|Bid||0.00 x 800|
|Ask||139.19 x 1000|
|Day's Range||135.12 - 136.31|
|52 Week Range||100.62 - 144.24|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||35.10|
|Earnings Date||Nov 4, 2019|
|Forward Dividend & Yield||1.92 (1.42%)|
|1y Target Est||137.04|
The Houston area is now home to a third Aloft Hotel. Aloft Houston Katy opened Nov. 14 at 25330 Kingsland Blvd., across the street from Katy Mills mall and essentially adjacent to the future Katy Boardwalk District. Aimbridge Hospitality is the manager of the new hotel, according to a spokesperson for the Plano, Texas-based company.
PERTH, Australia, Nov. 18, 2019 /PRNewswire/ -- The Ritz-Carlton Hotel Company, L.L.C today announced the opening of The Ritz-Carlton, Perth, in the capital city of Western Australia. Part of the landmark development at Elizabeth Quay, The Ritz-Carlton, Perth overlooks the city's beautiful Swan River and Kings Park and connects guests to the destination's rich way of life through a contemporary take on local culture, history and cuisine.
Knightstone Capital Management Inc. Acquires the Sheraton Gateway Hotel in Toronto International Airport from Marriott International, Inc.
Triad sports fans and hospitality businesses should enjoy a busy and profitable 2020. The U.S. Figure Skating Championships is coming to the Greensboro Coliseum Complex in January, followed in March by the women's and men's ACC basketball tournaments and the opening weekend of the men's NCAA Tournament. Major annual events include the PGA Tour's Wyndham (NYSE: WH) Championship at Sedgefield Country Club and the ATP Tour 250 Winston-Salem Open at the Wake Forest Tennis Complex.
Ready or not, an American election year is upon us. And even though it feels like the U.S. race has been trundling along for some time, the months before voting day are when the action kicks into overdrive. Nowhere will that have a larger effect than in the nation's capital, where the flow of visitors […]
Among the Hudson Yards tenants that will likely utilize the Marriott include Amazon, Facebook, L'Oreal and WarnerMedia.
SeaWorld Entertainment Inc. has a new CEO — its seventh in the past five years — with the Nov. 7 addition of Sergio D. Rivera, but it's been quite the road to get here. During the last five years, the Orlando-based marine theme park operator (NYSE: SEAS) has had a revolving door at its top position due to executives resigning or filling in temporarily as searches were held to find the next successor. New leadership at a major theme park company can cause ripples that impact the tourism industry, as it can lead to strategy and operations changes.
Hyatt Hotels Corp. announced Tuesday that it will eliminate small bottles of toiletries like shampoo and lotion, and reduce the number of single-use plastic water bottles by June 2021. Instead, the company will switch to large-format bathroom items, create additional water stations for guests with reusable water bottles and serve water in carafes and other containers at events. The company has also recently removed plastic straws and drink picks, making them available only by request. Marriott International Inc. and Carnival Corp. have made similar steps to reduce plastic use. Hyatt stock has rallied 13.7% for the year to date while the S&P 500 index is up 23.7% for the period.
Hyatt Hotels is joining its competitors in getting rid of single-use plastic bottles of toiletries. The company announced on Tuesday that it will replace individual bottles of shampoo, conditioner, shower gel, and lotion with large-format bathroom amenities, following similar moves by Marriott International and InterContinental Hotels Group. Hyatt will also discourage the use of single-use […]
Hotels have for many years been turning their lobbies into interactive spaces with communal spots for working or socializing. Now they are applying that concept to their guest rooms. Super 8 by Wyndham, an economy hotel brand, is rolling out ROOM8, a shared room to “accommodate a new generation of road trippers who thrive in […]
Corporate executives have been markedly upbeat about the U.S. economic outlook for 2020, based on management commentary about Q3 2019 earnings.
Stocks pared earlier losses and the Dow pushed into positive territory as Walgreens (WBA) and Boeing (BA) shares jumped. Earlier, equities had retreated from Friday’s record levels as concerns over trade and protests in Hong Kong flared up.
Despite the comeuppance of SoftBank-backed stablemate WeWork and dissent among hotel associations and some property owners in the United States and India, Oyo's founder and CEO Ritesh Agarwal said there have been no recommendations or orders from the Japanese investment giant or other shareholders about changing strategy or business practices. SoftBank has invested more than […]
The ratings on the five P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.4% of the current pooled balance, compared to 4.3% at Moody's last review. Moody's base expected loss plus realized losses is now 4.2% of the original pooled balance, essentially the same as at last review.
The ongoing pro-democracy protests in Hong Kong have ravaged the region and are threatening the safety and livelihood of residents — and businesses.
BETHESDA, Md. , Nov. 7, 2019 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced that its board of directors declared a quarterly cash dividend of 48 cents per share of common stock. ...
Marriott International Inc. (NASDAQ: MAR) CEO Arne Sorenson plans to have surgery to treat his pancreatic cancer over the holidays. “I’ve completed chemo, radiation and immunotherapy therapy over the last six months,” Sorenson said on the company’s third quarter earnings call Tuesday. “Next up is surgery.” The 61-year-old chief of the Bethesda hospitality giant has continued to run the company since he announced in May he had been diagnosed with stage 2 pancreatic cancer at Johns Hopkins Hospital in Baltimore.
A new hotel planned for the North Sacramento area could lead to an existing nearby hotel being turned into apartments.
Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. The head of the largest hotel company in the world, after acquiring Starwood Hotels and Resorts, has been battling pancreatic cancer. He offered the update to investors and analysts during a […]
Marriott stock is trading lower after the hotel group reported a mixed quarter, while rival Hilton looks set to challenge July's all-time high.
BETHESDA, Md., Nov. 5, 2019 /PRNewswire/ -- American business travelers1 multi-task more than their global peers, which can trigger a domino effect of creative suppression, according to a first-of-its-kind global survey produced by Marriott Hotels. The survey2 from Marriott Hotels, the hotel brand that aims to create inspiring spaces to help guests reach their full potential, was fielded with 7,500 business travelers3 across nine global markets, including the United States, United Kingdom, Mexico, China, Germany, Australia, Colombia, Saudi Arabia and the United Arab Emirates. Survey results showed 71% of global respondents said trying to complete everything on their to-do lists actually distracts them from focusing on what is really important, suggesting to-do lists might be holding travelers back instead of propelling them towards success.
BETHESDA, Md. , Nov. 4, 2019 /PRNewswire/ -- HIGHLIGHTS Third quarter reported diluted EPS totaled $1.16 , compared to $1.43 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $1.47 , ...
(Bloomberg) -- U.S. stock benchmarks climbed to all-time highs, while Treasuries tumbled as trade optimism fueled demand for risk assets.The Dow Jones Industrial Average climbed Monday to claim its first record since July. The S&P 500 and Nasdaq indexes also hit new highs after a report that the U.S. and China are closing in on a partial trade deal and the Federal Reserve cut interest rates last week. The 10-year Treasury yield rose to 1.78% and the dollar advanced versus major peers.In company news, McDonald’s Corp. fell after firing its chief executive and Under Armour Inc. sank after disclosing an accounting probe -- both declines weighing heavily on consumer shares. Banks and industrial firms led the Stoxx Europe 600 Index toward a four-year high after the U.S. commerce secretary said tariffs on importing vehicles into the American market might be unnecessary. All major Asian markets advanced. A gauge of emerging-market stocks was set for its biggest gain in three weeks.Investors are trying to push up stocks for a fifth successive week and add to the 18% gain this year already notched by a global gauge of equities. Earnings continue to roll in around the world, with Uber Technologies Inc. and Marriott International Inc. still due Monday. In China, trade data at the end of this week will give details for October against a backdrop of easing tensions on negotiations with U.S. counterparts.“The earnings season primarily has been so much better than we expected it to be,” JJ Kinahan, chief market strategist at TD Ameritrade, said by phone. “Not that it’s an unbelievable earnings season, but it’s been so much above expectations. The rhetoric on tariffs has been mostly positive and we continue to see positive numbers out of particularly employment, but really in general about the economy.”Commerce Secretary Wilbur Ross expressed optimism the U.S. would reach a “phase one” trade deal with China this month and said licenses would be coming “very shortly” for American companies to sell components to Huawei Technologies Co. President Donald Trump told reporters Sunday that a trade deal, if completed, will be signed somewhere in the U.S.Elsewhere, crude-oil futures climbed. The initial public offering process for Saudi Aramco officially started on Sunday, with the stock likely to begin trading in Riyadh next month. Valuations vary widely.Here are some key events coming up this week:Earnings are due from companies including: Uber and Marriott International on Monday; Singapore Airlines on Tuesday; SoftBank and BMW on Wednesday; Walt Disney, Toyota, Deutsche Telekom on Thursday.U.S. durable goods data is due Monday along with factory orders.Regional Fed presidents including Charles Evans, John Williams and Patrick Harker speak at events on Wednesday.Central bank monetary decisions are due Tuesday in Australia and Thursday by the Bank of England.The USDA World Agricultural Supply and Demand Estimates Report for November comes out FridayThese are the main moves in markets:StocksThe S&P 500 Index rose 0.4% as of 4 p.m. New York time; the Dow Jones Industrial Average climbed 0.4%.The Stoxx Europe 600 Index jumped 1% to a four-year high.Germany’s DAX Index surged 1.4% to a 17-month high.The MSCI Emerging Markets Index rose 1.3% to the highest in more than four months.CurrenciesThe Bloomberg Dollar Spot Index increased 0.3%, the biggest gain in five weeks.The euro fell 0.4% to $1.1127.The British pound fell 0.5% to $1.2884.The Japanese yen weakened 0.4% to 108.62 per dollar.BondsThe yield on 10-year Treasuries rose seven basis points to 1.78%.The two-year rate added four basis points to 1.59%.Germany’s 10-year yield rose three basis points to -0.35%.Britain’s 10-year yield climbed six basis points to 0.725%.CommoditiesThe Bloomberg Commodity Index jumped 0.5% to a seven-week high.West Texas Intermediate crude increased 0.6% to $56.52 a barrel.Gold weakened 0.4% to $1,508.53 an ounce.\--With assistance from Haidi Lun, Ravil Shirodkar and Adam Haigh.To contact the reporter on this story: Sarah Ponczek in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Andrew DunnFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.