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Marriott's (MAR) third-quarter performance is likely to have benefited from the reopening of international borders, leniency in travel restrictions, unit expansion efforts and hotel conversions.
Marriott (MAR) third-quarter results hurt by dismal occupancy rates and RevPAR.
Marriott (MAR) delivered earnings and revenue surprises of 185.71% and -5.90%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Marriott's (MAR) third-quarter 2021 performance benefits from solid leisure demand as well as the opening of many key international borders. Marriott (MAR) Q3 Earnings Beat Estimates, Increase Y/Y ...
Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. [1] [2] Marriott International owns over 36 hotel and timeshare brands with 9,000 locations and 1,597,380 rooms across its network (as of 2023). [3]
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. [2] Formerly a division of Marriott International , Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. [ 3 ]
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As CEO of Marriott, one of the key decisions that Sorenson was known for was the $13 billion acquisition of Starwood Hotel & Resorts Worldwide, Inc., which made the company the largest global hotel chain with over 30 hospitality brands including Sheraton, W Hotels, Ritz-Carlton, Westin, among others, and held more than 1.4 million rooms globally.