Description
Marriott International delivered an all-around beat in the previous quarter. The global travel demand has remained robust, with a 9% increase in worldwide RevPAR compared to 2022. The US and Canada experienced a 4% RevPAR growth, while international markets saw a substantial 22% increase, primarily driven by gains in Asia Pacific. The leisure transient travel segment played a significant role, constituting 45% of global room nights during the quarter, surpassing the year’s first half by four percentage points. Leisure room nights from US and Canadian international guests increased by almost 25%, reflecting a notable rebound from the previous year’s COVID-related travel restrictions. Business transient demand, accounting for 32% of global room nights, demonstrated slow and steady growth. The Marriott Bonvoy Loyalty Program, with 192 million members, remains a focus, leveraging digital and technology transformation to enhance member experiences. The quarter also marked a significant pipeline of nearly 557,000 rooms, showcasing strong interest in conversions. Marriott’s team expressed excitement about global opportunities in the mid-scale segment, citing momentum with brands like City Express, Four Points Express, and StudioRes.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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