Revenue segments as reported by the company.

Net Fee Revenues

Owned, leased, and other revenue

Cost reimbursement revenue

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Owned, leased, and other - direct

Depreciation, amortization, and other

General, administrative, and other

Restructuring and merger-related charges

Reimbursed expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Marriott

Starwood is a subsidiary of Marriott International. It was one of the world's largest hotel companies that owns, operates, franchises and manages hotels, resorts, spas, residences, and vacation ownership properties under its 11 owned brands. As of 1 December 2014, Starwood Hotels and Resorts owned, managed, or franchised over 1,200 properties employing over 180,400 people, of whom approximately 26% were employed in the United States.

Starwood

Ritz-Carlton is an American company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 91 luxury hotels and resorts in 30 countries and territories. The brand was subsequently expanded to other locations. The company is today a subsidiary of Marriott International.

Ritz-Carlton

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: United States and Canada, Europe, Middle East, and Africa, Asia Pacific, and Greater China. Its brands include Marriott Bonvoy, The Ritz-Carlton, Edition, W Hotels Worldwide, The Luxury Collection, and Stregis Hotels and Resorts etc. The company was founded by John Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q4 2024

Marriott reports robust Q4 performance and outlines growth opportunities

Marriott's Q4 2022 showcased strong financial performance, driven by robust leisure and group business demand. The company's strategic focus on ESG initiatives, capital deployment, and technology investments positions it well for future growth. Challenges such as construction impacts and wage pressures require careful management.

Marriott reports stellar Q1 performance, eyes global growth opportunities

Marriott's Q1 2023 earnings call showcased impressive performance with significant RevPAR growth, record fee revenues, and strong loyalty program metrics.
While facing challenges in the financing environment and varying recovery paces, the company is well-positioned to leverage opportunities in key markets and enhance shareholder value.
By focusing on transparency, loyalty program growth, and strategic capital return plans, Marriott demonstrates resilience and adaptability in navigating the evolving hospitality landscape.
The company's emphasis on maintaining financial strength, monitoring distribution channels, and capitalizing on recovery trends positions it for continued success and growth in the future.

Marriott posts record Q2 earnings, eyes international growth opportunities

Marriott's Q2 earnings call showcases strong performance, record revenues, and optimistic outlook for the future. The company's strategic initiatives, including loyalty program growth and new partnerships, position it well for continued success. Challenges in financing and competition require attention, but opportunities in affordable mid-scale offerings and international markets present avenues for growth.

Marriott reports robust Q3 results, eyes experiential travel opportunities

Marriott's Q3 performance reflects strong RevPAR growth and loyalty program success.
While facing challenges in corporate travel recovery and luxury tier rate trends, opportunities lie in experiential travel demand and new consumer segments.
The company's focus on partnerships and digital experiences positions it well for future growth.
Overall, Marriott's commitment to shareholder returns and capital strength underpins its positive outlook.

Marriott reports robust Q4 performance, eyes Asia Pacific growth

Marriott's Q4 2023 showcased strong performance, particularly in RevPAR and group revenues. The company anticipates net rooms growth and global RevPAR rise in 2024, with a focus on capital returns to shareholders. Challenges include financing issues and moderation in select service segment growth.

Marriott posts strong Q1 results, eyes international expansion opportunities

Marriott's Q1 2024 showcased robust financial performance, marked by global RevPAR growth, strong international presence, and increased membership in Marriott Bonvoy.
While facing challenges like fluctuations in business travel and residential branding fees, Marriott is leveraging opportunities in new brand launches and international market expansion.
With a focus on digital transformation and sustainable growth strategies, Marriott remains well-positioned for continued success and revenue generation in the hospitality industry.

Marriott reports robust Q2 performance with global growth and challenges

Marriott's Q2 2024 performance reflects strong global RevPAR growth and revenue increase, driven by international markets.
While facing challenges in Greater China, Marriott's strengths lie in loyalty program engagement, expansion efforts, and financial outlook.
Opportunities for growth exist in Asia Pacific, loyalty program expansion, and continued investment in room development.
Overall, Marriott's financial resilience and strategic initiatives position the company for continued success and growth.

Marriott reports robust Q3 performance amidst global challenges and opportunities

Marriott International's Q3 2024 performance reflects resilience and growth, driven by strong RevPAR increases in key segments and regions, despite challenges in Greater China.
The company's strategic strengths in customer targeting, loyalty program engagement, and global expansion efforts position it well for future growth and market competitiveness.
While facing challenges in certain markets, Marriott's focus on opportunities like loyalty program expansion, portfolio diversification, and market-specific strategies presents avenues for sustained growth.
Overall, Marriott's performance underscores its ability to navigate market complexities, capitalize on strengths, and adapt to evolving industry dynamics to drive long-term success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Booking Hlds

Viking Holdings Ltd

In early June, Morgan Stanley (NYSE: MS ) published a report on travel industry trends. The results confirm what many investors believe when it comes to the best travel stocks.

The 3 Best Travel Stocks to Buy in August 2024

Investors typically have two ways to express their bearish views of a stock: sell out of a stock expected to fall shortly or outright short the stock. Shorting is a bit more complex since the downside is theoretically infinite while the upside is fixed, and borrowing shares creates an interest expense for most.

Why Put Option Volume Means a Bullish Future for Marriott Stock

SHANGHAI , Aug. 1, 2024 /PRNewswire/ -- Marriott International, Inc. recently announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to Hangzhou. Anticipated to open in 2031, W Hangzhou will be located at the northwest intersection of Minhe Road and Liyi Road in Qianjiang Century City, Hangzhou's developing new CBD.

MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH ZHONG AN COMMERCIAL GROUP TO BRING W HOTELS TO HANGZHOU

Marriott International, Inc MAR reported weaker-than-expected revenue for its second quarter on Wednesday.

These Analysts Cut Their Forecasts On Marriott After Q2 Results

Adjusted EPS was $2.50, slightly exceeding management's guidance. Worldwide Comparable RevPAR (Revenue per Available Room) increased by 4.9% in Q2, meeting the higher end of guidance.

Marriott International Lowers 2024 Guidance

Marriott International's (MAR) second-quarter results Wednesday came with disappointing revenue per available room (revPAR) guidance, sending the huge hotel company's shares sharply lower.

Marriott Stock Slides as 2024 Guidance Disappoints

Marriott's (MAR) second-quarter 2024 results reflect continuous growth in global travel demand aiding the RevPAR growth. Yet, increased expenses marred prospects to some extent.

Marriott (MAR) Q2 Earnings Top, Revenues Miss, '24 View Cut

Marriott International, Inc. (NASDAQ:MAR ) Q2 2024 Earnings Call Transcript July 31, 2024 8:30 AM ET Company Participants Jackie McConagha - SVP, IR Tony Capuano - President and CEO Leeny Oberg - CFO and EVP, Development Conference Call Participants Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Smedes Rose - Citi Joe Greff - JPMorgan David Katz - Jefferies Brandt Montour - Barclays Dan Politzer - Wells Fargo Bill Crow - Raymond James Ari Klein - BMO Capital Markets Robin Farley - UBS Patrick Scholes - Truist Securities Michael Bellisario - Baird Operator Good day everyone and welcome to today's Marriott International Q2 2024 Earnings. At this time, all participants are in a listen-only mode.

Marriott International, Inc. (MAR) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Marriott (MAR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Marriott (MAR) Reports Q2 Earnings: What Key Metrics Have to Say

Marriott International (MAR) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.26 per share a year ago.

Marriott International (MAR) Surpasses Q2 Earnings Estimates

Marriott International Inc.'s stock MAR dropped 4.4% in premarket trading Wednesday after it said it expects to miss Wall Street analyst estimates for its third-quarter adjusted earnings, while falling short of Wall Street's second-quarter revenue projection. Marriott said its second-quarter results were “strong” as net income increased by 6% to $772 million, or $2.69 a share, from $726 million, or $2.38 a share, in the year-ago quarter.

Marriott's stock falls after it projects lower-than-expected Q3 profit

Second quarter 2024 comparable systemwide constant dollar RevPAR increased 4.9 percent worldwide, 3.9 percent in the U.S. & Canada, and 7.4 percent in international markets, compared to the 2023 second quarter; Second quarter reported diluted EPS totaled $2.69, compared to reported diluted EPS of $2.38 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $2.50, compared to second quarter 2023 adjusted diluted EPS of $2.26; Second quarter reported net income totaled $772 million, compared to reported net income of $726 million in the year-ago quarter.

Marriott International Reports Second Quarter 2024 Results

Building on the Brand's Legacy of Wonderful Hospitality, Guests of Marriott Cancun, An All-Inclusive Resort Will Step into a World of Unparalleled Hospitality and Enriching Experiences BETHESDA, Md. , July 30, 2024 /PRNewswire/ -- Marriott Hotels , the signature flag of Marriott Bonvoy's portfolio of more than 30 extraordinary brands, hasn't just set the standard for hospitality, it's raised it: innovating at every opportunity and earning the trust of travelers all around the globe.

An All-Inclusive Awakening: Marriott Hotels Elevates the Art of Hospitality with New Cancun Resort

Marriott's (MAR) second-quarter 2024 results are likely to reflect increased global travel demand, especially in international markets, thus portraying RevPAR growth. Also, the top-line leverage and efficient operating model are likely to have aided the bottom line.

Factors Setting the Tone for Marriott's (MAR) Q2 Earnings

Get a deeper insight into the potential performance of Marriott (MAR) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Marriott (MAR) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Hyatt Hotels

InterContinental Hotels Group

Finding the best hotel stocks to buy can be a strategic move with the travel and tourism sector experiencing a significant rebound in 2024. Strong U.S. consumer spending trends in the first half of the year continue to fill the pent-up demand for both business and leisure travel.

The 3 Best Hotel Stocks to Buy Now: July 2024

Marriott (MAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Marriott International (MAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Cheaper airfares and strong labor market support travel demand and high occupancy trends in international hotels. Shares of Marriott International have returned nearly 40% since May 2023, but I now view the stock as fully valued. Its Q2 earnings report is expected to show solid international growth, with potential for increased shareholder-friendly moves.

Marriott International: A Mid-20s P/E And Easing Momentum, Downgrading To Hold

Strong Developer Value and Elevated Owner Experiences Continue to Fuel Growth for Marriott Branded Residences Portfolio  BETHESDA, Md. , July 22, 2024 /PRNewswire/ -- Today, Marriott International, Inc. (NASDAQ: MAR) announces the continued growth and global leadership of Marriott Branded Residences, along with enhanced Residence Owners benefits through ONVIA, the company's newly integrated Owner recognition platform.

Marriott International Strengthens Leadership Position in Branded Residences, Announces Owner Recognition Platform

Marriott's (MAR) focus on digital transformation, member engagement and strategic development positions it for sustained growth. However, increased expenses are a concern.

Marriott (MAR) Stock Up 29% in the Past Year: More Room to Run?

WILMINGTON, Del. & BETHESDA, Md.--(BUSINESS WIRE)--Chase, the largest co-brand card issuer in the U.S., and Marriott Bonvoy®, Marriott International's award-winning travel program and marketplace, today announced new and enhanced benefits on the Marriott Bonvoy Bold® Credit Card. Cardmembers now earn more Marriott Bonvoy points toward free stays and Marriott Bonvoy Moments experiences on a variety of popular everyday spend categories, and have access to an exciting new Travel Now, Pay Later ben.

Chase and Marriott Bonvoy® Introduce the Newly Enhanced Marriott Bonvoy Bold® Credit Card

PROVIDENCIALES, Turks and Caicos Islands, July 11, 2024 /PRNewswire/ -- The Ritz-Carlton, Turks and Caicos welcomes Louella Brezovar-van Veen as the new general manager of the luxury Caribbean hotel. With an esteemed career across various markets and spanning more than 30 years in hospitality, Brezovar-van Veen will oversee the operations for the 147-room oceanfront resort with 69 residences, located directly on the iconic Grace Bay beach.

The Ritz-Carlton, Turks and Caicos Welcomes Louella Brezovar-van Veen as The New Hotel General Manager

BETHESDA, Md. , July 10, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) will report second quarter 2024 earnings results on Wednesday, July 31, 2024, at approximately 7:00 a.m.

Marriott International Announces Release Date For Second Quarter 2024 Earnings

Perfectly nestled between Vail and Beaver Creek's prime attractions.   AVON, Colo.

Discover the New Marriott Duo in Vail Valley - Opening June 2024!

BETHESDA, Md. , July 10, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2024 Serve 360 Report highlighting the company's global Environmental, Social, and Governance ("ESG") efforts and progress towards its 2025 Sustainability and Social Impact Goals.

News for Marriott Stock (MAR)