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Marriott International saw its revenue per available room (RevPAR) increase 4.2% year-over-year during the first quarter, driven largely by growth in international markets. The hotel chain saw its RevPAR grow 1.5% in the United States and Canada and 11.1% in international markets, according to a Wednesday (May 1) earnings release.
Marriott's (MAR) first-quarter 2024 performance benefits from strong revenue per available room gains, net rooms growth and an asset-light business model.
While the top- and bottom-line numbers for Marriott (MAR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Marriott's (MAR) first-quarter performance is likely to have benefited from pent-up leisure demand, solid global booking trends and unit expansion efforts.
Top travel stocks are catching investors' eyes with consumer spending patterns revealing resilience despite the economic headwinds. Though the concerns over a hard landing remain, data indicates that consumers are still happily opening their wallets for travel experiences.
Besides Wall Street's top -and-bottom-line estimates for Marriott (MAR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Marriott (MAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Marriott's (MAR) Fairfield by Marriott brand unveils its inaugural European location in Copenhagen.
When I meet fund managers in the U.S., we often talk about European equity markets. Everyone agrees that European stocks are attractively valued, but in one form or another, many fund managers ask: “If these stocks are so cheap, why aren't companies buying back their shares?