UPDATE 2-Marriott sees China bookings improving even as March room revenue plunges [Reuters]
Marriott International - Class A (MAR)
Last marriott international - class a earnings: 2/26 04:30 pm
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Source: Reuters
Marriott sees China bookings improving even as March room revenue plunges (Reuters) - Marriott International ( MAR.O ) said on Tuesday bookings in Greater China were improving steadily in April as authorities lifted some coronavirus-led travel curbs, even as it forecast a 60% decline in its March total revenue per available room. Shares of the company, which owns the Ritz-Carlton and St. Regis luxury hotel brands, rose as much as 6.7% to $83.30 in morning trading. Marriott said occupancy in Greater China rose to roughly 20% in the first week of April, underpinned by a recovery in leisure demand, as restrictions on movement and quarantine measures ease. The hotel industry has been hurt by a jump in booking cancellations due to coronavirus-driven lockdowns, forcing Marriott and smaller rivals Hilton Worldwide ( HLT.N ) and Hyatt Hotels ( H.N ) to abandon their outlooks. But with the world’s second-largest economy slowly reopening for business, the number of closed Marriott hotels
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News
- Marriott (MAR) Up 9.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Marriott International, Inc. (NASDAQ: MAR) had its price target raised by analysts at Truist Financial Co. from $254.00 to $277.00. They now have a "hold" rating on the stock.MarketBeat
- Marriott Recognizes Crestline Hotels & Resorts with Its Prestigious Serve 360 Award [Yahoo! Finance]Yahoo! Finance
- Marriott Recognizes Crestline Hotels & Resorts with Its Prestigious Serve 360 Award [Yahoo! Finance Canada]Yahoo! Finance Canada
- Luxury Group by Marriott International Is Set to Redefine the Luxury Hospitality Landscape with Inspired Perspectives in Iconic Destinations in 2025 [Yahoo! Finance]Yahoo! Finance
MAR
Earnings
- 11/4/24 - Miss
MAR
Sec Filings
- 11/25/24 - Form 4
- 11/22/24 - Form 144
- 11/14/24 - Form 4
- MAR's page on the SEC website