Marriott Q3: U.S. & Canada RevPAR +7.4%; Choice U.S. +3.8%

Marriott’s comparable systemwide constant-dollar U.S. & Canada RevPAR jumped 7.4% in Q3 — Choice’s system-wide U.S. RevPAR rose 3.8%. Owner math from the company releases only.

By Nathan Snyder, Editor · November 2, 2026

Featured image: Marriott International headquarters, Bethesda, Md. — Photo: Farragutful / Wikimedia Commons, CC BY-SA 4.0.

Marriott International (Nasdaq: MAR) reported third-quarter 2026 results Nov. 2 with comparable systemwide constant-dollar RevPAR up 7.4% in the U.S. & Canada, 6.5% worldwide, and 4.4% in international markets, according to the company’s earnings release. Franchise and base management fees reached $1,341 million (+13%), incentive management fees $181 million (+22%), and the worldwide development pipeline stood at 4,209 properties and more than 634,000 rooms. Marriott raised its full-year 2026 worldwide RevPAR outlook to 4.5% to 5.0% from the prior 3.0% to 3.5% (Aug. 3 Q2 release / SEC Ex. 99). Separately, Choice Hotels (NYSE: CHH) reported Nov. 2 on its investor-relations site that system-wide U.S. RevPAR rose 3.8% in Q3, with economy brands +3.5% and extended-stay +6.2%, franchise and management fees of about $204 million (+5%), adjusted EBITDA of $193 million, a global pipeline of 78,200 rooms, and raised full-year RevPAR outlooks of 1.5% to 2.5% for the U.S. (prior 0% to 1.25%) and 1.5% to 2.5% globally (prior 0% to 1%).

Figures come from Marriott’s Nov. 2 Q3 release (and its Aug. 3 Q2 release for prior guidance) and Choice’s Nov. 2 investor-relations release. Marriott reports RevPAR on a comparable systemwide constant-dollar basis; Choice reports system-wide figures, so the two aren’t directly comparable.

Marriott: U.S. & Canada +7.4% Comparable Constant $

Marriott’s Nov. 2 release states that third-quarter worldwide RevPAR increased 6.5% constant dollar (6.4% actual dollars). U.S. & Canada RevPAR rose 7.4% (7.3% actual), and international RevPAR rose 4.4% (4.4% actual). Footnote 1 defines those prints as systemwide constant dollar on a comparable year-over-year basis. President and CEO Anthony Capuano said the quarter reflected “continued momentum across our business,” with U.S. & Canada RevPAR up “over 7 percent, with broad-based growth across customer segments and chain scales.”

On fees that flow from owner properties: franchise and base management fees totaled $1,341 million in Q3, up 13% from $1,190 million a year earlier, “primarily driven by higher co-branded credit card fees, higher RevPAR and rooms growth,” the release says. Incentive management fees were $181 million, up from $148 million (+22%). “All regions posted positive growth year over year, with incentive fees in the U.S. & Canada up meaningfully,” the release says. Adjusted EBITDA was $1,512 million, up 12% from $1,349 million.

Rooms and pipeline: Marriott added roughly 20,100 net rooms in the quarter and said net rooms grew 4.6% year over year. At quarter-end the worldwide development pipeline totaled 4,209 properties and more than 634,000 rooms — a new record, the company said. Capuano cited conversions as “over a third of signings and over 40 percent of openings during the first nine months of the year.”

Guide Check: Q3 Beat the 3.5–4.0% Call

On Aug. 3, Marriott’s Q2 release (SEC Exhibit 99) guided third-quarter 2026 worldwide RevPAR growth to 3.5% to 4.0% and full-year worldwide RevPAR to 3.0% to 3.5%. Actual Q3 worldwide RevPAR came in at +6.5% comparable constant dollar — above that prior Q3 band. On Nov. 2 the company raised its full-year 2026 worldwide RevPAR outlook to 4.5% to 5.0% from that prior 3.0% to 3.5% and left net rooms growth at the “low end of 4.5% to 5%.”

International color from the Nov. 2 release and schedules: Capuano said international RevPAR increased over 4%, led by APEC at over 9% (systemwide Asia Pacific excluding China +9.3%), while EMEA RevPAR rose over 4% on solid Europe growth (systemwide Europe +6.4%). Middle East & Africa systemwide RevPAR was still down 5.3% — an improvement from the Aug. 3 Q2 release’s systemwide Middle East & Africa decline of 33.1% (and Capuano’s Q2 note of a 43% Middle East decline weighing on EMEA). Capuano said the conflict “continued to impact results in that region,” but “trends improved meaningfully from the second quarter.”

Choice: System-Wide U.S. +3.8%, Extended Stay +6.2%

Choice Hotels International’s Nov. 2 IR release reported third-quarter net income of $58 million, or $1.28 per diluted share, and adjusted diluted EPS of $2.33. System-wide U.S. RevPAR increased 3.8% versus the 2025 third quarter — driven by a 1.0% rate increase and a 160-basis-point occupancy gain, per the release — with economy brands +3.5% and extended-stay +6.2% on Choice’s currency-neutral system-wide operating statistics (Exhibit 4). That is Choice’s franchisee-reported system-wide basis — not Marriott’s comparable-hotels definition. Franchise and management fees were about $204 million ($203.7 million), up 5% year over year. Adjusted EBITDA was $193 million.

On development, Choice said global room openings totaled 6,000 in the third quarter and U.S. openings 4,400. Global net rooms grew 1.7% versus Sept. 30, 2025, and the global pipeline totaled 78,200 rooms as of Sept. 30, 2026 — including 30,300 extended-stay rooms (39% of the pipeline) and a U.S. conversion pipeline of 25,500 rooms. Global extended-stay net rooms grew 10.7% — the 13th consecutive quarter of double-digit growth, the release says. President and CEO Dom Dragisich said U.S. net rooms growth “improved for the third consecutive quarter” and that the company expects U.S. net rooms growth to accelerate to about 1% by year-end.

On guidance, keep the bands paired: Choice raised U.S. full-year RevPAR to 1.5% to 2.5% from a Prior Outlook of 0% to 1.25%, and raised global full-year RevPAR to 1.5% to 2.5% from a Prior Outlook of 0% to 1%.

What This Means For Your Hotel…