Marriott International (MAR) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 68.40%. A quarter ago, it was expected that this hotel company would post earnings of $2.10 per share when it actually produced earnings of $2.11, delivering a surprise of 0.48%.Over the last four quarters, t ...

Property and Brand Portfolio - At year-end 2023, the company operated 2,096 properties with a total of 589,078 rooms[12]. - The company had 6,563 franchised and licensed properties, totaling 994,354 rooms and timeshare units[17]. - The brand portfolio includes Classic and Distinctive brands, categorized into four quality tiers: Luxury, Premium, Select, and Midscale[19][20][21]. - The company reported a total of 121 JW Marriott properties with 48,430 rooms across various regions[23]. - The Ritz-Carlton brand had 113 properties and 31,179 rooms at year-end 2023[23]. - The Luxury Collection brand included 71 properties with a total of 23,428 rooms[23]. Business Structure and Strategy - The company plans to modify its segment structure starting Q1 2024, reporting four operating segments: U.S. & Canada, Europe, Middle East and Africa, Asia Pacific excluding China, and Greater China[11]. - The company has a long-term focus on management, franchising, and licensing, owning or leasing less than 1% of its lodging properties[10]. - The company’s management agreements typically span 20 to 30 years, with options for renewal[13]. - Marriott's growth strategy relies on attracting third-party owners and franchisees, with future arrangements potentially being less favorable due to competitive market conditions[55]. Customer Engagement and Loyalty - The company operates a loyalty program, Marriott Bonvoy, which is central to its marketing and customer engagement strategies[14]. - Over 60% of global room nights in 2023 were booked by Marriott Bonvoy members, indicating strong loyalty program engagement[26]. - Marriott operates 19 customer engagement centers globally, with 7 located in the U.S.[29]. - Marriott's loyalty program and co-branded credit cards create a diverse revenue stream, contributing significantly to the company's financial performance[27]. - The company has multi-year agreements for co-branded credit cards with JPMorgan Chase and American Express in the U.S.[27]. Financial Performance - In 2023, the company recognized $2,798 million in revenues previously deferred as of December 31, 2022, and had deferred revenue of $7,006 million associated with the Marriott Bonvoy guest loyalty program[178]. - The company reported general and administrative expenses of $1,011 million and reimbursed expenses of $17,424 million in 2023[180]. - Gross fee revenues increased to $4,824 million in 2023, up from $4,078 million in 2022, representing a growth of approximately 18.3%[182]. - Net fee revenues reached $4,736 million in 2023, compared to $3,989 million in 2022, marking an increase of about 18.7%[182]. - The company achieved operating income of $3,864 million in 2023, an increase from $3,462 million in 2022, reflecting a growth of approximately 11.6%[182]. - Net income for 2023 was $3,083 million, compared to $2,358 million in 2022, indicating a year-over-year increase of about 30.7%[182]. - Earnings per share (EPS) for 2023 were $10.23 (basic) and $10.18 (diluted), up from $7.27 and $7.24 in 2022, respectively[182]. - Comprehensive income for 2023 totaled $3,165 million, compared to $1,971 million in 2022, showing a significant increase[185]. Employment and Workforce - Approximately 411,000 associates were employed by Marriott at year-end 2023, including 148,000 directly employed by the company[35]. - Marriott's associate engagement scores exceeded the "Best Employer" external benchmark in 2023, reflecting strong employee satisfaction[37]. - The company aims to maintain its position as an employer of choice by targeting new labor pools and optimizing recruiting practices[36]. - In 2023, Marriott launched a new Leadership Framework to enhance leadership at all levels, integrating refreshed competencies into performance management and development programs[38]. - Marriott provides comprehensive compensation and benefits to U.S. associates, including health care, retirement savings, and employee stock purchase plans, while regularly evaluating competitiveness in global markets[39]. Sustainability and Social Responsibility - Marriott's sustainability strategy includes a commitment to set near-term and long-term science-based emissions reduction targets, aiming for net-zero greenhouse gas emissions by 2050[43]. - The company aims to reduce environmental impacts and enhance community resilience through its sustainability and social impact platform, Serve 360[42]. - The company has trained 1.2 million associates in human trafficking awareness from 2016 to 2023 and donated training programs to the broader lodging industry, with 1.6 million completions by non-Marriott individuals[44]. Risks and Challenges - The company is subject to various global regulations affecting employment practices, marketing, and data privacy, which could impact operations and financial results[56]. - Currency exchange rate fluctuations may significantly affect Marriott's financial results, as revenues and expenses are incurred in foreign currencies[57]. - Labor disputes and collective bargaining activities could disrupt operations and increase labor costs, adversely affecting the company's financial condition[60]. - The company is exposed to risks from extreme weather and climate change, which have previously led to declines in travel demand and increased operating costs[64]. - The company relies on franchisees and licensees for brand management, and any failure by these parties to adhere to brand standards could harm the company's reputation[59]. - The availability of capital for hotel development and refurbishment is crucial for the company’s growth, and constraints in capital markets could hinder this[69]. - The company’s owned and leased properties are subject to various risks, including market conditions and regulatory changes, which could adversely affect revenue[71]. - The company may face challenges in attracting and retaining associates, which could impact operations and guest satisfaction[63]. - The company’s development pipeline includes numerous hotels, but delays or cancellations could negatively affect growth prospects[73]. Financial Reporting and Compliance - The company's internal control over financial reporting was assessed as effective as of December 31, 2023[162]. - The independent auditor issued an unqualified opinion on the effectiveness of the company's internal control over financial reporting[165]. - The consolidated financial statements present fairly the financial position of the company at December 31, 2023, in conformity with U.S. GAAP[172]. - The company has maintained effective internal control over financial reporting in all material respects as of December 31, 2023[165]. - The report includes consolidated statements of income, comprehensive income, stockholders' equity, and cash flows for the three years ended December 31, 2023[172]. Tax and Regulatory Matters - The effective income tax rate for 2023 was 8.7%, significantly lower than 24.3% in 2022[266]. - Cash paid for income taxes in 2023 was $907 million, an increase from $476 million in 2022[267]. - The company made no provision for U.S. income taxes on certain undistributed earnings of non-U.S. subsidiaries, which could be subject to additional taxes if distributed[263].

CNBC's Jim Cramer on Friday prepared investors for next week on Wall Street, saying investors should pay attention as earnings season continues, with reports from companies including Shopify, Marriott and Wendy's.He also recommended researching retail stocks next week before the industry reports a slew of earnings results the week after."Next week seems busy, but, you know what, it's a classic interregnum — Google that — before we get to retail earnings," Cramer said. "Remember, those heavy earnings weeks a ...

BETHESDA, Md., Feb. 8, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on March 29, 2024, to shareholders of record as of the close of business on February 22, 2024. Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,800 properties across more than 30 leading brands in 139 countries a ...

Core Insights - The upcoming quarterly earnings report for Marriott International (MAR) is anticipated to show earnings of $2.12 per share, reflecting an 8.2% increase year-over-year, with revenues expected to reach $6.32 billion, a 6.8% increase from the previous year [1] Revenue Projections - Analysts project 'Revenues- Gross fee revenues' to be $1.21 billion, indicating a year-over-year increase of 7.4% [2] - 'Revenues- Net fee revenues' are forecasted to reach $1.19 billion, representing a 7.5% increase from the prior-year quarter [2] - 'Revenues- Owned, leased, and other revenue' is estimated at $389.78 million, suggesting a decline of 1.6% year-over-year [2] - 'Revenues- Franchise fees' are expected to be $702.02 million, indicating a 6.7% year-over-year increase [3] - 'Revenues- Incentive management fees' are projected at $196.20 million, reflecting a 5.5% increase year-over-year [3] - 'Revenues- Cost reimbursements' are estimated to be $4.74 billion, indicating a 7.3% increase from the year-ago quarter [3] - 'Revenues- Base management fees' are expected to reach $315.90 million, suggesting a 10.1% year-over-year increase [3] Growth Metrics - The 'Comparable Systemwide International Properties - Worldwide - REVPAR Growth Rate' is estimated to be 8.4%, a decrease from the previous year's figure of 28.8% [3] - The total number of 'Rooms - Total' is projected to reach 1,594,567, compared to 1,525,000 in the previous year [4] Stock Performance - Shares of Marriott have increased by 9.3% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 6.5% [4]

Marriott International, Inc. (MAR) is scheduled to release fourth-quarter 2023 results on Feb 13, 2024, before the opening bell. In the previous quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 0.5%.Trend in Estimate RevisionThe Zacks Consensus Estimate for fourth-quarter bottom line is pegged at $2.12 per share, indicating growth of 8.2% from $1.96 reported in the year-ago quarter.For revenues, the consensus mark is pegged at $6.32 billion, suggesting growth of 6.8% from the prior- ...

Marriott International (MAR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this hotel company have returned +9.3% over the past month versus the Zacks S&P 500 composite's +6.5% change. The Zacks Hotels and Motels industry, to which Marriott belongs, has gained 7.3% over this period. Now the key question is: Where could the stock be headed in the near term?While media releas ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Marriott International (MAR) , which belongs to the Zacks Hotels and Motels industry, could be a great candidate to consider.This hotel company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 1.84%.For the most recent quarte ...

Tomsmith585Certain Consumer Discretionary Names are beginning to trade like technology stocks A tremendous melt-up has begun to take hold among certain consumer discretionary names, lifting companies like Marriott to near parabolic status. There is increasing enthusiasm over the soft landing representing a new paradigm of consumer spending enthusiasm and that the good times will keep on rolling. Marriot's stock price ascent is a combination of the company's strong fundamentals, investor enthusiasm on a ...

Following a yearlong transformation, the property is ushering in a new era through a modern lens DALLAS, Feb. 1, 2024 /PRNewswire/ -- The Ritz-Carlton Dallas, Las Colinas, opened its doors on January 23rd, becoming the newest addition to The Ritz-Carlton's collection of over 110 hotels and resorts worldwide. The property has a 38-year-old legacy in the Dallas area and is undergoing a substantial $55 million renovation following its acquisition in 2022 through a joint venture between Trinity Investments and ...