Quartz·1 min read·medium
Marriott's pipeline hit a record 629,000 rooms and Q2 profit rose to $844 million
✦AI Summary
Marriott International reported record growth in its development pipeline and a strong second-quarter profit of $844 million. However, the company's third-quarter profit outlook fell short of Wall Street expectations, leading to mixed market reactions.
The hotel company lifted its 2026 global RevPAR growth target to 3%–3.5%, up from a prior range of 2%–3%, but its third-quarter profit outlook missed Wall Street estimates
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