$MAR (Marriott International, Inc.)

$MAR {{ '2015-08-20T15:14:46+0000' | timeago}} • Announcement

$MAR Marriott International, Inc. has announced the opening of the Protea Hotel Select Takoradi, its first establishment in Ghana. The new hotel, located in the fourth-largest city in Ghana in an oil-rich area of the country, boasts 132 rooms, including 12 two-bedroomed apartments.

$MAR {{ '2017-10-19T15:56:01+0000' | timeago}} • Announcement

$MAR appointed Rena Hozore Reiss as EVP and General Counsel, reporting to CEO Arne Sorenson and serving as a member of its executive team. Reiss, who was most recently EVP, General Counsel and Corporate Secretary at $H, will officially start on Dec 4, 2017.

$MAR {{ '2017-10-18T13:08:34+0000' | timeago}} • Announcement

$MAR said EVP and  general counsel Ed Ryan will retire from the position. Ed will continue as general counsel through early December, at which point he'll transition to an advisory role to company president and CEO, Arne Sorenson, through 2018. The company anticipates announcing Ed's successor shortly.

$MSFT {{ '2017-10-16T21:44:34+0000' | timeago}} • Announcement

$MSFT nominates Penny Pritzker, Founder and Chairman of PSP Capital and former U.S. Secretary of Commerce, and Arne Sorenson, CEO of $MAR to its Board of Directors. The election will be held during the annual shareholders meeting on Nov. 29, 2017.

$MAR {{ '2017-10-16T11:09:49+0000' | timeago}} • Announcement

$MAR said that the owners of Avendra, LLC have reached an agreement to sell $ARMK for $1.35Bil. $MAR expects to receive approx. $650MM for its 55% interest in Avendra. The transaction is expected close before year-end.

$MAR {{ '2017-08-10T15:17:30+0000' | timeago}} • Announcement

$MAR's BoD declared a quarterly cash dividend of 33 cents per share of common stock.  The dividend is payable on Sept. 29, 2017 to shareholders of record as of Aug. 24, 2017.

$MAR {{ '2017-08-08T15:51:34+0000' | timeago}} • Webcast

$MAR said the most important part of the benefits of the deal with Alibaba will be driving hotel demand, which will then come through the P&L, RevPAR, fees and incentive fees. The company believes there are chances to make money on the JV itself, but that is not the primary focus.

$MAR {{ '2017-08-08T15:46:36+0000' | timeago}} • Webcast

$MAR stated that in 2Q17, occupancy was strong. System-wide occupancy across North America was around 80% which could lead to some pricing movement. There is strength in leisure which is more price-sensitive than the corporate business. The market has radical transparency in pricing which could impact the ability to move rates in the current cycle.

$MAR {{ '2017-08-08T15:21:28+0000' | timeago}} • Webcast

$MAR expects to grow its system-wide rooms by 6% net in 2017. Its pipeline reached 440,000 rooms in 2Q17, implying embedded growth of 36% of its current system size. In 2Q17, $MAR added 36,000 signed or approved rooms to the pipeline. One-third of these new room signings and approvals were legacy Starwood brands and 55% were outside North America.

$MAR {{ '2017-08-08T15:21:12+0000' | timeago}} • Webcast

$MAR's JV with Alibaba will create a new Marriott booking portal on Alibaba’s travel site Fliggy enabling $MAR to benefit from the broad reach of Alibaba's digital Chinese language platform. The JV will manage $MAR’s storefront, market directly to Alibaba's customer base, leverage Alibaba's IT and marketing infrastructure and link loyalty programs.

$MAR {{ '2017-08-07T21:50:07+0000' | timeago}} • Infographic

$MAR Marriott International Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$MAR {{ '2017-08-07T21:08:06+0000' | timeago}} • Announcement

In 2Q17, $MAR’s worldwide comparable systemwide constant dollar RevPAR increased 2.2% versus 2Q16. North American comparable systemwide constant dollar RevPAR increased 0.9% and international comparable systemwide constant dollar RevPAR increased 5.8% compared to 2Q16.

$MAR {{ '2017-08-07T21:05:08+0000' | timeago}} • Announcement

$MAR expects total fee revenue of $810-825MM and EPS of $0.96-0.99 in 3Q17. Total fee revenue is expected to be $804-849MM and EPS is expected to be $0.96-1.05 in 4Q17. For full-year 2017, total fee revenue is expected to be $3.24-3.30Bil and EPS is expected to be $4.06-4.18.

$MAR {{ '2017-08-07T20:55:16+0000' | timeago}} • Announcement

$MAR reported net income of $414MM in 2Q17, a 68% increase over $247MM in 2Q16. Diluted EPS was $1.08 in 2Q17, up 13% from $0.96 in the year-ago quarter. Adjusted net income was $432MM or $1.13 per share in 2Q17. Total revenues increased 49% to $5.79Bil compared to last year.

$BABA {{ '2017-08-07T12:42:38+0000' | timeago}} • Announcement

Chinese heavyweight $BABA and international hospitality giant $MAR established a joint venture to manage Marriott's storefront on Fliggy, Alibaba's travel service platform. The JV hopes to serve Chinese customers abroad.

$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.

Recent Transcripts

MTN (Vail Resorts Inc.)
Thursday, September 28 2017 - 3:30pm
UWN (Nevada Gold & Casinos Inc.)
Thursday, September 14 2017 - 8:30pm
SYY (Sysco Corporation)
Monday, August 14 2017 - 2:00pm
ORM (Owens Realty Mortgage, Inc.)
Wednesday, August 9 2017 - 5:00pm
IMH (Impac Mortgage Holdings Inc.)
Wednesday, August 9 2017 - 4:00pm
PCLN (The Priceline Group Inc.)
Tuesday, August 8 2017 - 8:30pm
DIS (The Walt Disney Company)
Tuesday, August 8 2017 - 8:30pm
INUV (Inuvo, Inc.)
Tuesday, August 8 2017 - 8:15pm
CAR (Avis Budget Group, Inc.)
Tuesday, August 8 2017 - 12:30pm
MAR (Marriott International, Inc.)
Monday, August 7 2017 - 9:30pm
RLH (Red Lion Hotels Corporation)
Thursday, August 3 2017 - 9:00pm
CZR (Caesars Entertainment Corporation)
Thursday, August 3 2017 - 9:00pm
ILG (Interval Leisure Group, Inc.)
Thursday, August 3 2017 - 8:30pm
WYN (Wyndham Worldwide Corporation)
Thursday, August 3 2017 - 12:30pm
NTN (NTN Buzztime Inc.)
Wednesday, August 2 2017 - 8:30pm
SHO (Sunstone Hotel Investors Inc.)
Wednesday, August 2 2017 - 4:00pm
CHH (Choice Hotels International Inc.)
Wednesday, August 2 2017 - 2:00pm
IRT (Independence Realty Trust, Inc.)
Tuesday, August 1 2017 - 1:30pm
CVEO (Civeo Corporation)
Friday, July 28 2017 - 3:00pm
SBUX (Starbucks Corporation)
Thursday, July 27 2017 - 9:00pm

AlphaGraphics you may like