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Marriott International (MAR) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-28 15:05
The market expects Marriott International (MAR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected ...
Marriott International Announces the Addition of Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive, its 500th Property in the Caribbean and Latin America
Prnewswire· 2024-10-28 13:00
Core Insights - Marriott International has opened its 500th property in the Caribbean and Latin America region, specifically the Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive, highlighting the company's growth in the luxury segment [2][3] - The new resort represents Marriott's first luxury all-inclusive offering in Mexico and expands its Luxury Collection brand to four properties in the country, reinforcing its presence in the high-demand market of Isla Mujeres [3][4] Company Expansion - Over the past three years, Marriott's portfolio in the Caribbean and Latin America has increased from 300 to 500 properties, with approximately 10% of its global luxury portfolio located in this region [3] - The Almare resort is the 62nd luxury property for Marriott's Luxury Group, which includes renowned brands such as The Ritz-Carlton and JW Marriott [4] All-Inclusive Segment Growth - Since entering the all-inclusive segment in 2019, Marriott has expanded to 35 all-inclusive properties, focusing on providing authentic luxury experiences for sophisticated travelers [5] - The Almare resort features 109 suites with ocean views, multiple dining venues, a spa, and an infinity pool, catering to the luxury market [6] Booking and Loyalty Program - The Almare resort is available for booking on Marriott's website and participates in the Marriott Bonvoy travel program, allowing members to earn and redeem points [7]
Should You Buy Marriott International (MAR) After Golden Cross?
ZACKS· 2024-10-23 14:56
Marriott International, Inc. (MAR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MAR's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving a ...
Marriott International Announces Release Date For Third Quarter 2024 Earnings
Prnewswire· 2024-10-10 20:45
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]
Opportunities in the $181 Billion Spa Industry, 2024-2030, Featuring Strategic Profiles of Key Players - CRED International, Windsor Hotel, Marriott International, The Ritz-Carlton Spa & More
GlobeNewswire News Room· 2024-10-10 08:01
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 ...
TICKETS NOW ON SALE FOR THE 16th ANNUAL RITZ-CARLTON CAYMAN COOKOUT
Prnewswire· 2024-10-04 23:13
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 ...
The Ritz-Carlton Makes Bold Fashion Debut Through Exclusive Collaboration with Late Checkout
Prnewswire· 2024-10-01 13:00
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 ...
25 Best Stocks for Your October Portfolio
Schaeffers Investment Research· 2024-09-30 18:59
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 to Open Londoner Grand in Macao With Sands China
ZACKS· 2024-09-25 17:40
Core Viewpoint - Marriott International, Inc. is launching its Luxury Collection brand in Macao through a partnership with Las Vegas Sands Corp.'s subsidiary, Sands China Ltd, with the Londoner Grand hotel set to open in January 2025 [1] Group 1: Hotel Details - The Londoner Grand hotel will feature 2,405 rooms and suites, combining luxury with local Macao charm, showcasing Georgian architecture and Mayfair-inspired decor [2] - The hotel is strategically located near Macao's entertainment, shopping, and dining districts, as well as cultural sites like Senado Square and Ruins of St. Paul's, enhancing its appeal [2] - Dining options at the hotel will include Hampton Court, Chelsea Garden, and The Conservatory, providing guests with a unique culinary experience [3] Group 2: Global Expansion - Marriott operates nearly 8,785 properties across 139 countries and territories, focusing on expanding its global presence to meet international hotel demand [4] - In Q2 2024, Marriott added approximately 15,500 net rooms, with strong signing activity particularly in the Asia Pacific excluding China region and Greater China, resulting in a pipeline of over 559,000 rooms [4] - The company aims to strengthen its presence outside the U.S., especially in Asia, Latin America, the Middle East, and Africa, with a consistent growth in its European pipeline [4] Group 3: Stock Performance - Over the past three months, Marriott's shares have increased by 2.4%, while the Zacks Hotels and Motels industry has grown by 4.6% [6] - In the past month, Marriott's shares rose by 10.1%, outperforming the industry's 8.2% growth [6] - Despite weaker demand in China, ongoing global expansion and investment opportunities are expected to support Marriott's growth [7] Group 4: Company Overview - Las Vegas Sands Corp. is a leading developer of integrated resorts, primarily in the U.S. and Asia, with its Macao properties operated by Sands China Ltd [8] - The company has a trailing four-quarter earnings surprise of 2.1% on average, with a Zacks Consensus Estimate indicating 9.8% growth in sales and 29.6% growth in EPS for 2024 [8]
EB5 Capital's Steamboat Springs Marriott Hotels (JF40) Project Receives I-956F Approval from USCIS
GlobeNewswire News Room· 2024-09-18 21:06
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 ...