Marriott International Inc. (NASDAQ: MAR) is seeing a positive long-term trend according to Elliott Wave analysis. The monthly chart suggests that a major correction is over, leading to a new upward phase. Since the low in 2009, Marriott has created a five-wave pattern. Wave (I) peaked near the 2018 high. Then, between 2018 and 2020, the stock corrected, forming an a–b–c structure that concluded wave (II) at about $46.24. As long as Marriott stays above this level, the outlook remains bullish. After wave (II), Marriott entered a new positive phase. It completed wave I of a larger wave (III) with a strong five-wave rally, followed by a small correction for wave II. The stock now appears to be starting wave III, which is typically the strongest part of the Elliott Wave cycle. Analysts recommend trading with the main trend and avoiding selling against it. Instead, investors should look for pullbacks to find new buying opportunities. Marriott is benefiting from the recovery in global travel. Increased hotel demand and steady earnings growth strengthen its positive outlook. If the current pattern continues, wave III could reach new highs in the coming years. In summary, Marriott’s Elliott Wave structure remains bullish above $46.24, supporting long positions as the market continues on a positive path. The analysis indicates a strong upward trend for Marriott, suggesting we should focus on buying strategies in the upcoming weeks. The stock is in the early stages of a powerful wave III, which is typically the strongest part of a trend. Selling against this primary trend is not advisable. This technical perspective is backed by strong travel data released this quarter. For example, the Global Business Travel Association reported in September 2025 that corporate travel spending has fully recovered and even exceeded 2019 levels. Additionally, Marriott’s third-quarter earnings report last week showed a 12% year-over-year increase in revenue per available room (RevPAR). For those trading options, minor price dips should be seen as chances to create bullish positions. Buying call options that expire in January or February 2026 would give direct exposure to upside potential. Bull call spreads are another effective strategy to reduce initial costs, especially during times of high implied volatility. Consumer demand for travel has shown resilience despite inflation and interest rate hikes in 2023 and 2024, creating a strong foundation for growth. While the long-term invalidation level from the 2020 low is $46.24, recent support for immediate trades is around $265. As long as the price stays above this level, the most likely direction is upward.

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