Marriott Expects a Stronger Future
Hotel companies thrive on travel demand, and Marriott International (NASDAQ: MAR) has seen substantial growth in the wake of its merger with Starwood Hotels & Resorts late last year. Yet with several online travel platforms having reported sluggish growth figures in recent months, some had feared that industry weakness might spread to Marriott's portfolio of properties.
Coming into Tuesday afternoon's third-quarter financial report, Marriott investors were hoping the hotel company would keep up the positive momentum from recent quarters. The company did even better on many fronts, not only overcoming the disruptions caused by major hurricanes in key markets but also seeing net gains by serving the many first responders and other visitors working to help people who were adversely affected by the storms. Let's look more closely at Marriott to see what it expects in the near future.
Image source: Marriott.
Source: Fool.com
Marriott International Inc. Stock
Currently there is a rather positive sentiment for Marriott International Inc. with 5 Buy predictions and 0 Sell predictions.
However, we have a potential of -1.72% for Marriott International Inc. as the target price of 228 € is below the current price of 232.0 €.
