Marriott provides downbeat RevPAR outlook, sets new $1.5 billion revolver; stock rallies [MarketWatch]
Marriott International - Class A (MAR)
Last marriott international - class a earnings: 2/26 04:30 pm
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Source: MarketWatch
Shares of Marriott International Inc. hiked up 4.6% in premarket trading Tuesday, after the hotel operator provided a downbeat first-quarter outlook as a result of the COVID-19 pandemic, but also announced a new $1.5 billion revolving credit facility and a leverage covenant waiver for its existing credit facility. The company said after a "solid" start to the first quarter, with global revenue per available room (RevPAR) down 0.3% for the first two months of the year (up 3.2% excluding Asia/Pacific), it now expects first-quarter RevPAR to be down 23%, given the "significant impact" COVID-19 has had on the travel industry. "The company anticipates further hotel closures and erosion in RevPAR performance and does not expect to see a material improvement until there is a view that the spread of COVID-19 has moderated and governments have lifted restrictions," the company said in a statement. The company said occupancy levels are around 10% in North America, where more than 870 (16%) of h
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MAR
News
- Marriott Cools on U.S. Outlook [Yahoo! Finance Canada]Yahoo! Finance Canada
- In Cranbrook, B.C., the Ktunaxa Nation is transforming past pain into a prosperous future [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Marriott International (NASDAQ:MAR) had its price target raised by analysts at Truist Financial Corporation from $278.00 to $283.00. They now have a "hold" rating on the stock.MarketBeat
- A Look Back at Travel and Vacation Providers Stocks' Q3 Earnings: Marriott (NASDAQ:MAR) Vs The Rest Of The Pack [Yahoo! Finance Canada]Yahoo! Finance Canada
- Design Hotels Boosts Growth in Asia Pacific with Fourteen Landmark Signings [Yahoo! Finance]Yahoo! Finance
MAR
Earnings
- 11/4/25 - Beat
MAR
Sec Filings
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- MAR's page on the SEC website