Marriott International Reports Q3 Earnings Beat and Raises Annual Outlook
Marriott International (MAR) reported third-quarter financial results that exceeded analyst expectations for both top and bottom lines. The company's performance was driven by a 6.5% increase in revenue per available room (RevPAR), an expanded room inventory, and higher fees generated from its co-branded credit card programs. Following these strong results, Marriott has raised its full-year outlook to reflect the strength of its development pipeline and sustained RevPAR growth. The positive momentum in premarket trading suggests investor confidence in the company's ability to scale operations and maintain profitability through the remainder of the fiscal year.
Tickers: $MAR
Topics: earnings beat hospitality revenue growth RevPAR
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