Core Points - Marriott International, Inc. will report its third quarter 2024 earnings results on November 4, 2024, at approximately 7:00 a.m. Eastern Time [1] - A conference call for the investment community will take place on the same day at 8:30 a.m. Eastern Time, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing the company's performance [1] - The conference call will be accessible via Marriott's investor relations website, with a replay available for one year [1] Conference Call Details - The telephone dial-in number for the conference call is US Toll Free: 800-274-8461 or Global: +1 203-518-9843, with conference ID MAR3Q24 [2] - A telephone replay of the conference call will be available from 1:00 p.m. ET on November 4, 2024, until 8:00 p.m. ET on November 11, 2024 [2] Company Overview - Marriott International, Inc. is based in Bethesda, Maryland, and operates approximately 9,000 properties across more than 30 brands in 141 countries and territories [3] - The company offers a travel program called Marriott Bonvoy® [3]

Dublin, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The "Spa Industry by Type, Application, Market Type, Region - Global Market Size, Industry Dynamics, Opportunity Analysis and Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering. The global spa market size was estimated to be around USD 98.8 billion in 2023. It is projected to grow and reach approximately USD 181.2 billion by 2030, with a compound annual growth rate (CAGR) of about 9.1% during the forecast period from 2023 to 2030. The spa ...

Award-winning Chefs Eric Ripert, Daniel Boulud, José Andrés, Andrew Zimmern gather for this unforgettable Caribbean journey January 15-20, 2025. High-Res Images of The Ritz-Carlton, Grand Cayman's 15th Annual Cayman Cookout Here GRAND CAYMAN, Cayman Islands, Oct. 4, 2024 /PRNewswire/ -- The first and only Forbes Triple Five-Star hotel in the Caribbean – The Ritz-Carlton, Grand Cayman – announces that tickets are on sale for the 16th annual Cayman Cookout. The premier culinary event will take place from Janu ...

An Unconventional Approach to Timeless Elegance BETHESDA, Md., Oct. 1, 2024 /PRNewswire/ -- Today The Ritz-Carlton announced a bold, unexpected collaboration, unveiling its inaugural capsule collection alongside Madrid's hottest menswear label, Late Checkout. This exclusive drop titled Late Checkout: A Ritz-Carlton Story features nine meticulously curated pieces that redefine everyday luxury—elevating wardrobe essentials with a dash of irreverence and playful sophistication. Late Checkout: A Ritz-Carlton St ...

Core Viewpoint - Marriott International Inc (NASDAQ: MAR) is identified as one of the best stocks to own in October, following a strong performance in September [1]. Performance Analysis - Over the past 10 years, MAR has finished October higher eight times, with an average gain of 4% [2]. - The stock is noted as the best performer among travel and leisure stocks, outperforming Las Vegas Sands (LVS) [2]. - The stock was last seen trading at $50.41, down 1.4%, but is not far from its record high of $260.57, reflecting a year-over-year increase of 26.4% [3]. Options Market Sentiment - Options traders are currently leaning bearish, with a 50-day put/call volume ratio of 1.49, indicating a strong appetite for puts [4]. - There is potential for a positive shift in analyst sentiment, as 17 out of 23 analysts maintain a "hold" rating [4]. - Options are currently affordably priced, with a Schaeffer's Volatility Index (SVI) rating of 20%, ranking in the low 8th percentile of its annual range [4].

Marriott International, Inc. (MAR) is set to debut its Luxury Collection brand in Macao, in collaboration with Las Vegas Sands Corp.’s (LVS) subsidiary Sands China Ltd. The Luxury Collection hotel, Londoner Grand, is expected to open in January 2025.MAR stock rallied 2.4% during the trading hours and inched up 0.1% in the after-hours on Tuesday, following the collaboration announcement.Perks of MAR’s New Hotel OpeningSituated in Macao's Cotai Strip, the 2,405 rooms and suites hotel blends the brand’s classi ...

WASHINGTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- EB5 Capital is excited to announce that its Steamboat Springs Marriott Hotels (JF40) project was approved by the United States Citizenship and Immigration Services (USCIS) on September 13, 2024, after pending for approximately 2 months.   This Form I-956F approval confirms that USCIS has assessed and verified the compliance of the project and its related documents. Now that the project is approved by USCIS, investors who filed I-526E conditional green card peti ...

DA NANG, Vietnam, Sept. 10, 2024 /PRNewswire/ -- Nestled along the serene shores of Non Nuoc Beach, Danang Marriott Resort & Spa, Non Nuoc Beach Villas has quickly become a haven for families seeking tranquility, relaxation, and peace by the sea. As the resort marks its first anniversary this September, guests can look forward to a series of exciting events, special deals, and more. The beachfront resort offers traveler tranquil oasis with lots of family fun activitiesQuality family time spending by the poo ...

HAIKOU, CHINA - SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)Chinese travelers are taking more last-minute trips as they become more cautious with spending amid a lackluster economic recovery.There is a "real crisis of consumer confidence" in China, Anthony Caputano, president and CEO of Marriott International said at the Bank of America Gaming an ...

Summary of Marriott International, Inc. Conference Call Company Overview - **Company**: Marriott International, Inc. (NASDAQ: MAR) - **Event**: BofA Gaming and Lodging Results Conference - **Date**: September 5, 2024 Key Points Industry Insights - **Travel and Tourism Sector**: The sector is showing resilience despite economic uncertainties, with consumers prioritizing travel and experiences over other expenditures [10][11] - **Political Landscape**: The upcoming elections in Washington D.C. are expected to create a gridlock in federal government, which may lead to minimal changes in tax and labor policies [7][8] Financial Performance - **Leisure Segment Growth**: Leisure RevPAR (Revenue per Available Room) grew 40% globally over the past five years, with a normalization trend showing 2% growth in Q2 and July [13][14] - **Business Transient Recovery**: Steady quarter-over-quarter improvement in business transient travel, with small and medium-sized businesses recovering faster than large corporates [16] - **Group Segment Outlook**: High single-digit revenue growth expected for the group segment in 2024 and 2025 based on forward bookings [16] Market Challenges - **China Market Weakness**: Significant macroeconomic challenges in China, leading to a 10% decline in RevPAR in July. However, long-term growth potential remains strong, with record deal signings in the first half of 2024 [21][23] - **Consumer Confidence**: A crisis of consumer confidence in China is affecting demand, particularly in secondary and tertiary markets [21][28] Development and Growth Strategy - **Construction Activity**: U.S. and Canada construction starts increased by 40%, indicating a positive trend in development activity [34] - **Conversion Strategy**: Focus on conversions as a growth strategy, with a significant portion of signings and openings coming from conversions [35][47] - **Long-term Growth Targets**: Confidence in achieving a multiyear CAGR of 5% to 5.5% in net unit growth [54] Technology Investments - **Technology Overhaul**: Major investment in re-platforming key technology systems (reservations, property management, loyalty) to enhance guest experience and operational efficiency [57][59] - **Revenue Enhancement Opportunities**: New technology platforms expected to improve revenue generation by facilitating easier access to various services for guests [60] Miscellaneous - **Private Charter Business**: Notable growth in private charter business for the Ritz-Carlton Yacht, indicating a new revenue stream [5] - **Geopolitical Factors**: Ongoing geopolitical issues affecting inbound travel to China, impacting overall performance [30] This summary encapsulates the key insights and developments discussed during the conference call, highlighting the current state and future outlook of Marriott International and the broader hospitality industry.