Marriott (MAR) Tops Q4 EPS by 10c, Revenues Miss; Offers Q1 EPS Guidance Above Consensus, Provides FY20 EPS Guidance Outlook

Greater China Revpar Fell Almost 90% in February: Marriott (MAR) CEO - Bloomberg

February 27, 2020 10:12 AM EST

Greater China Revpar Fell Almost 90% in February: Marriott (NASDAQ: MAR) CEO - Bloomberg

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SunTrust Reiterates Hold Rating on Marriott International (MAR) Following 4Q

February 27, 2020 7:30 AM EST

SunTrust analyst Patrick Scholes reiterated a Hold rating and $128.00 price target on Marriott International (NASDAQ: MAR) following the company's 4Q earnings report. Adjusted EBITDA of $901M was slightly below the consensus of $906M. Guidance was $896M-$913M. Adjusted Diluted EPS of $1.57 compares to a... More

U.S. airlines, hotels extend rebooking options as coronavirus spreads

February 25, 2020 6:49 PM EST

(This February 25 story corrects to say that Marriott has issued cancellation waiver until March 15 in paragraph 13)

By Tracy Rucinski and Brenda Goh

(Reuters) - U.S. airlines and hotels are extending options for customers to rebook travel to a growing list of countries, including Italy, as coronavirus cases spiked outside of China and sparked fears of a global pandemic.

The United States told Americans on Tuesday to begin preparing for the coronavirus to spread within the country as outbreaks in Iran, South Korea and Italy escalated, triggering concerns of a hit to global travel demand.

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Wall Street's sell-off deepens as coronavirus fears intensify

February 25, 2020 1:44 PM EST

By Sinéad Carew

NEW YORK (Reuters) - The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact.

Both averages recorded their biggest four-day percentage losses since the massive sell-off in December 2018, while U.S. 10-year Treasury yields hit a record low..

The S&P 500 lost $2.138 trillion in market capitalization over the last four sessions, according to S&P Dow Jones Indices analyst Howard Silverblatt.

Fears of a pandemic... More

Hotel stocks tick lower amid talk an Italian hotel is in lockdown after a customer tested positive for coronavirus

February 25, 2020 9:48 AM EST

Hotel stocks tick lower amid talk an Italian hotel is in lockdown after a customer tested positive for coronavirus:

Choice Hotels (NYSE: CHH)
Hyatt Hotels (NYSE: H)
Hilton Worldwide (NYSE: HLT)
Host Hotels & Resorts (NYSE: HST)
Marriott (NASDAQ: MAR)

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Take Five: 'Our currency, your problem' - all over again

February 24, 2020 5:13 AM EST

(Reuters) -

1/ KING DOLLAR

The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it's added 2.5% against six currency peers. Economic indicators are reinforcing the U.S growth engine's outperformance. The United States has the highest bond yields among developed nations and its companies keep beating earnings forecasts. It's relative resilience to coronavirus damage makes it today's safe-haven of choice.

President Donald Trump has been oddly silent on the... More