Hyatt Hotels Corporation stock (NYSE: H) has gained close to 19% since the beginning of 2024, compared to a 22% return of the S&P 500 over the same period. In comparison, its peer Marriott International (NASDAQ:MAR) stock is up about 24% over the same period.
MAR boosts Ritz-Carlton brand presence in Thailand with the opening of The Ritz-Carlton, Bangkok.
MAR announces a partnership with Xiamen Green Development Investment Group to introduce The Ritz-Carlton brand to Xiamen Island in Fujian Province.
MAR's strategic deal paves a path for affiliates to align with the company's portfolio and tap into the rapidly growing demand for outdoor experiences.
Marriott (MAR) reported earnings 30 days ago. What's next for the stock?
MAR's focus on the Bonvoy loyalty program enhancements and strategic partnerships bodes well. However, soft demand in China is a concern.
Marriott Vacations Worldwide has seen a 29% gain over the past year, with recent recovery post-summer volatility, but remains below Q2 highs. Q3 results showed a $1.80 EPS, beating estimates by $0.20, with revenue up 10% to $1.3 billion, driven by Hawaii's recovery. Financing revenue rose 7%, but credit quality issues persist, with $281 million past due and $516 million in reserves, posing potential risks.
MAR collaborates with New Development Group to open its second EDITION-branded hotel in Shanghai.
MAR's expansion of its branded residential portfolio into the EMEA region marks great heights for this segment on a global aspect.
Modest-income households have a strong appetite for travel and "a real desire to find a value alternative," said Marriott CEO Anthony Capuano, while in Japan following the debut opening of the company's midscale brand, Four Points Flex by Sheraton, in Asia-Pacific (excluding China).
Marriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid corporate layoffs and sluggishness in China's domestic tourism market. Demand and high occupancy levels in Japan, the Middle East and Western Europe are driving global growth, he said.
Marriott International MAR reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates on Monday.