US-based travel companies plan layoffs ahead of 2025 [Yahoo! Finance Canada]
Marriott International - Class A (MAR)
Last marriott international - class a earnings: 2/26 04:30 pm
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Source: Yahoo! Finance Canada
NEW YORK (Reuters) - U.S.-based travel companies, from Marriott International to Booking Holdings are trimming their budgets and workforce ahead of next year as falling leisure travel demand from lower-income travelers hits top-line growth. Diminished demand for budget hotels reduced growth in the hotel business in 2024, and that trend is expected to continue in 2025. Real estate analytics company CoStar and global travel data firm Tourism Economics in November downgraded their 2025 outlook for room revenue growth to 1.8% from 2.6%. "We anticipate these recent trends to moderate and for overall demand growth to be slightly stronger next year," said Aran Ryan, director of industry studies at Tourism Economics, a subsidiary of Oxford Economics, as higher income consumers still have strong intentions to travel. The cuts are happening across the leisure industry, from hotels to travel bookers to resorts. Hotel operator Marriott told investors in this month that it will cut its annu
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MAR
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