Here's Why You Should Retain Marriott (MAR) in Your Portfolio
Marriott International(MAR) ZACKS·2024-06-05 22:01
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 ...