The Latest Breaking News from Marriott International Inc

Despite robust strategic portfolio expansions, leading hotel company Marriott International (MAR) stock is currently on a downtrend. Let us analyze whether smart money is following the company. Read more.

After facing several challenges since the pandemic, the hospitality industry is well-positioned to grow thanks to a revival in travel demand, a strong jobs market, and resilient consumer spending. To that end, buying fundamentally strong resort stocks Marriott International (MAR) and Hilton Grand Vacations (HGV) could be wise. However, avoiding…

Marriott International Inc (NASDAQ:MAR) said it has decided to suspend all international operations in Russia. The decision comes as the newly announced restrictions by the U.S., U.K., and the European Union will make it impossible to continue operations or franchise hotels in the Russian market. The hotel chain has been operating in the…

Marriott International Inc (NASDAQ:MAR) has signed an agreement with The Red Sea Development Company to debut its Ritz-Carlton Reserve brand off the west coast of Saudi Arabia. Slated to debut in 2023, Nujuma, a Ritz-Carlton Reserve, will be the first property from the brand in the Middle East. Nujuma will be situated on private islands…

Marriott International Inc (NASDAQ:MAR) has launched the Marriott Media Network, an omnichannel cross-platform advertising solution for brand advertisers. The network is expected to enable curated content experiences and offerings to guests throughout their travel journey. Marriott will exclusively collaborate with Yahoo, a unified stack advertising platform. The Marriott Media Network initially will offer…

Marriott International Inc (NASDAQ:MAR) reported first-quarter FY22 sales growth of 81.3% year-on-year, to $4.2 billion, beating the consensus of $4.11 billion. Comparable systemwide constant dollar RevPAR increased 96.5% worldwide, 99.1% in the U.S. & Canada, and 88.5% in international markets, compared to Q1 FY21. Comparable systemwide constant dollar RevPAR declined 19.4% worldwide, 14.5%…

Marriott International Inc (NASDAQ:MAR) has decided to close its Moscow corporate office and pause the opening of upcoming hotels in Russia, effective immediately. The hotel chain also halts all future hotel development and investment in Russia. Marriott has joined its counterparts, including Hilton Worldwide Holdings Inc (NYSE:HLT) and Hyatt Hotels Corp(NYSE:H), who announced similar moves on…

Marriott International Inc (NASDAQ:MAR) reported fourth-quarter FY21 sales growth of 105% year-on-year, to $4.45 billion, beating the analyst consensus of $3.98 billion. Comparable systemwide constant dollar RevPAR declined 19.0% worldwide, 15.3% in the U.S. & Canada, and 28.2% in international markets, compared to Q4 FY19. Total expenses rose 65.7% Y/Y to $3.8 billion.…