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

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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.

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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. Its brands include Marriott Bonvoy, The Ritz-Carlton, Edition, W Hotels Worldwide, The Luxury Collection, Stregis Hotels and Resorts, JW Marriott, Bvlgari Hotels and Resorts, Sherton, Marriott, Marriott Vacation Club, Delta Hotels Marriott, Westin Hotels and Resorts, Le Meridien, Renaissance Hotels, Autograph Collection Hotels, Tribute Portfolio, Design Hotels, Gaylord Hotels, Courtyard, Springhill Suites, Four Points by Sheraton, Fairfield, Protea Hotels, AC Hotels Marriott, aloft Hotels, Moxy Hotels, City Express, ResidenceINN, Towneplaces Suites, Marriott Executive Apartments, and element. It operates through the following geography segments: United States and Canada, Europe, Middle East, and Africa, Asia Pacific, and Greater China. 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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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.

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Free cash flow

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.

In the next decade, The New York Times reported that $16 trillion will be transferred from boomers to their heirs. That leaves north of $70 trillion to be transferred in the decades after and, of that, timeshares will be a good alternative for the next generation to own and travel.

A Closer Look at Marriott Vacations

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The U.S. economy added 187, 000 jobs in July of 2023, below market expectations of 200, 000.

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An analyst bumped his price target higher on the hospitality company. He maintained his equivalent of a buy recommendation on the stock as he did so.

Why Marriott International Stock Inched Higher Today

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These hotel operators are witnessing substantial increases in their respective earnings estimates.

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The shift overseas is driving up international airfares and room rates, while domestic growth lags.

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Travel is recovering, there is little doubt about it. Ryanair's traffic was more than 10% higher year-on-year in July, Marriott has upped its guidance for the second half of the financial year and Whitbread shares are nearing its highest level since the pandemic.

Can IHG join Marriott in celebrating a strong recovery?

Marriott's (MAR) second-quarter 2023 performance benefits from robust leisure demand and solid global booking trends. Strong RevPAR growth in international markets added to the positives.

Marriott (MAR) Tops Q2 Earnings Estimates, Raises '23 View

Marriott International, Inc. (NASDAQ:MAR ) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Jackie McConagha - Senior Vice President, Investor Relations Tony Capuano - President & Chief Executive Officer Leeny Oberg - Chief Financial Officer & Executive Vice President, Development Betsy Dahm - Vice President of Investor Relations Conference Call Participants Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Joe Greff - JPMorgan Richard Clarke - Bernstein David Katz - Jefferies Smedes Rose - Citi Dori Kesten - Wells Fargo Bill Crow - Raymond James Duane Pfennigwerth - Evercore ISI Robin Farley - UBS Brandt Montour - Barclays Ari Klein - BMO Capital Markets Michael Bellisario – Baird Operator Good day, everyone, and welcome to today's Marriott International Q2 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Marriott International, Inc. (MAR) Q2 2023 Earnings Call Transcript

Marriot International NASDAQ: MAR is becoming a mouthwatering value play within a sector that is breaking out above all others, a significant factor during questioning economic times such as today. Shares of Marriot are relatively flat, despite posting their long-awaited second quarter 2023 earnings results, where most market participants had been biting their nails given the highly cyclical nature of Marriot's industry.

Investors Are Staying Bullish On Marriot International

While the top- and bottom-line numbers for Marriott (MAR) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Marriott (MAR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Marriott International (MAR) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $1.80 per share a year ago.

Marriott International (MAR) Surpasses Q2 Earnings and Revenue Estimates

Marriott International Inc. MAR, +1.10% reported Tuesday second-quarter profit and revenue that beat expectations, with particular strength in its international regions, and raised its full-year outlook. Meanwhile, the hotel operator's stock slipped 0.8% in premarket trading, after closing Monday at a record high.

Marriott beats earnings expectations and raises outlook, but stock pulls back from record high

Second quarter 2023 comparable systemwide constant dollar RevPAR increased 13.5   percent worldwide, 6.0 percent in the U.S. & Canada, and 39.1 percent in international markets, compared to the 2022 second quarter;  Second quarter reported diluted EPS totaled $2.38, compared to reported diluted EPS of $2.06 in the year-ago quarter.  Second quarter adjusted diluted EPS totaled $2.26, compared to second quarter 2022 adjusted diluted EPS of $1.80; Second quarter reported net income totaled $726 million, compared to reported net income of $678 million in the year-ago quarter.

MARRIOTT INTERNATIONAL REPORTS SECOND QUARTER 2023 RESULTS AND RAISES FULL YEAR OUTLOOK

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Melius Research analysts start coverage of Hilton, Hyatt and Marriott with Buy ratings but are more cautious on Airbnb and Expedia.

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These consumer-centric companies are expected to have posted strong quarterly growth and now may be a good time to buy their stocks for a strengthening outlook.

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The industry is benefiting from increasing demand and RevPAR. Stocks like MAR, HLT and PLYA will likely benefit from the prevailing scenario.

3 Hotels & Motels Stocks to Buy as Prospects Look Promising

Robust leisure demand, strong global booking trends and travel restrictions leniency are likely to benefit Marriott's (MAR) second-quarter 2023 results. Yet, persisting inflation remains a concern.

Solid RevPAR Growth to Benefit Marriott's (MAR) Q2 Earnings

BETHESDA, Md. , July 27, 2023 /PRNewswire/ -- In recognition of World Day against Trafficking in Persons on July 30, Marriott International and the University of Maryland Support, Advocacy, Freedom, and Empowerment Center for Human Trafficking Survivors (the SAFE Center) today announced the nationwide expansion of Future in Training (FiT) Curriculum that seeks to equip survivors of human trafficking interested in embarking on careers in hospitality with necessary information and resources.

Marriott International and University of Maryland SAFE Center Announce Nationwide Rollout of Hospitality Training Curriculum for Survivors of Trafficking

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Consumer confidence is rebounding on easing inflation, helping stocks like OneSpaWorld Holdings (OSW), Marriott International (MAR), Lifetime Brands (LCUT), Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH).

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Marriott (MAR) and MGM Resorts (MGM) are expanding their loyalty programs to broaden offerings. The partnership facilitates the development of MGM Collection with Marriott Bonvoy.

Marriott (MAR) Boost Loyalty Offerings With MGM Resorts Tie-Up

MGM Resorts

The partnership seeks to capitalize on frequent or business travelers, who can be fiercely loyal to certain hotel brands in effort to rack up rewards.

Marriott and MGM link loyalty programs in a bid on business travelers

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Additionally, Marriott International and BetMGM sign loyalty marketing agreement to make Marriott Bonvoy the exclusive hospitality loyalty program partner of BetMGM BETHESDA, Md. and LAS VEGAS , July 17, 2023 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM's unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9178653-marriott-mgm-license-agreement-creates-mgm-collection-with-marriott-bonvoy/ Beginning in October, several MGM Collection with Marriott Bonvoy resorts will be available for booking on Marriott's robust digital platforms, including Marriott.com and the Marriott Bonvoy mobile app, with all properties expected to be available by the end of the year.

News for Marriott Stock (MAR)