NexGen Hotels, a leading hotel development and management company, has significantly expanded its portfolio with the acquisition of the 120-key Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest in Tamarac, Florida. This strategic move strengthens NexGen’s presence in the Florida market and highlights its continued growth in the hospitality industry.
Marriott International (MAR) reported third-quarter earnings that fell short of analyst expectations, with adjusted EPS coming in below the consensus estimate. The company also issued FY24 adjusted EPS guidance that was lower than anticipated. Despite this, Marriott highlighted strong net room and fee growth, active development, and a 3% rise in global RevPAR. Analysts reacted to the earnings announcement by adjusting their price targets, with some maintaining their ratings while others raised their price targets.
Marriott International (MAR) shares dropped on Monday after disappointing third-quarter earnings. However, the stock seems to have found support at a key price level, illustrating the concept of ‘market memory.’ This technical analysis explains how a previous resistance level can transform into a support level, potentially indicating a rebound for Marriott stock.
CNBC’s ‘Halftime Report Final Trades’ featured insights on Marriott International, Sprott Uranium Miners ETF, Vistra Corp., and Taiwan Semiconductor Manufacturing. Analysts weighed in on these companies, predicting potential gains and highlighting key news developments.
Marriott is offering a 20% discount on its ‘Escapes’ program for hotel stays between October 28 and November 17, making it the perfect time to explore new destinations at affordable prices. The promotion, previously available only in the Americas, has now expanded to include destinations across Europe, the Middle East, Africa, and Asia-Pacific, providing travelers with a wider range of exciting travel opportunities. Act fast, as the booking window closes soon!
Marriott International is taking a significant step towards sustainable event planning with its new ‘Connect Responsibly’ program. This initiative provides event organizers with comprehensive Meeting Impact Reports, allowing them to measure and mitigate the environmental footprint of their gatherings. Marriott is also partnering with South Pole to offer carbon offsetting options, empowering clients to contribute to climate action.
Marriott International has made its grand entrance into Luxembourg, opening its first hotel in the country. The new property, conveniently connected to the airport terminal via an indoor walkway, offers 129 modern rooms, a vibrant bar, and an inviting open-air terrace. This is just the beginning of Marriott’s expansion in Luxembourg, as the company is set to open a second hotel later this year.
Marriott International is establishing its first global capability center (GCC) in Hyderabad, India, known as the Marriott Tech Accelerator. This strategic move aims to strengthen Marriott’s technological infrastructure, enhance its engineering capabilities, and drive innovation across its global operations. The hub will focus on advanced data analytics, automation, and AI-driven solutions, ensuring a unified technological framework for exceptional guest experiences.
Three Marriott Group hotels in Dubai have achieved Gold certification from the Green Globe Certification program, showcasing their commitment to responsible tourism practices. These certifications highlight the growing importance of sustainability in the travel industry and the increasing expectations of travelers for eco-friendly experiences. The hotels’ achievements reflect their dedication to environmental responsibility, contributing to a broader global movement toward sustainable travel.
Marriott International is expanding its trendy Moxy hotel brand across Europe, aiming to attract young travelers with its vibrant design, social atmosphere, and tech-forward amenities. This expansion will see 17 new Moxy hotels open in various cities by the end of 2025, including its first properties in Spain and Turkey.
