New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 8, 2014
13:35 EDTMARMarriott price target raised to $75 from $70 at Argus
Argus increased its price target on Marriott as the firm raised its estimates on the company to reflect accelerated share buybacks and higher incentive management fees. It remains upbeat on the company's outlook and keeps a Buy rating on the shares.
News For MAR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 30, 2014
09:31 EDTMARMarriott price target raised to $76 from $69 at RW Baird
Subscribe for More Information
October 29, 2014
11:11 EDTMARMarriott says not seeing too much impact on hotel revenues from Ebola
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
16:31 EDTMARMarriott reports Q3 EPS 65c, consensus 62c
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use