1 Reply Latest reply: Aug 1, 2013 12:09 PM by erc RSS

Marriott Lowers Earnings Forecast

erc Platinum
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Marriott Cuts Its Earnings Forecast as Demand Weakens Abroad (1) - Businessweek

 

Arne Sorenson is on CNBC in a few minutes, we'll see how it goes.

(For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: Marriott Lowers Earnings Forecast
    erc Platinum
    Currently Being Moderated

    Short term group travel down, and Washington DC market remaining soft.

    Individual business travel and leisure travel  "remains strong".

    Growth in new management contracts, especially abroad very impressive.

    The aggressive stock repurchase program (due to healthy cash flow) remains effective (and it is ) and will continue, especially at current valued price.

     

    Summary:  Performance in future not as strong as initially hoped for, but still impressive. The macro factors (strengthening economy - vs. prior, and very successful mgmt. contract performance) remain positive, same property growth continues (industry leaders in revpar).  As posted in this forum, great deals in DC,  so come on down.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

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