Marriott (MAR) earnings boosted by the lifting of Covid restrictions in China, raises FY profit guidance

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Go back to Marriott (MAR) earnings boosted by the lifting of Covid restrictions in China, raises FY profit guidance

MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2023 RESULTS AND RAISES FULL YEAR OUTLOOK

May 2, 2023 7:01 AM EDT

First quarter 2023 comparable systemwide constant dollar RevPAR increased 34.3 percent worldwide, 25.6 percent in the U.S. & Canada, and 63.1 percent in international markets, compared to the 2022 first quarter;  First quarter reported diluted EPS totaled $2.43, compared to reported diluted EPS of $1.14 in the year-ago quarter.  First quarter adjusted diluted EPS totaled $2.09, compared to first quarter 2022 adjusted diluted EPS of $1.25;First quarter... More

Marriott International Expands into Affordable Midscale Segment with Acquisition of the City Express Brand Portfolio

May 1, 2023 4:05 PM EDT

Transaction Makes Marriott International the Largest Hotel Company in the Caribbean and Latin America

BETHESDA, Md., May 1, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that it has completed its acquisition of the City Express brand... More