Hotel companies posted widespread U.S. RevPAR gains in the third quarter of 2026, supported by improved ADR and occupancy levels. 

Most companies saw solid demand across customer segments and chain scales, with luxury serving as a bright spot for some, hotel executives reported during earnings calls. The World Cup also provided a welcome boost to hotel balance sheets in Q3. On the quarterly results, several industry players raised their full-year RevPAR growth outlooks. 

Q3 results weren’t as rosy for Las Vegas operators, such as MGM Resorts International and Caesars Entertainment, which saw revenues decline in the market. The two companies also engaged with respective takeover bids during the quarter. Fertitta Entertainment is set to acquire Caesars, while People Inc. dropped its proposal to buy MGM in September. 

Meanwhile, on the development front, hotel companies expanded their portfolios and pipelines in Q3 with new openings and signings. 

Infrastructure-related projects remained a strong opportunity for Choice Hotels International and Wyndham Hotels & Resorts in the quarter, as both focus on growth in the extended stay sector. And hotel conversions drove growth for Marriott International, Hilton and IHG Hotels & Resorts. 

Several companies also furthered their technology and loyalty strategies during Q3, with newly appointed leaders in both spaces set to drive advancement into next year. 

Below is a roundup of Hotel Dive’s Q3 earnings coverage, with insights into companies’ results and future plans: