Marriott

Marriott trims 2024 profit forecast on sluggish China domestic travel demand

MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and international demand, sending its shares down 3.4 per cent in earl...

The transaction marks KKR’s latest real estate investment in the Asia-Pacific region, along with Marriott’s entry into Japan’s affordable midscale segment.

KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties

The properties are expected to open under the Four Points Express by Sheraton brand in H2 2024

Marriott expects worldwide room revenue to increase by 3 to 5 per cent this year. It sees 4 to 5 per cent growth in the second quarter.

Marriott boosts full-year profit view after mixed Q1 results

HOTEL operator Marriott International raised its forecast for annual adjusted profit on Wednesday (May 1) after mixed first-quarter results, banking on international travel demand to offset weakening ...

Marriott International’s loyalty programme, Marriott Bonvoy, announces it’s sponsoring Taylor Swift's Eras Tour.

Marriott offers Taylor Swift concert trips for 500,000 points

IF YOU have 500,000 points sitting around in a Marriott Bonvoy account, that’ll get you four or five nights at a luxury hotel-say, the Ritz-Carlton Nomad in New York City or the St Regis Maldives Vomm...

Marriott sees a full-year 2024 profit of between US$9.18 and US$9.52 per share, while analysts had expected US$9.69 per share.

Marriott’s 2024 profit forecast lags estimates as US demand moderates

HOTEL operator Marriott International forecast 2024 profit below Wall Street expectations on Tuesday (Feb 13), as room revenue in the United States normalises from its post-pandemic highs.

Marriott has benefited in the last few months from a recovery in international travel as consumers took advantage of a strong US dollar and flexible work arrangements to holiday overseas.

Marriott’s third-quarter profit rises on strong travel demand

MARRIOTT International reported a rise in quarterly profit on Thursday (Nov 2), as the US hotel operator benefited from higher room prices and resilient travel demand.

IOI Properties was the sole bidder for the Marina View site at a URA  tender that closed in September 2021.

IOI Properties said to have appointed Marriott for its hotel in Marina View

However, the brand for the new hotel has yet to be finalised

Marriott posts second-quarter revenue of US$6.08 billion, which beats analysts’ average estimate of US$5.99 billion.

Marriott raises profit forecast on strong travel demand

MARRIOTT International raised its full-year profit forecast on Tuesday (Aug 1), as the US hotel operator bets on higher room rates and resilient travel demand to boost its earnings.

Marriott International who have been grappling over the past year with an uneven recovery in Chinese demand are now benefiting from pent-up-demand throughout Asia Pacific, particularly in Greater China.

Marriott beats Wall Street estimates on China recovery

MARRIOTT International reported better-than-expected first-quarter results on Tuesday (May 2) as the US hotel operator benefited from a global rise in occupancy and room revenue led by domestic travel...

Marriott, which owns hotels like Sheraton, Westin and St Regis, expects adjusted profit per share of between US$6.51 and US$6.58 this year.

Marriott joins Hilton in lifting profit forecast on unabated travel demand

MARRIOTT International joined its rival Hilton in raising its annual profit forecast on Thursday (Nov 3), aided by higher pricing and a strong rebound in leisure and business travel even as recession ...