The Latest Breaking News from Anthony Capuano

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Despite a challenging macroeconomic climate, Marriott (MAR) reported a strong financial performance in the first quarter and raised its RevPAR guidance for the rest of the year. With the company likely to benefit from high demand for travel and hospitality, investors could buy the fundamentally strong stock for the long…

Marriott International Inc. said demand for business and leisure travel continued to grow in the holiday quarter despite a setback from the spread of the Omicron variant.

Marriott International Inc (NASDAQ:MAR) reported fourth-quarter FY21 sales growth of 105% year-on-year, to $4.45 billion, beating the analyst consensus of $3.98 billion. Comparable systemwide constant dollar RevPAR declined 19.0% worldwide, 15.3% in the U.S. & Canada, and 28.2% in international markets, compared to Q4 FY19. Total expenses rose 65.7% Y/Y to $3.8 billion.…