MAR: Marriott needs travel demand to keep converting into fee-rich cash flow

Marriott reported FY2025 revenue of $26.2 billion and Q1 2026 revenue of $6.7 billion. The thesis depends on global travel demand, net rooms growth, fee economics, margins and cash returns.

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Marriott reported FY2025 revenue of $26.2 billion and Q1 2026 revenue of $6.7 billion. The thesis depends on global travel demand, net rooms growth, fee economics, margins and cash returns.

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SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, exchange, ticker and CIK.SEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and accession records.SEC XBRL APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement cross-checks.Annual reportAnnual report2026-02-10 · Business, risk and annual financial disclosure.Quarterly reportLatest Form 10-Q2026-05-06 · Latest interim financials.Current reportLatest Form 8-K2026-05-13 · Latest current-report context.Proxy statementProxy statement2026-03-27 · Governance and incentives.