Marriott International, Inc. (MAR)
After hours:
| Previous Close | 229.06 |
| Open | 229.47 |
| Bid | 227.40 x 200 |
| Ask | 241.89 x 100 |
| Day's Range | 227.16 - 232.90 |
| 52 Week Range | 180.75 - 260.57 |
| Volume | |
| Avg. Volume | 1,652,766 |
| Market Cap | 64.075B |
| Beta (5Y Monthly) | 1.59 |
| PE Ratio (TTM) | 22.78 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.52 (1.11%) |
| Ex-Dividend Date | Aug 16, 2024 |
| 1y Target Est | N/A |
- Reuters
Marriott says booking window in Greater China down to under three days
"The ability to really build in creative and aggressive pricing strategy is impacted pretty significantly (by the short booking window)," CEO Anthony Capuano said at the Bank of America Gaming and Lodging Conference. The three-day booking window is the shortest he has seen, Capuano added. In July, Marriott lowered its forecast for 2024 room revenue growth, citing softer domestic travel demand in China and North America.
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Airbnb & NYC, hotel protests, Rolls-Royce engines: Top Stories
Airbnb (ABNB) is asking New York City officials to scale back regulations on short-term rental hosts. New York's Local Law 18 requires hosts to apply for a license from the Office of Special Enforcement (OSE). Hilton Worldwide (HLT), Marriott International (MAR), and Hyatt Hotels (H) workers are striking nationwide as walkouts organized by the Unite Here union protest against working conditions and demand for higher wages. Chinese airline Cathay Pacific (0293.HK, CPCAY) has cited component failures in aircrafts' Rolls-Royce (RR.L) engines, leading to flight cancellations throughout the week. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
