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Marriott International(MAR) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 ____________________________________________ ...
Marriott International(MAR) - 2023 Q2 - Earnings Call Presentation
2023-08-10 14:54
NEWS MARRIOTT INTERNATIONAL REPORTS SECOND QUARTER 2023 RESULTS AND RAISES FULL YEAR OUTLOOK • Second quarter 2023 comparable systemwide constant dollar RevPAR increased 13.5 percent worldwide, 6.0 percent in the U.S. & Canada, and 39.1 percent in international markets, compared to the 2022 second quarter; • Second quarter reported diluted EPS totaled $2.38, compared to reported diluted EPS of $2.06 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $2.26, compared to second quarter 2022 a ...
Marriott International(MAR) - 2023 Q2 - Earnings Call Transcript
2023-08-01 16:33
Marriott International, Inc. (NASDAQ:MAR) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Jackie McConagha - Senior Vice President, Investor Relations Tony Capuano - President & Chief Executive Officer Leeny Oberg - Chief Financial Officer & Executive Vice President, Development Betsy Dahm - Vice President of Investor Relations Conference Call Participants Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Joe Greff - JPMorgan Richard Clarke - Bernstein David K ...
Marriott International(MAR) - 2023 Q2 - Quarterly Report
2023-07-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 _________________________________________________ ...
Marriott International, Inc. (MAR) Morgan Stanley Inaugural Travel & Leisure Conference (Transcript)
2023-06-06 16:48
Summary of Marriott International, Inc. Conference Call Company Overview - **Company**: Marriott International, Inc. (NASDAQ: MAR) - **Industry**: Hospitality and Travel - **Key Metrics**: Over 1.5 million rooms in nearly 140 countries, with 20 more in the pipeline [1][3] Core Insights - **Revenue and EPS Growth**: Achieved 12% revenue growth and 48% EPS growth compared to 2019 levels, indicating strong recovery and resilience in the travel sector [1][3] - **Business Model Resilience**: The asset-light model and diversified portfolio have proven effective in recovering from the pandemic, showcasing the strength of the company's strategy [3][6] - **Blended Trip Purpose**: The trend of combining business and leisure travel is expected to persist, enhancing long-term business prospects [7][8] - **Technology Integration**: Technology will play a crucial role in improving operational efficiency and enhancing guest experiences, with a focus on creating capacity for associates rather than replacing jobs [8][29] Growth Strategies - **International Expansion**: 57% of the pipeline is outside the U.S., with significant growth potential in international markets [9][19] - **Acquisition of City Express**: This acquisition adds approximately 17,000 rooms and strengthens Marriott's position in the Caribbean and Latin America, marking entry into the mid-scale tier [11][12] - **New Brand Development**: Introduction of a new extended stay mid-scale offering, reflecting the demand for temporary accommodations [14][15] Market Dynamics - **Pipeline Confidence**: The company maintains a robust pipeline of about 500,000 rooms, with a forecasted net unit growth of 4% to 4.5% for 2023 [19][20] - **Conversion Activity**: Increased conversion activity is noted, with nearly a third of volume coming from conversions, driven by favorable market conditions [21][23] - **Impact of Economic Conditions**: Despite concerns about economic downturns, current data does not indicate a significant negative impact on business, with a shift in consumer spending towards experiences rather than goods [42][46] Group and Business Travel - **Group Travel Recovery**: Group bookings have shown strong recovery, with a 16% increase in booking pace, indicating a robust demand for group travel [49][50] - **Business Transient Travel**: Small and medium-sized businesses have fully recovered, while large multinationals are gradually returning to pre-pandemic levels [52] Regional Insights - **Asia-Pacific Market**: The APAC region is experiencing strong recovery, with Greater China showing significant domestic demand but slower recovery in cross-border travel [55] Financial Performance - **April Results**: Worldwide RevPAR increased by 16% year-over-year, with occupancy up 6% and ADR up 7%, indicating positive momentum heading into the second quarter [58] Conclusion - **Future Outlook**: Marriott International is well-positioned for continued growth, leveraging its diversified portfolio, technology investments, and strategic acquisitions to navigate the evolving travel landscape [46][48]
Marriott International(MAR) - 2023 Q1 - Earnings Call Transcript
2023-05-02 16:32
Marriott International, Inc. (NASDAQ:MAR) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Jackie Burka - SVP, IR Tony Capuano - President and CEO Leeny Oberg - CFO and EVP, Business Operations Conference Call Participants Joe Greff - JPMorgan Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Shaun Kelley - Bank of America Smedes Rose - Citi Patrick Scholes - Truist Securities Richard Clarke - Bernstein Dori Kesten - Wells Fargo Brandt Montour - Barclay ...
Marriott International(MAR) - 2023 Q1 - Quarterly Report
2023-05-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 ________________________________________________ ...
Marriott International(MAR) - 2022 Q4 - Earnings Call Transcript
2023-02-14 17:36
Marriott International, Inc. (NASDAQ:MAR) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Jackie Burka - Investor Relations Tony Capuano - President and Chief Executive Officer Leeny Oberg - Chief Financial Officer and Executive Vice President, Business Operations Conference Call Participants Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Joe Greff - JPMorgan Robin Farley - UBS Richard Clarke - Bernstein Smedes Rose - Citi Patrick Scholes - Truist Securi ...
Marriott International(MAR) - 2022 Q4 - Annual Report
2023-02-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 MARRIOTT INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 52-2055918 (State or other jurisdiction of (IRS Em ...
Marriott International, Inc. (MAR) Barclays 8th Eat, Sleep, Play Conference (Transcript)
2022-11-30 18:05
Marriott International, Inc. (NASDAQ:MAR) Barclays 8th Eat, Sleep, Play Conference November 30, 2022 8:45 AM ET Company Participants Leeny Oberg - Chief Financial Officer and Executive Vice President, Business Operations Conference Call Participants Brandt Montour - Barclays Capital Brandt Montour I am very excited to have the CFO of Marriott here, Leeny Oberg, in town for not only this, but their annual Christmas party later this week, which is famous for tiny cupcakes. Right? Leeny Oberg I was going to s ...