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Stock Market & Financial Investment News

News Breaks
May 9, 2014
10:09 EDTMARMarriott raise quarterly dividend to 20c from 17c per share
The dividend is payable on June 27 to shareholders of record on May 23.
News For MAR From The Last 14 Days
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October 30, 2014
09:31 EDTMARMarriott price target raised to $76 from $69 at RW Baird
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October 29, 2014
11:11 EDTMARMarriott says not seeing too much impact on hotel revenues from Ebola
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10:24 EDTMARMarriott sees 5%-7% worldwide RevPAR growth in 2015
Says "delighted" with Q3 results. Says Q4 North America group pace has improved steadily since June. Sees Q4 systemwide RevPAR up 5%-7% in North America. Sees Q4 constant dollar RevPAR up 4%-6% outside the U.S. Expects to return $1.6B-$1.7B to shareholders in FY14 via dividends, buybacks. Sees investment spending in 2014 of $800M-$900M. Sees FY14 adjusted EBITDA $1.507B-$1.522B. Sees worldwide unit growth accelerating 5%-7% over next four years. Says not prepared to offer EPS guidance yet for 2015. Says group booking pace for 2015 up nearly 4%. Says has bullish outlook for Group in 2015. Sees 2015 systemwide RevPAR in North American up 5%-7%. Sees mid single digit constant dollar RevPAR growth in Asia for 2015. Says "very bullish" about future. Comments made on the Q3 earnings conference call. Marriott shares are up 1.14% to $72.77 in morning trading.
09:10 EDTMARHyatt Hotels shares likely to underperform peers, says Wells Fargo
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October 28, 2014
16:39 EDTMARMarriott Q3 worldwide systemwide RevPAR increased more than 8%
Arne M. Sorenson, president and CEO of Marriott International, said, "We were very pleased with results in the quarter. Our out-performance compared to the guidance we provided in July was largely due to stronger than expected RevPAR and margin growth. North American systemwide RevPAR rose nearly 9% and occupancy reached an extraordinary 77.6% while room rates rose 5%. Group demand was particularly strong with significant last minute bookings and high attendance. With the addition of greater corporate and leisure demand, room rates surged to record levels in many North American markets. Worldwide systemwide RevPAR increased more than 8%."
16:37 EDTMARMarriott sees FY14 EPS $2.48-$2.52, consensus $2.50
The company anticipates gross room additions of 7% worldwide for the full year 2014 including the 10,016 rooms associated with the Protea acquisition. Net of deletions, the company expects its portfolio of rooms will increase by approximately 6% in 2014. The company assumes full year fee revenue could total $1.714B to $1.724B, growth of 11 to 125 over 2013 fee revenue of $1.543B.
16:34 EDTMARMarriott sees Q4 EPS 62c-66c, consensus 64c
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16:31 EDTMARMarriott reports Q3 EPS 65c, consensus 62c
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13:31 EDTMARMarriott announces expansion of brand in Scotland with new Edinburgh hotel
Following the launch of Courtyard by Marriott’s new European design concept at Courtyard Aberdeen Airport Hotel last year, Marriott International has announced plans to open a second Courtyard branded hotel in Scotland in early 2016.
October 17, 2014
08:30 EDTMARLodging cycle is not broken, says Credit Suisse
Credit Suisse said the correction in the Lodging group has crated a buying opportunity in its best ideas, Marriott (MAR), Hilton (HLT) and La Quinta (LQ). The analyst said low supply growth, healthy corporate travel demand, and lower gasoline prices continue to support the lodging cycle.

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