Marriott Beats Q2 Expectations, Raises Guidance on Strong US Demand

Marriott International delivered strong second-quarter earnings, surpassing expectations and boosting its full-year guidance. The company's adjusted diluted earnings per share rose 20% year-over-year to $3.19, driven by a 5% increase in revenue per available room (RevPAR) in the U.S. and Canada.

The region's RevPAR growth was broad-based, with luxury rising over 9%, select service up more than 4%, and leisure climbing 7%. Internationally, results were mixed, with Europe growing over 4% and APAC rising 5%.

Marriott announced new long-term co-branded credit card agreements with JPMorgan Chase and American Express, expected to add $30 million in fees this year. The company's development pipeline reached a record approximately 629,000 rooms, up 7% year-over-year, driven by strong owner confidence.