Marriott International, Inc. (NASDAQ:MAR ) BofA Gaming and Lodging Results Conference September 5, 2024 10:20 AM ET Company Participants Tony Capuano - President and CEO Conference Call Participants Shaun Kelley - Bank of America Shaun Kelley Good morning, everyone. Thanks for staying with us.
Marriott (MAR) reported earnings 30 days ago. What's next for the stock?
Marriott's (MAR) focus on the Bonvoy loyalty program and unit expansion efforts bode well. However, soft demand in China is a concern.
Marriott's (MAR) latest collaboration with Sonder is set to expand the former's portfolio by more than 10,500 rooms.
Marriott (MAR) expands its luxury portfolio with the opening of its 9000th property, The St. Regis Longboat Key in Florida.
The market opened horribly last week, with most equities taking a beating as geopolitical and macro-related concerns spurred panic among investors. Consumer discretionary stocks, in particular, faced the brunt of this sell-off, registering massive losses as fears of an economic slowdown rattled the sector.
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.
Marriott International, Inc MAR reported weaker-than-expected revenue for its second quarter on Wednesday.
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's (MAR) second-quarter 2024 results reflect continuous growth in global travel demand aiding the RevPAR growth. Yet, increased expenses marred prospects to some extent.
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 - Barclays Dan Politzer - Wells Fargo Bill Crow - Raymond James Ari Klein - BMO Capital Markets Robin Farley - UBS Patrick Scholes - Truist Securities Michael Bellisario - Baird Operator Good day everyone and welcome to today's Marriott International Q2 2024 Earnings. At this time, all participants are in a listen-only mode.