Insights 
VT 
Marriott International Inc. (NASDAQ: MAR) shows a promising long-term upward trend using Elliott Wave analysis. The monthly chart indicates that a significant correction has concluded, initiating a new upward cycle.
From the 2009 low, Marriott formed a five-wave pattern, finishing wave (I) near the 2018 high. A correction between 2018 and 2020 followed, forming an a–b–c structure, completing wave (II) at approximately $46.24. As long as Marriott remains above this level, the bullish outlook is valid.
After completing wave (II), Marriott began a new bullish phase. The five-wave rally completed wave I of a larger degree (III), followed by a minor correction forming wave II. The stock now appears to be starting wave III, often the strongest phase in Elliott Wave analysis.
Analysts suggest trading in the direction of the main trend, avoiding selling against it. Instead, traders can seek pullbacks for new buying opportunities.
Marriott benefits from a global travel recovery, with rising hotel demand and steady earnings growth reinforcing its bullish prospects. If the current pattern persists, wave III could achieve new highs in the coming years.
In conclusion, Marriott’s Elliott Wave structure remains bullish above $46.24, supporting long positions as the market maintains a favourable trend.
The Elliott Wave structure for Marriott indicates a strong bullish trend is underway, suggesting we should focus on upward-looking strategies in the coming weeks. The analysis points to the stock being in the early stages of a powerful Wave III, which is often the strongest and most extended part of a trend. This pattern suggests that selling against the primary trend is not a recommended course of action.
This technical view is supported by very strong travel data released this quarter. For example, reports from the Global Business Travel Association in September 2025 confirmed corporate travel spending has now fully recovered and surpassed 2019 levels. This follows Marriott’s own third-quarter earnings beat last week, where revenue per available room (RevPAR) saw a 12% year-over-year increase.
For derivative traders, this means we should use any minor price dips as opportunities to establish bullish positions. Buying call options with expirations in January or February 2026 would provide direct upside exposure. Using bull call spreads is another good strategy to lower the initial cost, especially if implied volatility is elevated.
We saw how consumer demand for travel powered through the inflation and rate hikes of 2023 and 2024, creating a resilient base for growth. While the long-term invalidation level from the 2020 low is $46.24, a more relevant support for our immediate trades is the recent consolidation near $265. As long as the price holds above that area, the path of least resistance remains higher.
