Marriott International, Inc. (MAR) is likely to benefit from solid leisure demand, digital initiatives and unit-expansion efforts. The focus on new midscale brands bodes well. However, an uncertain macroeconomic environment is a concern.Let us discuss the factors highlighting why investors should retain the stock for now.Growth CatalystsMarriott has been gaining from pent-up leisure demand. In first-quarter 2024, global RevPAR increased 4.2% year over year, with ADR rising approximately 3% and occupancy rea ...

Marriott International, Inc. (MAR) unveils plans to bolster its luxury portfolio with the conversion of three iconic properties across the United States. The Resort at Pelican Hill (Newport Beach, CA), Turtle Bay Resort (Oahu, HI) and a Midtown Manhattan luxury hotel will all join the Marriott Bonvoy portfolio. These conversions are expected to be finalized this summer, adding over 1,000 rooms to Marriott Bonvoy's already extensive luxury brand portfolio.These conversions solidify MAR's commitment to growin ...

Company Plans to Welcome The Resort at Pelican Hill (Newport Beach, CA), Turtle Bay Resort (O'ahu, HI), and a Luxury Hotel in Midtown Manhattan (New York City) to Its Luxury Portfolio BETHESDA, Md., June 3, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) announces plans to convert three iconic luxury properties in the U.S. to brands within the Marriott Bonvoy portfolio. Located in some of the most sought-after destinations in the country, The Resort at Pelican Hill, Turtle Bay Resort, and a ...

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 (“MAR”) AND MAR WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (“UK MAR”) 30 May 2024 Renewi plc Renewi announces sale of UK Municipal business to Biffa Renewi plc ("Renewi" or the "Group") (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a leading European waste-to-product company, is pleased to announce that, following the strategic review of its UK Municipal opera ...

Marriott International, Inc.’s (MAR) luxury brand, Ritz-Carlton, announced the debut of Ritz-Carlton Reserve property in the Middle East under the name of Nujuma.Located in the Red Sea on the Ummahat Island, this 63 overwater and beach villa property offers single-to-three-bedroom accommodation, spacious living areas and private pools overlooking the sea. Moreover, the availability of a personal host at each villa, an elevated ring walkway, luscious mangroves and the exquisite marine ecosystem, especially t ...

NUJUMA, A RITZ-CARLTON RESERVE, OFFERS GUESTS A RARE AND IMMERSIVE ESCAPE TO DISCOVER SAUDI ARABIAN CULTURE AND THE UNTAPPED WONDERS OF THE RED SEA   UMMAHAT ISLAND, Saudi Arabia, May 28, 2024 /PRNewswire/ -- Nujuma, a Ritz-Carlton Reserve, the first Ritz-Carlton Reserve in the Middle East was unveiled today on Ummahat Island in the tranquil waters of The Red Sea. The private island retreat is nestled within the captivating Blue Hole cluster of islands, where pristine coral reefs thrive beneath the surface ...

BETHESDA, Md., May 24, 2024 /PRNewswire/ -- Marriott International, Inc.'s (Nasdaq: MAR), Chief Financial Officer and Executive Vice President, Development Leeny Oberg, will speak at the 2024 Morgan Stanley Travel and Leisure Conference, to be held on Tuesday, June 4.  Ms. Oberg's remarks will be at approximately 9:45 a.m., Eastern Time, and will be webcast live. To access the webcast, please go to http://www.marriott.com/investor, and then click on the link to the "Morgan Stanley Travel and Leisure Confere ...

The choice of Florida and The Ritz-Carlton Naples, Tiburon, as the location for the next tennis center is no coincidence, as the luxury resort is the perfect spot for outdoor enthusiasts ready for an active retreat. Located just three miles from the Gulf of Mexico and nestled among the native wetlands and migratory bird preserves of an Audubon Cooperative Sanctuary, the resort offers two legendary championship golf courses, relaxation with on-site spa services, and culinary experiences such as al-fresco din ...

Marriott International (MAR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this hotel company have returned -1%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Hotels and Motels industry, which Marriott falls in, has lost 1.7%. The key question now is: What could be the stock's future direction?While media rel ...

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