MAR expands luxury presence with JW Marriott All-Inclusive Resort in Costa Rica. This is set to open by 2026.
Marriott International gets its prior hotel rating from 2023 reaffirmed again, agreeing with the Seeking Alpha quant system rating but more cautious than analysts. The company is a leader among global hotel companies, with a diversified brand portfolio, and a rooms growth pipeline that could benefit from positive macro demand forecasts. Although having a strong profit margin in its sector, it is lagging in cashflow growth and also is very indebted with a negative equity.
MAR is set to gain from expanding its luxury brand reach into China with The Ritz-Carlton, Suzhou. Read more about the expansion.
Business travel has mostly returned to pre-pandemic levels—except at the beginning of the week, hotel executives said.
Marriott International Inc (NYSE:MAR) shares slipped more than 5% after the hotel chain's profit guidance disappointed investors. For the full year, the company expects adjusted earnings per share of $9.82 to $10.19, below Street expectations of $10.63 to $10.65.
MAR's fourth-quarter performance benefits from steady global travel demand and strategic portfolio expansion.
Marriott International Inc. (NASDAQ:MAR ) Q4 2024 Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Anthony Capuano - President, Chief Executive Officer Leeny Oberg - Chief Financial Officer Jackie McConagha - Senior Vice President, Investor Relations Conference Call Participants Shaun Kelley - Bank of America Patrick Scholes - Truist Securities Conor Cunningham - Melius Research Richard Clarke - Bernstein Robin Farley - UBS Stephen Grambling - Morgan Stanley David Katz - Jefferies Brandt Montour - Barclays Duane Pfenningwerth - Evercore ISI Smedes Rose - Citi Ari Klein - BMO Capital Markets Chad Beynon - Macquarie Lizzie Dove - Goldman Sachs Operator Good day everyone and welcome to the Marriott International Q4 2024 earnings call. At this time, all participants are in a listen-only mode.
Marriott International (MAR) shares fell 4% Tuesday as the hotel operator's guidance missed forecasts on slower room growth.
While the top- and bottom-line numbers for Marriott (MAR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lodging services giant Marriott International (MAR -3.94%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 11, that exceeded analysts' consensus estimates. Adjusted EPS of $2.45 outperformed analysts' estimates of $2.39 while total revenue reached $6.43 billion, slightly higher than the anticipated $6.4 billion.
Marriott International (MAR) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $3.57 per share a year ago.
MAR's fourth-quarter 2024 results are likely to benefit from robust RevPAR and ADR growth.