|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||141.16 - 143.94|
|52 Week Range||100.62 - 144.24|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||26.54|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||1.71 (1.19%)|
|1y Target Est||141.00|
Marriott is facing resort fee backlash for allegedly hiding its fees, and Marriott CEO Arne Sorenson is coming to the company's defense, saying "disclosures have been right". Yahoo Finance's Zack Guzman and Brian Cheung are joined by Alex Lieberman, Morning Brew CEO, to discuss.
Combined with the Marriott Water Street, the new JW Marriott makes Tampa much more competitive for large-scale conventions.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Marriott International, Inc. - MAR
Marriott International Inc. CEO Arne Sorenson is promising to fight the lawsuit from D.C. Attorney General Karl Racine alleging the Bethesda hotel giant is using deceptive pricing tactics with its resort fees at some of its hotels around the world. “We’ve been talking to the attorneys general for many states for a number of years,” Sorenson said in a video with LinkedIn Editor-in-Chief David Roth published over the weekend. “D.C. withdrew, at sort of the last minute, and decided to make a bigger test case out of it.
Marriott International Inc NASDAQ/NGS:MARView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for MAR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MAR had net inflows of $8.31 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. MAR credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
First Horizon National Corp. recruited Patrick Kelly from a Fortune 500 financial services firm and Jeffrey Pollard from a hospitality giant.
BETHESDA, Md., July 15, 2019 /PRNewswire/ -- Marriott International, Inc. [NASDAQ: MAR] today announced its continued brand transformation efforts of its most global brand, Sheraton Hotels, as it reveals Portland Sheraton at Sable Oaks as the first property in the world to display the new Sheraton logo for the first time in more than 40 years. The legacy South Portland, Maine property, formerly the Portland Marriott at Sable Oaks, will now become a part of the Sheraton brand portfolio as the newly rebranded Portland Sheraton at Sable Oaks.
With an award-winning culture of promoting employee wellbeing, Marriott invites guests, job seekers and the general public to join its annual challenge and live well for 90-days. BETHESDA, Md., July 15, 2019 /PRNewswire/ -- Marriott International announced today the launch of TakeCare Level30, a custom app-based wellbeing challenge available for guests and associates around the world. "We established TakeCare as a wellbeing initiative many years ago to give associates easy, efficient ways to improve their health and happiness," said Dr. David Rodriguez, Executive Vice President and Global Chief Human Resources Officer at Marriott International.
McLean-based Hilton Worldwide Holdings Inc. (NYSE: HLT) is making a big push into the luxury hospitality market, with plans to open 11 new high-end properties this year as it plays catch-up against other hotel giants, according to The Wall Street Journal. Hilton has 65 existing luxury properties on its roster and it will open the new properties this year under its Waldorf Astoria, Conrad Hotels and LXR luxury brands, according to the report. Its existing luxury roster falls well behind competitors like Bethesda-based Marriott International Inc. (NASDAQ: MAR), which has about 410 luxury properties and nearly 200 in its pipeline, according to the report.
Marriott (MAR) continues to benefit from expansion and sizeable international exposure. Strong brand position also helps it fend off competition.
may be fined a combined £282m for data breaches produced a surge of interest in cyber insurance, cyber security and legal advice this week, as companies rushed to avoid a similar fate. “It’s undoubtedly a statement of intent and will make a lot of corporate UK sit up and take notice,” said Mark Deem, senior partner at the law firm Cooley, about the pair of fine notices from the UK data regulator, the Information Commissioner’s Office (ICO).
MADRID, July 11, 2019 /PRNewswire/ -- Aloft Hotels, Marriott International's hotel brand for music fans and tech-savvy travellers, brings a new beat to Spain this month with the opening of Aloft Madrid Gran Vía. Designed by world-class architecture firm the Rockwell Group, the property's tech-forward, future-proofed design is aimed at the next generation of travelers, juxtaposed against the rich history of Gran Vía. Madrid is a city of contrasts, where modern boulevards open onto ancient Egyptian temples and bustling flea markets border grand palaces and architectural icons dating back to the ninth century.
BETHESDA, Md., July 11, 2019 /PRNewswire/ -- Marriott International, Inc. (MAR) has signed an agreement with GNV Group to bring its iconic W Hotels Worldwide brand to Argentina for the first time in dynamic Buenos Aires, underscoring growing demand from developers and consumers alike for W Hotels' bold design, signature Whatever/Whenever® service and innovative programming. The hotel – expected to open in 2024 – and its planned residences will be located within a $100 million, 34-story, mixed-use tower poised to rise in the heart of the captivating Puerto Madero neighborhood, the ideal location for the brand's passion for what's new/next.
A Starwood data breach may end up costing Marriott International (NASDAQ:MAR) a steep price as the proposed fine for the company exceeds the USD$120 million mark.The breach has reportedly affected up to 339 million customers, which may result in the parent company paying a $124 million fine. It is believed that the breach has affected customers of the Starwood hotels group that date back to 2014, although knowledge of the breach was only made known starting last November.Marriott acquired Starwood back in 2016, and the company said last year that the hotel chain's guest records that tally up to roughly 339 million people had been accessed. Additionally, it is believed that more than 5 million unencrypted passport numbers were part of the information that was accessed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe UK's Information Commissioner's Office (ICO) recommended the aforementioned sum for the Marriott fine. "We are disappointed with this notice of intent from the ICO, which we will contest," CEO Arne Sorenson said in a statement.The Starwood data breach may prove to be even pricier for the company as there are at least five U.S. states that are investigating the Marriott breach as of March. About 7 million of the customers whose data was accessed are located in the UK, per the ICO.MAR stock is up about 0.9% on Wednesday following the news. More From InvestorPlace * 7 A-Rated Stocks to Buy for the Rest of 2019 * 10 Best Stocks for 2019: A Volatile First Half * 7 Retail Stocks to Buy for the Second Half of 2019 * 7 Retail Stocks to Buy That Are Down in 2019 The post The Proposed Marriott Fine for Starwood Data Breach Is Massive appeared first on InvestorPlace.
T-Mobile, Tesla, Marriott, GlaxoSmithKline, Pfizer and Caliva are the companies to watch.
NEW YORK, NY / ACCESSWIRE / July 10, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Marriott International, Inc. (“ Marriott ” or the “Company”) ...
D.C. Attorney General Karl Racine has filed a lawsuit against Marriott International Inc. (NASDAQ: MAR), alleging as part of a multistate campaign that the Bethesda company is deploying deceptive pricing tactics with its resort fees at some of its hotels around the world. Resort fees have been on the rise among hotel companies in recent years.
Marriott International Inc. (NASDAQ: MAR) is being hit with a big fine in the U.K. for its yearslong data breach that was revealed late last year. The U.K.’s Information Commissioner's Office announced Tuesday it plans to fine the Bethesda-based hotel group £99.
The District of Columbia sued Marriott International Inc on Tuesday, claiming that mandatory resort fees at its hotels are illegal and deceptive, the attorney general's office said. “Marriott reaped hundreds of millions of dollars in profit by deceiving consumers about the true price of its hotel rooms,” said District of Columbia Attorney General Karl Racine. Marriott declined to comment on pending litigation.
(Bloomberg) -- The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major penalty notice in two days.The cyber attack, which Marriott disclosed last year, exposed information on 339 million guest records, including 7 million related to British residents, the U.K. Information Commissioner’s Office said in a statement Tuesday. It’s the second time in two days the regulator has taken advantage of far-reaching European Union powers after proposing a 183.4 million-pound penalty against British Airways.The proposed fine also highlights an emerging risk in mergers and acquisitions with the ICO blaming Marriott for failing to conduct sufficient due diligence on its acquisition of Starwood Hotels & Resorts. The hack likely took place in 2014 and targeted a Starwood database, two years before the company was acquired by Marriott.“Organizations must be accountable for the personal data they hold,” Information Commissioner Elizabeth Denham said in the statement. “This can include carrying out proper due diligence when making a corporate acquisition, and putting in place proper accountability measures to assess not only what personal data has been acquired, but also how it is protected.”The ICO said Marriott has cooperated with the regulator’s investigation and has improved its security since discovering the breach last year. The regulatory process allows Marriott to dispute the fine, which the company plans to do.“We are disappointed with this notice of intent from the ICO, which we will contest,” Marriott Chief Executive Officer Arne Sorenson said in a separate statement. “We deeply regret this incident happened. We take the privacy and security of guest information very seriously and continue to work hard to meet the standard of excellence that our guests expect.”The fine amounts to about 2.4% of Marriott’s trailing 12-month total revenue excluding cost reimbursements, according to Michael Bellisario, an analyst at Robert W. Baird & Co. While it’s possible the ultimate amount will be reduced or partially covered by cyber insurance, “we believe investor sentiment toward Marriott could become less positive in the near term,” he said in a note Tuesday.The ICO fined British Airways after hackers diverted BA’s website traffic to a fraudulent site through which customer details were harvested. BA parent IAG SA said its fine amounts to 1.5% of the airline’s 2017 revenue.The EU’s General Data Protection Regulation, which took effect on May 25, 2018, requires companies to take technical precautions such as encryption to ensure customer data is protected. It also states that firms must notify authorities about breaches within 72 hours after learning about them. Violations may lead to fines of as much as 4% of a company’s annual sales.“Taken together, and especially given the basis of this Marriott fine, this is should be a worrying development for any company subject to ICO’s jurisdiction on GDPR,” said Tamlin Bason, an analyst at Bloomberg Intelligence. “The ICO is taking an aggressive stance on breaches.”The ICO has indicated that there are another 12 fines in the pipeline, Richard Cumbley, global head of the technology practice at Linklaters, said in an emailed statement. “If they are all of the same scale as the recent fines, that would mean a significant shift in the risk of not complying with the GDPR.”(Updates with Linklaters statement in the last paragraph.)To contact the reporters on this story: Patrick Clark in New York at email@example.com;Jonathan Browning in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Debarati Roy at email@example.com, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.