Marriott International, Inc. (NASDAQ:MAR) BofA Gaming and Lodging Results Conference September 5, 2024 10:20 AM ET Company Participants Tony Capuano - President and CEO Conference Call Participants Shaun Kelley - Bank of America Shaun Kelley Good morning, everyone. Thanks for staying with us. So, go ahead and lead into our next fireside chat with Tony Capuano, President and Chief Executive Officer of Marriott International. So, Tony, welcome. Nice to see you. Tony Capuano Thanks, good to be back. Question-a ...

It has been about a month since the last earnings report for Marriott International (MAR) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Marriott due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Marriott Q2 Earnings Top, Revenues Miss, ...

BETHESDA, Md., Aug. 28, 2024 /PRNewswire/ -- Great Place To Work® and PEOPLE magazine have recognized Marriott International as one of the 2024 PEOPLE® Companies that Care. This marks Marriott International's (Marriott) fifth consecutive year on the list and highest placement to date at number four. Marriott's inclusion on the list is a recognition of the company's focus on its sustainability and social impact platform, Serve 360: Doing Good in Every Direction.Great Place To Work® and PEOPLE magazine have r ...

Marriott International, Inc. (MAR) has entered a long-term licensing agreement with Sonder Holdings Inc., highlighting the addition of Sonder's open and pipeline portfolio to its system under a new collection, Sonder by Marriott Bonvoy.Takeaways From the CollaborationPer the agreement, Marriott will welcome more than 9,000 rooms from Sonder’s portfolio by 2024 end, along with 1,500 rooms, into its pipeline. The rooms in Sonder’s pipeline are expected to be added to the company’s system over the next few yea ...

Marriott International, Inc. (MAR) unveiled The St. Regis Longboat Key Resort in Florida, which marks its 9,000th property. This expansion underscores MAR’s continued global growth and its extensive luxury portfolio.The new resort, developed by Unicorp National Developments and designed by SB Architects, Hirsch Bedner Associates (HBA Miami) and Dutch East Design, is the largest development on Longboat Key in more than 50 years. It strengthens Marriott's position with its extensive portfolio of seven brands, ...

The market opened horribly last week, with most equities taking a beating as geopolitical and macro-related concerns spurred panic among investors. Consumer discretionary stocks, in particular, faced the brunt of this sell-off, registering massive losses as fears of an economic slowdown rattled the sector. However, as the week progressed, the market began to recover, creating a unique opportunity for investors willing to buy into the fear.This article will focus on the consumer discretionary sector, as many ...

NAPLES, Fla., Aug. 13, 2024 /PRNewswire/ -- The Ritz-Carlton Naples, Tiburón proudly debuts The Mouratoglou Tennis Center Naples Tiburón, marking world renowned coach Patrick Mouratoglou's first dedicated teaching facility in Florida. This exciting partnership introduces a premiere academy in Southwest Florida, offering world-class coaching and an unparalleled tennis experience for resort guests and members. Hailing from Nice, France, Mouratoglou's esteemed tennis program is best known for producing world-r ...

SHANGHAI, Aug. 1, 2024 /PRNewswire/ -- Marriott International, Inc. recently announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to Hangzhou. Anticipated to open in 2031, W Hangzhou will be located at the northwest intersection of Minhe Road and Liyi Road in Qianjiang Century City, Hangzhou's developing new CBD. With its bold, detail-driven design, elevated service, and engaging always-on programming, the hotel is poised to beco ...

Marriott International, Inc MAR reported weaker-than-expected revenue for its second quarter on Wednesday.The company reported second-quarter adjusted earnings per share of $2.50, beating the street view of $2.47. Quarterly sales of $6.439 billion missed the analyst consensus of $6.483 billion.International RevPAR rose over 7%, driven by a notable 13% increase in Asia Pacific (excluding China) compared to the previous year.Anthony Capuano, President and Chief Executive Officer, said, "Marriott reported stro ...

Key TakeawaysMarriott International lowered the upper end of its 2024 revenue per available room guidance when it reported second-quarter earnings Wednesday.The hotel chain noted a weaker operating environment in China and telegraphed softer expectations in the U.S. and Canada.Shares fell to their lowest level since January. Marriott International’s (MAR) second-quarter results Wednesday came with disappointing revenue per available room (revPAR) guidance, sending the huge hotel company's shares sharply low ...