Marriott International, Inc. (MAR) is scheduled to release second-quarter 2024 results on Jul 31, before the opening bell.In the last quarter, the company’s earnings missed the Zacks Consensus Estimate by 1.8% while the revenues marginally surpassed the same by 0.1%.Marriott’s earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 17.6%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for second-quarter earnings pe ...

Wall Street analysts expect Marriott International (MAR) to post quarterly earnings of $2.49 per share in its upcoming report, which indicates a year-over-year increase of 10.2%. Revenues are expected to be $6.44 billion, up 6% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

JHVEPhoto Cheaper airfares and a still-solid labor market combine to make a significant tailwind for international hotels. Marriott International (NASDAQ:MAR) has not surprisingly returned nearly 40% from when I last analyzed the stock in the second quarter of 2023. Revenge travel trends may be over, but individuals, businesspeople, and families continue to fly the friendly skies and enjoy the amenities of quality hotels around the world. I am downgrading MAR from a buy to a hold, however. I see the sto ...

Strong Developer Value and Elevated Owner Experiences Continue to Fuel Growth for Marriott Branded Residences Portfolio BETHESDA, Md., July 22, 2024 /PRNewswire/ -- Today, Marriott International, Inc. (NASDAQ: MAR) announces the continued growth and global leadership of Marriott Branded Residences, along with enhanced Residence Owners benefits through ONVIA, the company's newly integrated Owner recognition platform.The Residences at The St. Regis Costa Mujeres ResortFor nearly 25 years, Marriott Internation ...

In the past year, shares of Marriott International, Inc. (MAR) have gained 28.9% compared with the industry’s 27.1% growth. MAR’s solid start to 2024 is a testament to its strategic initiatives and robust operational performance. By leveraging its diverse customer base, advancing digital transformation, expanding its loyalty program and executing strategic developments, the company is well-positioned to sustain its growth trajectory and deliver exceptional value to its stakeholders. However, elevated invest ...

BETHESDA, Md., July 10, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) will report second quarter 2024 earnings results on Wednesday, July 31, 2024, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Wednesday, July 31, 2024, at 8:30 a.m. (ET). Marriott International President and Chief Executive Officer Anthony Capuano and Chief Financial Officer and Executive Vice President, Development Leeny Oberg will discuss the company ...

Perfectly nestled between Vail and Beaver Creek's prime attractions. AVON, Colo., July 9, 2024 /PRNewswire/ -- The 116-suite SpringHill Suites by Marriot and 127-suite TownePlace Suites by Marriott in Avon, Colorado opened Tuesday, June 25th, 2024. With pet friendly suites embracing a mountain ethos, we offer unparalleled flexibility to tailor our guests experience. Located at 1782 Swift Gulch Road, the all-suite dual brand hotel will operate as a Marriott franchise. Owner JMA Ventures, LLC served as the pr ...

BETHESDA, Md., July 10, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2024 Serve 360 Report highlighting the company's global Environmental, Social, and Governance ("ESG") efforts and progress towards its 2025 Sustainability and Social Impact Goals. The Report reflects data for the calendar year ended December 31, 2023. The Report can be accessed here.2024 Serve 360 ReportThis year, the Report features an "Around The World Highlights" addendum, which showcas ...

Company Overview - Marriott International is a global licensor, franchisor, and operator of hotels, timeshare, residential, and other lodging properties, with brands including The Ritz-Carlton, JW Marriott, Sheraton, and Westin among others [2] - The company operates in two reportable business segments: US & Canada and International [2] Digital Transformation Strategy - Marriott is leveraging emerging technologies such as augmented reality, AI, IoT, cloud, big data, and robotics to achieve operational efficiency and enhance customer experience [4] - The company is transforming into a data-driven organization using the Snowflake data platform [4] - In 2024, Marriott selected Oracle Fusion Cloud Human Capital Management platform to manage its workforce and support associate growth [4] Technology Initiatives and Investments - The company's technology initiatives are detailed with insights into technology themes, objectives, and benefits, providing a clear understanding of strategic intent [3] - Marriott's estimated ICT budgets and major ICT contracts highlight its financial commitments and priorities in advancing technological infrastructure [3] Partnerships and Innovation Programs - Marriott has a network of partnerships, investments, and acquisitions, including collaborations with companies like Oracle, Snowflake, and Amadeus [6] - The company is involved in accelerators, incubators, and other innovation programs to drive technological advancements [6] Key Insights - The report provides comprehensive insights into Marriott's tech operations, strategies, innovation initiatives, and technology themes under focus [5] - It also covers details of product launches, partnerships, and investment strategies [5]

The Luxury Group by Marriott International launches extensive research among affluent travelers across six markets 68% spending more on leisure travel with 74% respondents planning an intra-regional holiday within Asia-Pacific (APAC)Australia is the top destination in next 12 months ahead of Japan, with 46% planning to visitIndian HNW are driving luxury travel with 89% Indians planning to spend more in next 12 monthsHigh-end gastronomy is the primary driver for luxury travel with 88% planning holidays aroun ...