Marriott Stock News

In early June, Morgan Stanley (NYSE: MS ) published a report on travel industry trends. The results confirm what many investors believe when it comes to the best travel stocks.

Investors typically have two ways to express their bearish views of a stock: sell out of a stock expected to fall shortly or outright short the stock. Shorting is a bit more complex since the downside is theoretically infinite while the upside is fixed, and borrowing shares creates an interest expense for most.

The market is caught between excitement over Fed rate cuts and nervousness over weakening consumer trends, unemployment, and falling wage growth. I've been discussing the ongoing economic weakening, declining consumer spending power, and labor market struggles for months. I discuss my call for a 2024 recession, data on weakening consumer trends, the impact of Fed rate cuts on big tech, and a ca...

BETHESDA, Md., Aug. 2, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock.

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.

Adjusted EPS was $2.50, slightly exceeding management's guidance. Worldwide Comparable RevPAR (Revenue per Available Room) increased by 4.9% in Q2, meeting the higher end of guidance.

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 lower.

Marriott International, Inc. (NASDAQ:MAR ) Q2 2024 Earnings Call Transcript July 31, 2024 8:30 AM ET Company Participants Jackie McConagha - SVP, IR Tony Capuano - President and CEO Leeny Oberg - CFO and EVP, Development Conference Call Participants Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Smedes Rose - Citi Joe Greff - JPMorgan David Katz - Jefferies Brandt Montour - B...