Marriott: U.S. Market Is Cooling Amid Global Hotel Boom [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
But analysts spent the earnings call focused on travel booking behavior in the U.S., where post-pandemic domestic demand may be cooling. “We now expect higher year-over-year RevPAR [revenue per available room] growth in Asia Pacific, Europe and the Middle East, the Caribbean, and Latin America, and lower levels of RevPAR growth in the U.S., Canada, and Greater China,” said Leeny Oberg, chief financial officer. The hotel operator raised its forecast for full-year EBITDA by 1.6% to $4.88 billion U.S. Domestic Vacation Demand Normalizing Analysts grilled Marriott executives about what they were seeing in U.S. demand patterns. Some highlights: “We're seeing a little more normalization in the U.S. and Canada, specifically on leisure,” said Anthony Capuano, president and CEO. Hotel-level profits at the U.S. properties Marriott manages were sluggish. In the first quarter, U.S. and Canadian hotels saw their RevPAR rise only 1.5% year-over-year. The overall picture remained diffi
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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