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Marriott International Inc (MAR.OQ)

MAR.OQ on NASDAQ Stock Exchange Global Select Market

142.17USD
23 Feb 2018
Change (% chg)

$1.57 (+1.12%)
Prev Close
$140.60
Open
$141.82
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$142.24
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$140.66
Volume
640,308
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894,140
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$149.20
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$85.64

Latest Key Developments (Source: Significant Developments)

Marriott Files For Potential Mixed Shelf Offering
Thursday, 15 Feb 2018 05:18pm EST 

Feb 15 (Reuters) - Marriott International Inc ::MARRIOTT FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DSICLOSED - SEC FILING.  Full Article

Marriott Sees North America RevPAR Up 1-2 pct In 2018
Thursday, 15 Feb 2018 11:49am EST 

Feb 15 (Reuters) - Marriott ::EXPECT NORTH AMERICA SYSTEM-WIDE REVPAR WILL INCREASE 1% TO 2% FOR FY 2018 - CONF CALL‍​.FOR ENTIRE CARIBBEAN AND LATIN AMERICA REGION, EXPECT REVPAR WILL INCREASE AT LOW SINGLE-DIGIT RATE IN FULL YEAR 2018 - CONF CALL‍​.REVPAR IN MIDDLE EAST AND AFRICA WILL BE FLATTISH FOR THE FULL YEAR 2018 - CONF CALL‍​.FOR FY 2018, EXPECT REVPAR IN ASIA PACIFIC REGION TO GROW AT MID-SINGLE-DIGIT RATE, REFLECTING STRENGTH IN CHINA AND INDIA.FOR FY 2018 SEES INTERNATIONAL REVPAR UP 3%-5%, WORLDWIDE REVPAR UP 1%-3% - CONF CALL.EXPECT ADJUSTED DILUTED EPS WILL TOTAL $5.11 TO $5.34 IN 2018 - CONF CALL.CORPORATE GROUP BOOKINGS IN Q4 "SHOWED A BIT OF A SIGN OF LIFE" - CEO ON CONF CALL."I'VE BEEN STRUCK BY HOW BROAD THE OPTIMISM IS AMONG U.S. CORPORATE CEOS, REALLY DRAMATICALLY IMPROVING POST TAX REFORM - CEO ON CONF CALL."WE'VE SEEN GREAT SHIFT TOWARDS DIRECT CHANNELS IN THE LAST FEW YEARS EVEN WITH FAIRLY ANEMIC DEMAND GROWTH" - CEO ON CONF CALL.  Full Article

Marriott International Reports Q4 Earnings Per Share $0.54
Wednesday, 14 Feb 2018 04:30pm EST 

Feb 14 (Reuters) - Marriott International Inc ::MARRIOTT INTERNATIONAL REPORTS STRONG FOURTH QUARTER 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.12.Q4 EARNINGS PER SHARE $0.54.MARRIOTT - WORLDWIDE COMPARABLE SYSTEMWIDE CONSTANT DOLLAR REVPAR ROSE 4.6 PERCENT IN 2017 Q4.MARRIOTT - QTRLY NORTH AMERICAN COMPARABLE SYSTEMWIDE CONSTANT DOLLAR REVPAR ROSE 3.9 PERCENT.MARRIOTT - FOR 2018 Q1, MARRIOTT EXPECTS COMPARABLE SYSTEMWIDE REVPAR ON A CONSTANT DOLLAR BASIS IN NORTH AMERICA WILL BE FLAT TO UP 2 PERCENT.MARRIOTT - QTRLY TOTAL REVENUES AS REPORTED $5,875 MILLION VERSUS $5,456 MILLION.Q4 EARNINGS PER SHARE VIEW $1.00, REVENUE VIEW $5.63 BILLION -- THOMSON REUTERS I/B/E/S.MARRIOTT - NOT INCLUDING INCREMENTAL ASSET SALES, CO EXPECT TO RETURN ROUGHLY $2.5 BILLION TO SHAREHOLDERS IN SHARE REPURCHASES AND DIVIDENDS IN 2018..MARRIOTT - EXPECTS FULL YEAR 2018 FEE REVENUE WILL TOTAL $3,535 MILLION TO $3,620 MILLION.MARRIOTT - EXPECTS FULL YEAR 2018 ADJUSTED EBITDA COULD TOTAL $3,315 MILLION TO $3,420 MILLION.MARRIOTT - EXPECTS INVESTMENT SPENDING IN 2018 WILL TOTAL APPROXIMATELY $600 MILLION TO $700 MILLION.MARRIOTT - ‍IN 2018, ANTICIPATE NUMBER OF ROOMS WILL INCREASE ROUGHLY 7 PERCENT GROSS​.MARRIOTT - ‍ROOMS DELETIONS SHOULD TOTAL 1 TO 1.5 PERCENT DURING 2018.MARRIOTT - ‍ALSO CONTINUE TO EXPECT GLOBAL REVPAR WILL INCREASE BY 1 TO 3 PERCENT IN 2018​.  Full Article

Marriott International Sets Quarterly Cash Dividend Of $0.33 Per Share
Friday, 9 Feb 2018 11:08am EST 

Feb 9 (Reuters) - Marriott International Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.33 PER SHARE.  Full Article

Marriott Signs New Co-Brand Credit Card Agreements With JPMorgan Chase, American Express
Tuesday, 5 Dec 2017 08:30am EST 

Dec 5 (Reuters) - Marriott International Inc ::MARRIOTT INTERNATIONAL SIGNS NEW CO-BRAND CREDIT CARD AGREEMENTS WITH JPMORGAN CHASE AND AMERICAN EXPRESS.MARRIOTT - REACHED NEW AGREEMENTS WITH JPMORGAN CHASE & AMERICAN EXPRESS FOR U.S.-ISSUED, CO-BRAND CREDIT CARDS ASSOCIATED WITH LOYALTY PROGRAMS.MARRIOTT - MARRIOTT EXPECTS TO INTRODUCE NEW, CO-BRAND PRODUCTS STARTING IN 2018.MARRIOTT - FOR NOW, THERE WILL BE NO CHANGES TO MARRIOTT'S EXISTING CO-BRAND CARDS FOR MEMBERS.  Full Article

Microsoft Says Re-Elected 10 Directors And Elected Four New Directors At Shareholders Meeting
Wednesday, 29 Nov 2017 05:08pm EST 

Nov 29 (Reuters) - Microsoft Corp ::MICROSOFT SAYS RE-ELECTED 10 DIRECTORS AND ELECTED FOUR NEW DIRECTORS AT SHAREHOLDERS MEETING.MICROSOFT - APPROVED MICROSOFT CORPORATION 2017 STOCK PLAN AT SHAREHOLDERS MEETING.MICROSOFT - FOUR NEW DIRECTORS INCLUDE REID HOFFMAN, PARTNER AT GREYLOCK PARTNERS; HUGH JOHNSTON, VICE CHAIRMAN AND CFO OF PEPSICO.MICROSOFT - NEW DIRECTORS INCLUDE PENNY PRITZKER, CHAIRMAN OF PSP CAPITAL AND EX-U.S. SECRETARY OF COMMERCE; ARNE SORENSON, CEO OF MARRIOTT.  Full Article

‍MARRIOTT INTERNATIONAL ANNOUNCES GLOBAL PARTNERSHIP WITH UNIVERSAL MUSIC GROUP​
Monday, 13 Nov 2017 10:04am EST 

Nov 13 (Reuters) - Marriott International Inc ::‍MARRIOTT INTERNATIONAL SAYS ANNOUNCED GLOBAL PARTNERSHIP WITH UNIVERSAL MUSIC GROUP​.  Full Article

Aspen REIT files for initial public offering
Monday, 13 Nov 2017 08:19am EST 

Nov 13 (Reuters) - Marriott International Inc :Aspen REIT Inc files for initial public offering; targets nyse american listing.Aspen REIT - ‍company seeks to raise $33.5 million via jobs act reg a+ in ipo.Aspen says ‍intends to use most of net proceeds from ipo to buy a 100 percent indirect interest in st. Regis aspen resort​.Aspen REIT Inc ‍says plans to offer 1,675,000 shares at $20.00 per share in ipo.Aspen REIT Inc intends to apply to list its common stock on nyse american stock exchange under ticker symbol "AJAX"​.Aspen REIT Inc says ‍maxim Group Llc will act as lead managing selling agent for ipo.  Full Article

Marriott increases share buyback authorization, declares dividend
Thursday, 9 Nov 2017 12:19pm EST 

Nov 9 (Reuters) - Marriott International Inc ::Marriott International declares cash dividend and increases share buyback authorization.Board increased authorization to repurchase Class A common stock by an additional 30 million shares​.Sets quarterly cash dividend of $0.33 per share.  Full Article

Marriott says seeing cautious behavior from corporates in N.America - Conf call‍​
Wednesday, 8 Nov 2017 11:15am EST 

Nov 8 (Reuters) - Marriott International Inc :Expects 2018 North American RevPAR to be flat to up 2 percent, largely driven by room rates, assuming continued cautious corporate demand.Expects international markets RevPAR to increase 3-5 percent in 2018.Expects strong mid-single-digit growth in Asia Pacific, low single-digit growth in Europe, Caribbean and Latin America, and slightly positive RevPAR growth in Middle East and Africa.Estimating room deletions across its portfolio to total 1-1.5 percent in both 2017 and 2018, compared with typical rate of rooms deletions of about 1 percent each year.Says the unusual level of room deletions is largely related to the Sheraton brand.Says, in North America, seeing a bit more cautious behavior, on average, from corporate customers than it would have expected given GDP growth.Says continues to work with Alibaba on loyalty program, particularly with great sign-up from the kind of Chinese consumers it wants to have.Says there has been a modest decrease in international arrivals to the U.S. from all foreign sources in 2017; says will have to see if that changes in 2018.  Full Article

RPT-Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle

MEXICO CITY, Feb 16 When a Mexican real estate investment trust bought four hotels along the country's Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government's recent energy reform to attract droves of oil executives, engineers and technicians.