Marriott Q1 RevPAR +4.2%, EBITDA +15%; Howmet Revenue +19%, Completes $1.8 billion Buy, Both Raise Guidance

Marriott International, the world's largest hotel company by number of managed and franchised properties, reported first-quarter 2026 global revenue per available room (RevPAR) growth of 4.2% year over year. Total fee revenue rose 12% to $1.43 billion, adjusted EBITDA increased 15% to $1.4 billion, and adjusted earnings per share reached $2.72, up 17%. The development pipeline hit a record 618,000 rooms, with conversion signings accounting for over 35% of the total. Marriott operates an asset-light model, with over 99% of its properties owned by third parties. The company will report second-quarter earnings before the market opens on August 3.

Howmet Aerospace, which manufactures precision components for aircraft engines including cast and forged blades, rings, aerospace fasteners, and structural castings, reported first-quarter 2026 revenue of $2.31 billion, up 19% year over year. Adjusted earnings per share were $1.22, a 42% increase, and adjusted EBITDA margin reached 32%, up 320 basis points. Engine spare parts revenue grew 48%, and gas turbine revenue rose 39%, driven by data center power demand. The company has completed contract positioning with six of the seven major gas turbine customers. Full-year guidance calls for revenue of $9.65 billion, adjusted EPS of $4.94, and organic revenue growth of 10% to 14%. Howmet will report second-quarter earnings before the market opens on August 6.