$MAR (Marriott International, Inc.)

$MAR {{ '2016-03-21T08:37:41+0000' | timeago}} • Announcement

Lodging company $MAR said the Office of Foreign Assets Control of the US Department of Treasury has approved its application to pursue business transaction in Cuba, and that the company is in discussions to develop a hospitality relationship with potential partners.

$ACN {{ '2017-07-17T13:48:53+0000' | timeago}} • Announcement

$ACN unit Accenture Interactive, together with hospitality firm $MAR and start-up incubator 1776, has launched the Travel Experience Incubator, an initiative to foster start-ups that work to improve the travel experience.

$MAR {{ '2017-07-14T20:24:18+0000' | timeago}} • Announcement

$MAR announced the signing of Le Meridien Seoul, set to be the first Le Meridien property in Korea. The hotel is owned by Cheonwon Ind. Co., Ltd and is slated to open in September 2017.

$MAR {{ '2017-05-31T17:20:34+0000' | timeago}} • Announcement

$MAR is all set to expand into Asia Pacific this year, by opening 80 new hotels with 19,000 rooms in the region. Marriott will also debut two brands in Asia Pacific offering guests a total of 23 brands. It expects that over 140,000 associates would wear the Marriott badge at the company-operated and franchised hotels in Asia Pacific by 2017-end.

$MAR {{ '2017-05-09T15:57:41+0000' | timeago}} • Webcast

$MAR said that the impact of Airbnb, its competitor which provides online hospitality service, and the home sharing phenomenon has been less on its RevPAR numbers. The company added that Airbnb is serving a mostly different customer than what it serves.

$MAR {{ '2017-05-08T21:08:14+0000' | timeago}} • Announcement

$MAR assumes FY17 total fee revenue will total $3.22-3.29MM as well as owned, leased, and other revenue, net of direct expenses, could total $340-350MM. For 2Q17, comparable systemwide RevPAR on a constant dollar basis is expected flat to up 2% in North America.

$MAR {{ '2017-05-08T20:59:09+0000' | timeago}} • Announcement

During 1Q17, $MAR's worldwide development pipeline totaled 2,536 properties with more than 430,000 rooms, including 917 properties with approx 166,000 rooms under construction and 207 properties with roughly 36,000 rooms approved for development, but not yet subject to signed contracts.

$MAR {{ '2017-05-08T20:56:28+0000' | timeago}} • Announcement

Hospitality company $MAR posted 47% growth in revenue in 1Q17 to $5.56Bil, helped by 3% increase in RevPAR growth worldwide. Net income totaled $365MM, or $0.94 per share, compared to $219MM, or $0.85 per share a year ago. On an adjusted basis, $MAR earned $1.01 per share.

$MAR {{ '2017-05-05T14:55:25+0000' | timeago}} • Announcement

$MAR's BoD declared a quarterly cash dividend of 33 cents per share of common stock, which represents a 10% increase over the prior dividend of 30 cents per share.  The dividend is payable on June 30, 2017 to shareholders of record as of May 19, 2017.

$MAR {{ '2017-05-01T15:42:04+0000' | timeago}} • Announcement

$MAR announced a comprehensive expansion to its initiative to drive adoption of modular construction of hotels in North America. Additionally, the company said it expects to sign 50 hotel deals in 2017 that incorporate prefabricated guestrooms, more than 10% of the Select Brand signings expected for the region in 2017.

$MAR {{ '2017-04-03T12:13:42+0000' | timeago}} • Announcement

$MAR completed the sale of its long-term leasehold interest in The Westin Maui Resort & Spa, Ka'anapali for approx. $317MM to a JV among funds managed by Trinity Investments LLC and Oaktree Capital Management, LP. $MAR will continue to manage the 759-room property under a long-term management agreement.

$MAR {{ '2017-03-07T16:14:42+0000' | timeago}} • Announcement

$MAR announced that it expects to dramatically increase the size of its portfolio in Europe across all segments of the industry. The company is targeting to double European upscale segment portfolio in opened and signed rooms by 2020. Marriott expects to open additional 18,000 signed rooms for Moxy in the next three years.

$MAR {{ '2017-03-01T15:07:05+0000' | timeago}} • Announcement

$MAR has appointed David Flueck as SVP, Loyalty. Flueck joined $MAR with the company’s acquisition of Starwood Hotels and Resorts in September 2016 and served as SVP, Revenue Management. In his new role, Flueck will report to $MAR Global Marketing Officer, Karin Timpone. Meanwhile, Thom Kozik will continue as VP of Loyalty.

$MAR {{ '2017-02-16T16:56:08+0000' | timeago}} • Webcast

$MAR stated that in terms of the travel ban, it has not seen a measurable impact at present as there is comparatively less travel from the seven countries mentioned in the executive order to the US, and also due to the fact that the executive order has been suspended by the court and is not in effect.

$MAR {{ '2017-02-16T16:39:04+0000' | timeago}} • Webcast

$MAR said the Sheraton RevPAR index is a bit lower than fair share and the company will try to move these number steadily from there and hopes to see some progress in 2017. The fee contribution from these hotels will rise but will be offset by loss of fees from the deletion of hotels that do not meet standards.

$MAR {{ '2017-02-16T15:51:30+0000' | timeago}} • Webcast

$MAR expects to see growth in incentive management fees for 2017 but there are certain factors that will impact this growth. FX is expected to have a large impact of as much as $15MM YoY. There are some renovations going on and the termination of some hotels could also impact the incentive fees YoY.

$MAR {{ '2017-02-16T15:23:45+0000' | timeago}} • Webcast

In the Middle East and Africa region, $MAR’s 4Q16 RevPAR declined 1%. For 2017, the company is modeling flattish RevPAR growth in this region. RevPAR in Asia-Pacific increased 1%. RevPAR was strong in India, Shanghai and Malaysia while RevPAR was weaker in Hong Kong, Macau and tertiary China markets. In Europe, RevPAR increased 2%.

$MAR {{ '2017-02-16T15:15:33+0000' | timeago}} • Webcast

For full-year 2017, $MAR’s North America group revenue pace for company-operated full service hotels across the combined portfolio is currently up about 3%. Around 80% of special corporate business for 2017 is already priced at a low single digit rate increase for comparable customers, but $MAR is signing up more accounts.

$MAR {{ '2017-02-15T22:14:26+0000' | timeago}} • Announcement

$MAR expects investment spending in 2017 to total about $500-700MM, including about $175MM for maintenance capital.  Assuming this level of investment spending and no asset sales, $1.5-2.0Bil could be returned to shareholders through share repurchases and dividends in 2017.

$MAR {{ '2017-02-15T22:12:47+0000' | timeago}} • Announcement

$MAR expects 1Q17 total fee revenue of $740-750MM, operating income of $500-525MM and EPS of $0.87-0.91. For 2017, the company predicts total fee revenue of $3.175-3.245Bil, operating income of $2.335-2.430Bil and EPS of $3.79-3.97.

$MAR {{ '2017-02-15T22:10:03+0000' | timeago}} • Announcement

$MAR said North American comparable constant dollar RevPAR increased 1.1% in 4Q16 and international RevPAR rose 0.2%. On constant dollar basis, worldwide comparable systemwide RevPAR rose 0.8%. RevPAR, or revenue per available room, is a performance metric in the hotel industry that measures the health of occupancy.

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