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home / news releases / MAR - Marriott International: RevPAR Growth Seeing Normalization

MAR - Marriott International: RevPAR Growth Seeing Normalization

Marriott International

2024-02-16 17:42:47 ET

Summary

  • Marriott International's stock price has risen to $237.88, exceeding my prior target of $210.
  • Modest growth in RevPAR and a decline in the Ritz-Carlton's average daily rate indicate a plateau in demand for higher-priced brands.
  • I rate Marriott International as a hold in the short to medium term.

Investment Thesis

I rate Marriott International as a hold at this time and will be watching RevPAR growth in China as well as overall RevPAR growth heading into the summer months to determine if an upside is possible for the stock once again....

For further details see:

Marriott International: RevPAR Growth Seeing Normalization
Stock Information
Company Name: Marriott International
Stock Symbol: MAR
Market: NASDAQ
Website: marriott.com
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