NEWS Marriott International Reports Second Quarter 2024 Results • Second quarter 2024 comparable systemwide constant dollar RevPAR increased 4.9 percent worldwide, 3.9 percent in the U.S. & Canada, and 7.4 percent in international markets, compared to the 2023 second quarter; • Second quarter reported diluted EPS totaled $2.69, compared to reported diluted EPS of $2.38 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $2.50, compared to second quarter 2023 adjusted diluted EPS of $2.26; • ...

Second quarter 2024 comparable systemwide constant dollar RevPAR increased 4.9 percent worldwide, 3.9 percent in the U.S. & Canada, and 7.4 percent in international markets, compared to the 2023 second quarter;Second quarter reported diluted EPS totaled $2.69, compared to reported diluted EPS of $2.38 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $2.50, compared to second quarter 2023 adjusted diluted EPS of $2.26;Second quarter reported net income totaled $772 million, compared to re ...

New initiative furthers company's commitment to anti-trafficking and survivor empowermentBETHESDA, Md., July 30, 2024 /PRNewswire/ -- At the AHLA Foundation's third annual No Room for Trafficking (NRFT) Summit in connection with World Day Against Trafficking in Persons, Marriott International, Inc. announced the pilot launch of HotelHelp, a rooms donation program for survivors of human trafficking. HotelHelp currently works with Marriott's portfolio of hotels that are willing to donate short-term emergency ...

Marriott International, Inc. (MAR) is scheduled to release second-quarter 2024 results on Jul 31, before the opening bell.In the last quarter, the company’s earnings missed the Zacks Consensus Estimate by 1.8% while the revenues marginally surpassed the same by 0.1%.Marriott’s earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 17.6%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for second-quarter earnings pe ...

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 ...