STOCKHOLM, April 29, 2025 /PRNewswire/ -- Electrolux Group issues a correction of the press release regarding the interim report for the first quarter of 2025 that was published earlier today. The correction concerns that the press release did not include the MAR label with reference to the EU Market Abuse Regulation (MAR). Apart from this, the press release remains unchanged. The following MAR label was included in the company's interim report attached as an appendix to the press release, but should also h ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Acquisition Supports Company's Growth in Innovative Lifestyle Offerings BETHESDA, Md., April 28, 2025 /PRNewswire/ -- Today, Marriott International (Nasdaq: MAR) announced it has reached an agreement to acquire the lifestyle brand citizenM, a unique and innovative offering in the select- service segment. The transaction is expected to accelerate Marriott's global expansion of its select-service and lifestyle lodging offerings, as the company continues to focus on expanding its portfolio to provide even more ...

Core Insights - Japan's hotel and lodging market is diverse, encompassing various types from budget business hotels to high-end resorts, with a total of approximately 1.5 million guest rooms as of 2024 [1] - The hotel industry in Japan is experiencing a strong recovery post-COVID-19, with domestic tourism surpassing pre-pandemic levels and international tourist arrivals expected to reach a record high in 2024 [1][2] - The average occupancy rate for Japanese hotels in the first half of 2024 is around 74.4%, with an average daily rate (ADR) of approximately $129 and revenue per available room (RevPAR) of about $96, nearing or surpassing historical records from 2019 [2] Market Overview - Japan's hotel market includes both international hotel chains and local brands, with significant growth in domestic brands like APA Hotel, which aims to expand its room count to 150,000 by 2027 [3][4] - Major international brands such as Marriott, Hilton, and IHG are expanding their presence in Japan through partnerships and management contracts with local companies [6][7] - The hotel market in key cities like Tokyo and Osaka shows strong performance, with Tokyo's hotel RevPAR reaching ¥22,900 in the first half of 2024, reflecting a 16% increase from the previous year [9][10] Investment Trends - The investment landscape in Japan's hotel sector is characterized by a mix of acquisitions of existing assets and new developments, with a notable trend of foreign capital entering the market [20][21] - The average construction cost for hotels has risen by over 25% from 2021 to 2023, leading to a preference for acquisitions and renovations over new builds [21] - Japan's hotel REITs provide liquidity and exit strategies for investors, with several REITs focusing on hotel properties showing recovery in dividends and market value post-pandemic [23][26] Future Opportunities - The influx of international tourists, particularly from neighboring countries, presents significant growth potential for the hotel industry, with the government targeting 60 million annual visitors by 2030 [33] - Major events like the 2025 Osaka World Expo are expected to drive hotel demand and occupancy rates in the region [33] - The limited supply of new hotel developments due to high land costs and regulatory constraints enhances the bargaining power of existing hotels, leading to potential price increases [34] Challenges - The hotel industry faces risks related to dependence on specific international markets, particularly China and South Korea, which could impact visitor numbers amid economic fluctuations [36] - Labor shortages and rising operational costs pose challenges for hotel management, with many establishments struggling to maintain service quality [37] - The potential for oversupply in certain markets, particularly in Osaka due to upcoming events, raises concerns about long-term sustainability post-event [38]

Core Insights - The high-end accommodation market in Qingdao is expanding rapidly, with over 20 five-star standard hotels established in the last five years, including several international brands making their debut in Shandong [1][2][3] - Major international hotel groups are increasingly opening their first locations in Qingdao, with eight out of the top ten global high-end hotel management groups choosing to establish their first hotels in the city [3][4] Group 1: Market Dynamics - Qingdao's hotel market is experiencing a surge in demand, with hotel order volumes increasing by 28% year-on-year, driven by the upcoming May Day holiday and a growing "holiday economy" [2] - The Marriott International Group has significantly expanded its presence in Qingdao, with multiple brands including St. Regis, Westin, and Le Meridien already operational, and new projects like the dual-brand Qingdao Jinmao hotels set to open soon [2][3] - The InterContinental Hotels Group has also announced the opening of its first Indigo hotel in Qingdao, emphasizing local cultural integration and unique guest experiences [3][4] Group 2: Economic and Tourism Potential - Qingdao is recognized as a city with international tourism appeal, supported by its strong economic foundation, including being one of China's major foreign trade ports and home to significant enterprises like Haier and Tsingtao Brewery [6][7] - The city is actively pursuing new industries and has been approved as a pilot city for asset investment companies, indicating a robust economic growth trajectory with a projected GDP of 16,719.46 billion yuan in 2024, reflecting a 5.7% increase from the previous year [8][9] Group 3: Challenges and Opportunities - Despite the influx of international hotel brands, Qingdao's hotel market still faces challenges, with 80% of its hotels being low-end, and only 2% classified as high-end, indicating a significant imbalance in accommodation quality [10][11] - The seasonal nature of tourism in Qingdao leads to high vacancy rates during off-peak months, with summer accounting for 60% of annual tourist traffic, highlighting the need for improved year-round demand [11][12] - The local economy's reliance on traditional industries and the lack of strong private enterprises contribute to insufficient business travel demand, which is crucial for sustaining high-end hotel occupancy [12][13] Group 4: Investment Strategies - The high vacancy rate in Qingdao's office buildings, currently at 35%, presents an opportunity for converting these properties into mid-to-high-end hotels, leveraging their prime locations and existing infrastructure [14][15] - Upgrading low-efficiency assets, particularly older hotels with good locations, could meet the rising demand for quality accommodations and enhance the overall hotel market [15][16] - Redefining hotel experiences to incorporate local culture and community engagement could attract both tourists and local residents, creating a unique destination within Qingdao [16][17]

Core Points - Marriott International, Inc. will report its first quarter 2025 earnings results on May 6, 2025, 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 discussions by the President and CEO, Anthony Capuano, and CFO, Leeny Oberg [1] Conference Call Details - The conference call will be available via webcast on Marriott's investor relations website, with a replay accessible for one year [2] - The telephone dial-in number for the conference call is US Toll Free: 800-274-8461 or Global: +1 203-518-9814, with a conference ID of MAR1Q25 [3] - A telephone replay will be available from 1:00 p.m. ET on May 6, 2025, until 8:00 p.m. ET on May 13, 2025 [4] Company Overview - Marriott International, Inc. is based in Bethesda, Maryland, and operates over 9,300 properties across more than 30 brands in 144 countries and territories [5] - The company offers a range of lodging options, including hotels, residential properties, and timeshares, and operates the Marriott Bonvoy travel platform [5] - Investors and media are encouraged to review information on Marriott's investor relations and news center websites [6]

Core Insights - Marriott International, Inc. has entered into an agreement with Mullen Real Estate Capital to develop a JW Marriott All-Inclusive resort in Costa Elena, Costa Rica, set to convert in July 2025 and join the Marriott Bonvoy portfolio by Spring 2026 [1][2] Group 1: Expansion and Development - The introduction of the JW Marriott All-Inclusive resort marks a strategic expansion of Marriott's presence in Costa Rica, collaborating with Mullen Real Estate Capital, a significant player in the all-inclusive sector in the CALA region [2] - The resort will feature 415 guest rooms, 11 dining options, and 44,000 square feet of water amenities, including 17 swimming pools, aiming to provide a high-end experience for visitors [3] - As of year-end 2024, Marriott has 22 open properties across 15 brands in Costa Rica, with a development pipeline of 15 properties totaling 1,776 rooms, indicating strong growth in the region [4] Group 2: Global Presence and Performance - Marriott operates nearly 9,361 properties in 144 countries and territories, focusing on global expansion to meet the increasing demand for hotels in international markets [5] - In 2024, Marriott achieved a net room growth of 6.8%, adding 109,000 rooms globally, bringing the total to over 1.71 million rooms, with a development pipeline of 3,766 hotels and approximately 577,000 rooms [6] - The company is particularly focused on strengthening its presence outside the United States, especially in Asia, Latin America, the Middle East, and Africa [6] Group 3: Financial Performance and Market Trends - Despite a year-to-date share price decline of 11.6%, Marriott is expected to benefit from robust global travel demand, which is anticipated to drive growth in international markets [7] - The company entered 2025 with strong business momentum, with global group revenues tracking 6% higher for 2025 and 10% higher for 2026, driven by increases in both room nights and average daily rates (ADR) [9]

Core Insights - Albert Anthony is a Croatian-American media personality who has gained over 1,000 followers on investor platforms since 2023, focusing on markets and stocks [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing series of articles on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in the IT department of a top-10 financial firm [1] Company Profile - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, and is wholly owned by Albert Anthony [1] - The company does not provide personalized financial advisory services but offers general market commentary based on publicly available data [1] - Albert Anthony has launched the Future Investor Fund, focusing on building a dividend portfolio [1] Educational Background - Albert Anthony has completed degrees and certificates from several institutions, including Drew University, Corporate Finance Institute, UVA Darden School of Business, CompTIA, and Microsoft [1] - He has attended various business and innovation conferences in Southeast Europe and has spoken at startup and digital nomad events in Croatia and Austin [1]

Core Insights - Marriott International is set to introduce a JW Marriott All-Inclusive resort in Costa Elena, Costa Rica, with conversion beginning in July 2025 and expected opening in Spring 2026 [1][2] - The resort will feature 415 guest rooms, 11 food and beverage outlets, and extensive water amenities including 17 swimming pools, emphasizing luxury and wellness [2][3] - This project marks a strategic collaboration with Mullen Real Estate Capital, aiming to redefine luxury all-inclusive experiences in the Caribbean and Latin America [2][4] Company Developments - Marriott has recently opened its 50th luxury hotel in Costa Rica, the Ritz-Carlton Reserve, and signed 10 new deals in 2024, adding 1,086 rooms to its development pipeline [5] - The total development pipeline in Costa Rica now includes 15 properties with a total of 1,776 rooms, indicating strong growth in the region [5] - Marriott currently operates 22 properties across 15 brands in Costa Rica, with more openings anticipated in 2025 [5] Market Positioning - The JW Marriott All-Inclusive resort will be positioned within an exclusive resort-residential community, enhancing its appeal to luxury travelers [3] - Future plans may include the introduction of JW Marriott branded residences, further expanding the luxury offerings in the area [3] - Mullen Real Estate Capital aims to leverage its expertise in the all-inclusive sector to create new opportunities and set benchmarks in the hospitality industry [4][9]

Core Insights - Marriott International, Inc. is expanding its luxury brand, The Ritz-Carlton, with a new property in Suzhou, China, enhancing its global market penetration [1][5] Group 1: Property Details - The Ritz-Carlton, Suzhou features 190 guest rooms and suites, including 57 luxurious suites that reflect modern Chinese aesthetics [2] - Amenities include the Ritz-Carlton Club, four restaurants and bars, a 24-hour fitness center, a swimming pool, and event spaces [3] - The property is designed by KPF Architects and is conveniently located near tourist attractions and public transport [4] Group 2: Expansion Strategy - Marriott operates nearly 9,361 properties in 144 countries and territories, focusing on expanding its global presence [5] - In 2024, Marriott achieved a net room growth of 6.8%, adding 109,000 rooms globally, bringing the total to over 1.71 million rooms [6] - The development pipeline includes 3,766 hotels with approximately 577,000 rooms, with a significant focus on markets outside the United States, particularly in Asia, Latin America, the Middle East, and Africa [6] Group 3: Market Performance - Marriott's shares have declined by 13.8% this year, compared to a 10.2% decline in the Zacks Hotels and Motels industry [7] - Despite weak domestic leisure demand in Greater China, the company's global expansion strategy is expected to drive future growth [7]