Marriot International
About: Marriott operates 1.7 million rooms across roughly 30 brands. At the end of 2023, luxury represented roughly 10% of total rooms, premium 42%, select service was 46%, midscale 1%, and other 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 97% of total rooms as of Dec. 31, 2023. North America makes up 63% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
Employees: 411,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more call options, than puts
Call options by funds: $635M | Put options by funds: $528M
0% less funds holding
Funds holding: 1,361 [Q2] → 1,356 (-5) [Q3]
4% less first-time investments, than exits
New positions opened: 124 | Existing positions closed: 129
4% less capital invested
Capital invested by funds: $41.3B [Q2] → $39.4B (-$1.84B) [Q3]
3.29% less ownership
Funds ownership: 59.77% [Q2] → 56.48% (-3.29%) [Q3]
15% less funds holding in top 10
Funds holding in top 10: 13 [Q2] → 11 (-2) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 422 | Existing positions reduced: 526
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
TD Cowen Kevin Kopelman 91% 1-year accuracy 10 / 11 met price target | 2%upside $283 | Buy Maintained | 5 Nov 2024 |
Bernstein Richard Clarke 50% 1-year accuracy 1 / 2 met price target | 4%upside $290 | Outperform Maintained | 5 Nov 2024 |
Mizuho Ben Chaiken 65% 1-year accuracy 36 / 55 met price target | 12%downside $246 | Neutral Maintained | 5 Nov 2024 |
BMO Capital Ari Klein 63% 1-year accuracy 5 / 8 met price target | 5%downside $265 | Market Perform Maintained | 5 Nov 2024 |
Macquarie Chad Beynon 74% 1-year accuracy 28 / 38 met price target | 12%downside $245 | Neutral Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 32 articles about MAR published over the past 30 days
