Marriott lifts profit forecast on international travel demand [Yahoo! Finance Canada]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance Canada
International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Middle Eastern destinations. "Our results in the first quarter highlight the resiliency of our asset-light business model and the strength of our brands," said CEO Anthony Capuano. Shares of the company were down 1.4% in premarket trading. Marriott's results were boosted by 11% growth in room revenue in international markets, led by nearly 17% year-over-year growth in Asia Pacific excluding China. ADVERTISEMENT Global room revenue - an important metric in the hospitality industry - rose by more than 4% as strong international growth was offset by an increase of only 1.5% in North America. Quarterly revenue rose by 6% from a year earlier to $5.98 billion. The Maryland-based company raised its 2024 adjusted profit forecast to a range of $9.31 to $9.65 per share, compared to a previous range of $9.18 to $9.52 per share. It reported an a
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MGM
Earnings
- 5/1/24 - Beat
MGM
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- MGM's page on the SEC website