Marriott International, Inc. (MAR) reported mixed second-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate and revenues missing the same. The bottom and top lines increased on a year-over-year basis.The quarterly results benefited from a solid increase in global travel demand, reflecting worldwide revenue per available room (RevPAR) growth. International RevPAR gained from solid contributions from Asia Pacific, excluding China, while U.S. & Canada RevPAR benefited from growth ...

Table of Contents 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, 2024 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) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.40%. A quarter ago, it was expected that this hotel company would post earnings of $2.17 per share when it actually produced earnings of $2.13, delivering a surprise of -1.84%.Over the last four quarters, t ...

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 ...

JHVEPhoto Cheaper airfares and a still-solid labor market combine to make a significant tailwind for international hotels. Marriott International (NASDAQ:MAR) has not surprisingly returned nearly 40% from when I last analyzed the stock in the second quarter of 2023. Revenge travel trends may be over, but individuals, businesspeople, and families continue to fly the friendly skies and enjoy the amenities of quality hotels around the world. I am downgrading MAR from a buy to a hold, however. I see the sto ...

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 ...