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 ...

Core Viewpoint - Cheaper airfares and a solid labor market are driving demand for international hotels, benefiting Marriott International, which has seen nearly 40% stock appreciation since Q2 2023. However, the stock is now considered fully valued, leading to a downgrade from buy to hold ahead of upcoming earnings reports [2][4][16]. Financial Performance - In Q1 2024, Marriott reported non-GAAP EPS of $2.13, slightly below the consensus estimate of $2.16, while revenue reached $6.0 billion, a 6.4% increase year-over-year, which was a modest beat [4][5]. - The company’s adjusted EBITDA for Q1 was $1.14 billion, up from $1.1 billion the previous year, and it added 46,000 net rooms, largely due to a partnership with MGM Resorts International [5]. - Analysts expect Q2 operating EPS to be $2.48, an increase from $2.26 in the same period last year, with a projected stock price swing of 3.8% post-earnings [5][12]. Growth and Valuation - Comparable systemwide RevPAR growth was 4.2% globally, but only 1.5% in the US and Canada, with stronger growth in APAC (ex-China), EMEA, and CALA regions [4][6]. - The company raised its FY earnings guidance and plans to return over $4 billion to shareholders this year, increasing its expected capital return by $100 million [5][6]. - Current P/E ratios are in the 20s, indicating a less compelling valuation case despite a long-term average P/E close to 40 [7][8]. Market Position and Risks - Marriott's valuation metrics are weaker compared to peers, with a high-quality growth trajectory and impressive profitability trends, although free cash flow yield is not particularly high [10][11]. - Key risks include potential global economic slowdowns, increased labor costs, geopolitical threats, and supply chain disruptions affecting hotel development [6][10]. Technical Analysis - The stock has shown an uptrend since mid-2022, with recent price action indicating a slowdown in momentum. Support is seen in the $226 to $229 range, while resistance is noted between $255 and $260 [14][15][16].

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 ...

BETHESDA, Md., June 19, 2024 /PRNewswire/ -- Marriott Bonvoy, Marriott International's award-winning travel program, and The J. Willard and Alice S. Marriott (JWASM) Foundation are combining forces to donate $500,000 to World Central Kitchen (WCK), the non-profit organization founded by renowned chef José Andrés. The donation is expected to greatly enhance WCK's ability to provide meals in the wake of natural disasters and crises around the world, helping those in need receive the nutrition and support they ...