123.66 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||121.08 x 800|
|Ask||123.97 x 900|
|Day's Range||123.13 - 124.45|
|52 Week Range||100.62 - 142.19|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||22.99|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||1.64 (1.32%)|
|1y Target Est||134.68|
“We want to make sure their employees understand the products and try the products. In turn, they are going to be our brand ambassadors as well.”
We have gained increased confidence in Mastercard’s ability to 1) penetrate business-to business payments, 2) deliver faster earning growth versus Visa, and 3) make successful investments in technologies that support its long-term growth. Marriott’s event could not have come at a better time, as the company has faced a number of challenges recently (integration-related headwinds, labor strikes, the data breach, etc.).
Sporting venues. The arts. Bars. Restaurants. Hotels. They're all coming together to add vibrancy for downtowns across the Triad. TBJ"s Crane Watch gets you up to speed on what's coming and when.
A federal judge on Thursday rebuffed a request by hotel chains including Hyatt Hotels Corp, Marriott International Inc and Wyndham Hotel Group to throw out a class-action suit accusing them of conspiring not to compete with one another online. The case, which was filed last year by a group of hotel customers, alleges that Hyatt, Marriott, Wyndham, Hilton Domestic Operating Company and Six Continents Hotels, Inc, now called InterContinental Hotels Group PLC, agreed not to advertise against one another on online travel agencies, like Expedia.
BETHESDA, Md. , March 20, 2019 /PRNewswire/ -- The Board of Directors of Marriott International, Inc. (NASDAQ: MAR) said today it has appointed Margaret M. McCarthy , Executive Vice President at CVS Health ...
Even in development-averse Marin, new hotel proposals are being stuffed into the Bay Area pipeline in an effort to meet accelerating demand.
Marriott International Inc (NASDAQ: MAR) hosted its first investor day in two years on Monday. Marriott’s investor day couldn't have come at a better time, Crow said in a note. The analyst continues to favor Marriott shares given what he views as an attractive valuable, the company’s dominant position as a global brand powerhouse, industry-leading development pipeline and a business model that facilitates hefty capital returns to shareholders.
We’re getting a closer look at the AC by Marriott hotel planned for Sixth and K streets NW in Mount Vernon Triangle. The Douglas Development project will be the company’s first hotel, as well as one of the first AC by Marriott in D.C. The first in the area opened in National Harbor in 2015, and another is planned for downtown Bethesda. Another AC from OTO Development, designed by WDG Architecture, is currently under construction at 1112 19th St. NW and will likely open before the Mount Vernon Triangle AC. In 2011, Marriott International Inc. (NASDAQ: MAR) launched the brand in Europe with Spanish hotelier Antonio Catalan and began rolling out the concept in the U.S. in 2015. AC hotels have the style of a lifestyle hotel at a lower price point than a boutique property.
After five months of construction, the Courtyard by Marriott Greensboro at 4400 Wendover Ave. is set to complete its nearly $5 million renovation in early April. From façade to fitness room, the hotel is being fully from lobby space to Courtyard’s latest room design concept. The Greensboro property is one of the first among the more than 430 hotels scheduled for a total renovation by 2024, according to Marriott. A new Courtyard, developed by Commercial Realty Advisors of Winston-Salem and Clarendon Properties of Wilmington, is scheduled to open this summer at 640 W. Fourth St. in downtown Winston-Salem.
Marriott International isn’t content to “stand still.” That was the overarching theme of Marriott President and CEO Arne Sorenson’s opening presentation on Monday at the company’s biannual investor day in New York. Sorenson, along with a number of Marriott executives were in town to give investors an update on the company’s three-year growth plan, which […] The post What Marriott’s CEO Had to Say About Airbnb, Amazon and Google appeared first on Skift.
Corrections & Amplifications Hotel brand Westin was misspelled as Weston in a Business & Finance article Tuesday about Marriott International Inc. Costco Wholesale Corp. raised its minimum hourly wage to 15 Canadian dollars (US$11.
Buccini/Pollin Group in 2018 bought the 364-room Sheraton Philadelphia Society Hill Hotel. The company now plans to turn it into a flagship, premium Marriott property.
Marriott's (MAR) consistent efforts to expand its presence worldwide and capitalize on the demand for hotels in international markets are encouraging.
Marriott is making a push towards the high end of the market when consumer spend looks to be slowing. But the hotel operator has some tailwinds at its back.
investors are likely sick of the overhang of its data breach issues, but as Senate hearings and inquiries persist, context is key to assess the remaining risk. Upon the announcement of the hacks in late November, MAR fell nearly 6%, kick-starting a slump that saw the stock decline to a low of just over $100 per share, nearly $50 off the 2018 high. "The hackers accessed people's names, addresses, phone numbers, email addresses, passport numbers, dates of birth, gender, Starwood loyalty program account information, and reservation information," Seena Gressin, an FTC attorney wrote in a consumer report.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday. A decline in shares of Boeing and a report saying that U.S.-China trade talks may be pushed back to June limited gains.
Marriott International is already considered, by and large, to be the world’s largest hotel company, with more than 6,900 hotels worldwide spread out over 30 brands, but the 90-year old company isn’t done growing. At an investor day on Monday, the company highlighted its aspirations, which includes adding 1,700 more hotels over the next three […] The post How Marriott Plans to Supercharge Growth Starting With 1,700 New Hotels in 3 Years appeared first on Skift.
Shares of the hotel chain have gotten a lift on Monday as an aggressive shareholder return and international expansion plan boosted optimism on the company. At present, Marriott oversees a whopping 30 brands, bolstered by the addition of 10 brands from Starwood Hotels. According to Reuters, the company is indeed evaluating the idea of adding Litt or a Land and Buildings affiliated individual to the board, but CEO Arne Sorenson remains resistant to the spinoff ambitions of the investor.
UBS analysts estimate that space tourism plus long-haul travel could be a $23 billion business by 2030. Here are some of the companies that are likely to benefit.
The rating was affirmed based on the support of the long term triple net lease guaranteed by Starwood Hotels & Resorts Worldwide Inc. (Moody's senior unsecured rating Baa2, stable outlook) with an additional consideration given to the value of the real estate collateral relative to the outstanding loan balance. The ratings of Credit Tenant Lease (CTL) deals are primarily based on the senior unsecured debt rating (or the corporate family rating) of the tenants leasing the real estate collateral supporting the bonds.
is looking to capitalize on travel trends to cash in on younger travelers and keep its business model protected from major disruptions from Airbnb. Shares of the Bethesda-based hotel chain were trading higher on Monday, as its shareholder return plan and securities analyst presentation have encouraged optimism. One of the key trends that Marriott is looking to cash in on is the larger population of travelers booking vacations around the world, particularly among experience-hungry millennials.
Marriott has been criticized recently by activist investor Jonathan Litt who, according to media reports, has urged the company to consider culling its 30 brands to better align itself with competitors such as Hilton Worldwide Holdings Inc. "We view the new medium-term outlook positively as it supports the earnings power afforded by the Starwood acquisition," Jefferies analyst David Katz said. During the three-year period, the company plans to pay $1.9 billion to $2 billion in dividends and buy back shares worth $7.6 billion to $9 billion, Marriott said.