returns to shareholders	—	—	—	—	—	New“more than $4.3 billion”	—	—
Co-branded credit card fees recognized in franchise fees	—	—	—	—	—	New“around a 35 percent increase”	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	—	—	—	—	—	New“1.5% to 2.5%”	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	—	—	—	—	New“1.5% to 2.5%”	Raised“2.0% to 3.0%”	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	—	—	—	—	New“1.0% to 2.0%”	—	—
Expected impairment charge related to planned sale of a U.S. & Canada hotel	—	—	—	—	—	—	New“approximately $65 million to $70 million”	—
General and administrative expenses	—	—	—	—	—	—	—	New“$220 to $210”
General and administrative expenses	—	—	—	—	—	New“$895 to $875”	Reiterated“$895 to $875”	Reiterated“$895 to $875”
General and administrative expenses	—	—	—	—	—	—	New“$230 to $220”	—
General and administrative expenses	—	—	—	—	—	New“$215 to $210”	—	—
Global RevPAR growth expectation	—	—	—	—	—	—	—	New“3 to 3.5 percent”
Investment spending	—	—	—	—	—	New“$1,000 to $1,100”	Raised“$1,050 to $1,150”	Raised“$1,250 to $1,350”
Net rooms growth	—	—	—	—	—	New“4.5 to 5 percent”	Reiterated“4.5% to 5%”	Reiterated“Low end of 4.5% to 5%”
Worldwide RevPAR growth	—	—	—	—	—	—	—	New“3.5% to 4.0%”
Worldwide RevPAR growth	—	—	—	—	—	—	—	New“3.0% to 3.5%”
For FY2025
Gross fee revenues	—	—	—	—	New“$1,382 to $1,402”	—	—	—
Gross fee revenues	—	New“$5,370 to $5,480”	Lowered“$5,365 to $5,475”	Narrowed“$5,365 to $5,420”	Narrowed“$5,395 to $5,415”	—	—	—
Gross fee revenues	—	—	—	New“$1,310 to $1,325”	—	—	—	—
Gross fee revenues	—	—	New“$1,380 to $1,395”	—	—	—	—	—
Gross fee revenues	—	New“$1,240 to $1,255”	—	—	—	—	—	—
Owned, leased, and other revenue, net of direct expenses	—	—	—	—	New“Approx. $98”	—	—	—
Owned, leased, and other revenue, net of direct expenses	—	—	—	New“$80 to $90”	—	—	—	—
Owned, leased, and other revenue, net of direct expenses	—	New“$345 to $355”	Reiterated“$345 to $355”	Raised“$360 to $370”	—	—	—	—
Owned, leased, and other revenue, net of direct expenses	—	—	New“Approx. $100”	—	—	—	—	—
Owned, leased, and other revenue, net of direct expenses	—	New“Approx. $55”	—	—	—	—	—	—
Adjusted EBITDA	—	—	—	—	New“$1,371 to $1,401”	—	—	—
Adjusted EBITDA	—	New“$5,295 to $5,435”	Lowered“$5,285 to $5,425”	Narrowed“$5,310 to $5,395”	Narrowed“$5,352 to $5,382”	—	—	—
Adjusted EBITDA	—	—	—	New“$1,288 to $1,318”	—	—	—	—
Adjusted EBITDA	—	—	New“$1,370 to $1,390”	—	—	—	—	—
Adjusted EBITDA	—	New“$1,170 to $1,195”	—	—	—	—	—	—
Adjusted EPS – diluted	—	—	—	—	New“$2.54 to $2.62”	—	—	—
Adjusted EPS – diluted	—	New“$9.82 to $10.19”	Reiterated“$9.82 to $10.19”	Narrowed“$9.85 to $10.08”	Narrowed“$9.98 to $10.06”	—	—	—
Adjusted EPS – diluted	—	—	—	New“$2.31 to $2.39”	—	—	—	—
Adjusted EPS – diluted	—	—	New“$2.57 to $2.62”	—	—	—	—	—
Adjusted EPS – diluted	—	New“$2.20 to $2.26”	—	—	—	—	—	—
Annual general and administrative cost reductions from comprehensive initiative	New“$80 million to $90 million”	—	—	—	—	—	—	—
Capital return to shareholders	—	New“Approx. $4,000”	Reiterated“Approx. $4,000”	Reiterated“approximately $4 billion”	Reiterated“approximately $4.0 billion”	—	—	—
CitizenM acquisition funding assumption	—	—	New“$355 million”	—	—	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	—	—	—	New“1.0% to 2.0%”	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	New“2% to 4%”	Lowered“1.5% to 3.5%”	Narrowed“1.5% to 2.5%”	Reiterated“1.5% to 2.5%”	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	—	—	New“flat to 1.0%”	—	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	—	New“1.5% to 2.5%”	—	—	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	—	New“3% to 4%”	—	—	—	—	—	—
Effective tax rate	—	—	New“Approx. 27%”	—	—	—	—	—
Effective tax rate	—	New“Approx. 26%”	Reiterated“Approx. 26%”	—	—	—	—	—
Effective tax rate	—	New“Approx. 22%”	—	—	—	—	—	—
General, administrative, and other expenses	—	—	—	—	New“$261 to $251”	—	—	—
General, administrative, and other expenses	—	New“$985 to $965”	Reiterated“$985 to $965”	Reiterated“$985 to $965”	Narrowed“$985 to $975”	—	—	—
General, administrative, and other expenses	—	—	—	New“$245 to $240”	—	—	—	—
General, administrative, and other expenses	—	—	New“$245 to $240”	—	—	—	—	—
General, administrative, and other expenses	—	New“$255 to $245”	—	—	—	—	—	—
Investment spending	—	New“$1,000 to $1,100”	—	—	—	—	—	—
Investment spending (including $349 million for citizenM)	—	—	—	—	New“Approx. $1,450”	—	—	—
Investment spending (including $355 million for citizenM)	—	—	New“$1,355 to $1,455”	Reiterated“$1,355 to $1,455”	—	—	—	—
Net rooms growth	—	New“4% to 5%”	Raised“approach 5 percent”	Reiterated“approach 5 percent”	Reiterated“approach 5 percent”	—	—	—
For FY2024
Gross fee revenues	New“$1,290 to $1,310”	—	—	—	—	—	—	—
Gross fee revenues	New“$5,126 to $5,146”	—	—	—	—	—	—	—
Owned, leased, and other revenue, net of direct expenses	New“Approx. $95”	—	—	—	—	—	—	—
Owned, leased, and other revenue, net of direct expenses	New“Approx. $346”	—	—	—	—	—	—	—
Adjusted EBITDA	New“$1,235 to $1,265”	—	—	—	—	—	—	—
Adjusted EBITDA	New“$4,930 to $4,960”	—	—	—	—	—	—	—
Adjusted EPS – diluted	New“$2.31 to $2.39”	—	—	—	—	—	—	—
Adjusted EPS – diluted	New“$9.19 to $9.27”	—	—	—	—	—	—	—
Capital return to shareholders	New“approximately $4.4 billion”	—	—	—	—	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	New“2% to 3%”	—	—	—	—	—	—	—
Comparable systemwide constant $ RevPAR growth Worldwide	New“3% to 4%”	—	—	—	—	—	—	—
General, administrative, and other expenses	New“$275 to $265”	—	—	—	—	—	—	—
General, administrative, and other expenses	New“$1,060 to $1,050”	—	—	—	—	—	—	—
Group RevPAR growth	New“8 percent”	—	—	—	—	—	—	—
Investment spending	New“$1,100 to $1,200”	—	—	—	—	—	—	—
Net rooms growth	New“around 6.5 percent”	—	—	—	—	—	—	—
No period stated
Net rooms growth	—	—	—	—	New“mid-single-digit range”	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.