Marriott International is a leading global hospitality company that operates and franchises a diverse portfolio of hotels and related lodging facilities
With a strong presence in various market segments, the company offers a wide range of accommodations, from luxury resorts and full-service hotels to budget-friendly properties and extended stay options. Marriott is renowned for its commitment to guest satisfaction, quality service, and innovative experiences, facilitating travel for business and leisure through its brands, loyalty programs, and extensive network of properties worldwide. The company also emphasizes sustainability and community engagement, aiming to create a positive impact in the destinations it serves.
Travel industry faces turbulence as airlines, booking platforms, hotels, and cruise lines suffer due to weak demand. Three travel-focused ETFs are feeling the pressure, with stocks slipping.
Let's take a look at the S&P500 stocks that are experiencing notable price gaps in today's session on Tuesday. Discover the gap up and gap down stocks in the S&P500 index.
After the conclusion of the US market's regular session on Monday, let's examine the after-hours session and unveil the notable S&P500 performers among the top gainers and losers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the travel and vacation providers industry, including Marriott (NASDAQ:MAR) and its peers.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months,
the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
Shares of global hospitality company Marriott (NASDAQ:MAR)
fell 5.1% in the morning session after the company reported disappointing fourth-quarter results: While full-year EPS fell short of expectations, fourth-quarter revenue and EPS slightly exceeded estimates. However, full-year guidance implied adjusted EPS of $9.82 to $10.19, suggesting moderate growth, and RevPAR (sales generated by each available room - a key performance indicator) growth is expected to decelerate to 2%-4%, which is even more worrisome. Overall, this was a weak quarter.
Global hospitality company Marriott (NASDAQ:MAR) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 5.5% year on year to $6.43 billion. Its non-GAAP profit of $2.45 per share was 2.7% above analysts’ consensus estimates.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Tuesday to uncover the stocks that are gapping in the S&P500 index.
Let's have a look at what is happening on the US markets before the opening bell on Tuesday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
