Marriott (MAR) earnings boosted by the lifting of Covid restrictions in China, raises FY profit guidance
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MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2023 RESULTS AND RAISES FULL YEAR OUTLOOK
May 2, 2023 7:01 AM EDTFirst 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 EDTTransaction 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
