Marriott (MAR) Q4 Earnings Surpass Estimates, Revenues Miss
MARMarriott International(MAR) Zacks Investment Research·2024-02-14 03:41

Marriott International, Inc. (MAR) reported fourth-quarter 2023 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. The top and bottom lines increased on a year-over-year basis. The upside was backed by solid leisure demand and recovery in business transient and group demand. It also benefited from its fee-driven, asset-light business model.The company reported strength in The Marriott Bonvoy loyalty program, comprising 196 million members as of 2023-end. It expand ...