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

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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. 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 2023

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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.

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Net change in cash

Free cash flow

Marriott's (MAR) first-quarter 2023 performance benefits from robust leisure demand, solid global booking trends and easing travel restrictions throughout Asia Pacific.

Marriott (MAR) Q1 Earnings & Revenues Top Estimates, Rise Y/Y

Marriott International, Inc. (NASDAQ:MAR ) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Jackie Burka - SVP, IR Tony Capuano - President and CEO Leeny Oberg - CFO and EVP, Business Operations Conference Call Participants Joe Greff - JPMorgan Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Shaun Kelley - Bank of America Smedes Rose - Citi Patrick Scholes - Truist Securities Richard Clarke - Bernstein Dori Kesten - Wells Fargo Brandt Montour - Barclays Duane Pfennigwerth - Evercore ISI Chad Beynon - Macquarie Operator Good day, everyone, and welcome to today's First Quarter 2023 Earnings Call. [Operator Instructions] Please note, this call may be recorded.

Marriott International, Inc. (MAR) Q1 2023 Earnings Call Transcript

Marriott International (NYSE:MAR) Inc, one of the world's largest hotel operators, has raised its full-year profit forecast following a faster-than-expected recovery in international markets and strong booking trends globally. The company expects full-year revenue per available room (RevPAR) growth between 10% and 13%, compared to its prior forecast of 6% to 11%, after posting a 34.3% rise in RevPAR during the first quarter.

Marriott raises full-year 2023 profit forecast following 1Q earnings beat

The headline numbers for Marriott (MAR) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Marriott (MAR) Q1 Earnings

Marriott International (MAR) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.25 per share a year ago.

Marriott International (MAR) Surpasses Q1 Earnings and Revenue Estimates

Shares of Marriott International Inc. MAR surged 2.3% in premarket trading Tuesday after the hotel operator reported first-quarter results that rose well above expectations and raised its full-year outlook, amid “meaningful gains” in both occupancy and average daily rates. Net income doubled to $757 million, or $2.43 a share, from $377 million, or $1.14 a share, in the year-ago period.

Marriott stock rallies after earnings beat and raised outlook, demand remains strong with signs of a slowdown

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First quarter 2023 comparable systemwide constant dollar RevPAR increased 34.3   percent worldwide, 25.6 percent in the U.S. & Canada, and 63.1 percent in international markets, compared to the 2022 first quarter;  First quarter reported diluted EPS totaled $2.43, compared to reported diluted EPS of $1.14 in the year-ago quarter.  First quarter adjusted diluted EPS totaled $2.09, compared to first quarter 2022 adjusted diluted EPS of $1.25; First quarter reported net income totaled $757 million, compared to reported net income of $377 million in the year-ago quarter.

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

Transaction Makes Marriott International the Largest Hotel Company in the Caribbean and Latin America BETHESDA, Md. , May 1, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that it has completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B.

Marriott International Expands into Affordable Midscale Segment with Acquisition of the City Express Brand Portfolio

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As some U.S. hotels hung onto practices they adopted during the coronavirus pandemic — such as eliminating daily cleanings of hotel rooms — the number of hotel housekeepers fell by more than 102,000 last year from pre-pandemic levels, new data shows.

Hotel-housekeeping jobs have fallen by 102,000 during the pandemic. What happened?

Marriott's (MAR) first-quarter 2023 results are likely to benefit from robust leisure demand and business and leniency in cross-border travel restrictions.

Marriott (MAR) to Report Q1 Earnings: What's in Store?

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The world is open now, so let's look at some of the best travel stocks to buy. The travel and tourism industry has faced an uphill battle in the past few years, grappling with the crippling impact of the coronavirus that brought the world to a standstill in 2020.

The 3 Top Travel Stocks to Buy for May 2023

Marriott (MAR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Marriott (MAR) Upgraded to Strong Buy: Here's Why

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Six Flags

We have narrowed our search to five consumer discretionary stocks that are set to report first-quarter 2023 earnings results. These are: CHDN, CROX, GOLF, MAR and SIX.

5 Consumer Discretionary Stocks to Buy Ahead of Q1 Earnings

Initiative Designed to Increase Hotel Development and Ownership Among Historically Underrepresented Groups Company to Also Host "She Has a Deal" Pitch Competition and Awards Luncheon  April 27-28 BETHESDA, Md. , April 26, 2023 /PRNewswire/ -- As part of Marriott International's (Nasdaq: MAR) ongoing commitment to diversity, equity and inclusion, the company today announced that the first 19 projects receiving financial support and other incentives through "Marriott's Bridging the Gap" program will include the company's Aloft Hotels, Autograph Collection, Fairfield Inn & Suites, Residence Inn, SpringHill Suites, TownePlace Suites and Tribute Portfolio brands.

First 19 Development Projects Announced Under Marriott's Bridging the Gap Program

Here is how Marriott International (MAR) and Ralph Lauren (RL) have performed compared to their sector so far this year.

Are Consumer Discretionary Stocks Lagging Marriott International (MAR) This Year?

Marriott (MAR) plans to expand its presence in 10 new cities in India, with more than 100 new properties.

Marriott (MAR) to Boost Presence in India With Over 100 Hotels

Uber

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BETHESDA, Md. , April 10, 2023 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) will report first quarter 2023 earnings results on Tuesday, May 2, 2023, at approximately 7:00 am Eastern Time (ET).

MARRIOTT INTERNATIONAL ANNOUNCES RELEASE DATE FOR FIRST QUARTER 2023 EARNINGS

Marriott International is set to see significant expansion of its Ritz-Carlton and W Hotels brands in China this year. The stock looks attractively priced from an earnings standpoint.

Marriott International: Continued China Expansion Provides Growth Opportunity

China Lodging Group

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Vista Outdoor

According to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus based on 13F equity portfolio filings, five leisure and lodging stocks broadly owned by gurus include Hilton Worldwide Holdings Inc. ( HLT , Financial), Marriott International Inc. ( MAR , Financial), H World Group Ltd. ( HTHT , Financial), Vista Outdoor Inc. ( VSTO , Financial) and Johnson Outdoors Inc. ( JOUT , Financial).

5 Leisure and Lodging Stocks Gurus Are Traveling With

For 26th Year in a Row, Marriott Named One of Fortune's 100 Best Companies to Work For®    BETHESDA, Md. , April 4, 2023 /PRNewswire/ -- Today, Marriott International, Inc. (NASDAQ: MAR) announced it is launching its new people brand, "Be," as the company continues its focus on attracting and retaining top talent around the world.

Marriott International Launches New People Brand "Be" to Grow and Empower Global Workforce

Growth has been very strong, driven by improving REVPAR and a focus on increasing. In the last decade, the company has spent $17.7BN repurchasing shares.

Marriott: Monster Profitability Partnered With Growth

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While you might already know that you can invest in consumer staples like food and tobacco products, you might not know that you can also invest in what people buy when they have more to spend. Consumer discretionary stocks come from companies that produce goods and services that consumers can choose to purchase but are not considered essential to their day-to-day lives.

11 Best Consumer Discretionary Stocks of 2023

Set Above the City Skyline, The Ritz-Carlton, Melbourne Celebrates Ancient Stories and Vibrant Cultures with Stunning Design and Immersive Experiences  MELBOURNE, Australia , March 23, 2023 /PRNewswire/ -- The Ritz-Carlton, part of Marriott Bonvoy's portfolio of 30 exceptional hotel brands, today announced the opening of The Ritz-Carlton, Melbourne , debuting an oasis of elevated luxury in the heart of the metropolis. Soaring 80 stories above the city, the new hotel brings the brand's legendary service and contemporary aesthetic to Australia's arts and epicurean capital.

News for Marriott Stock (MAR)