Marriott International 'A'

Marriott reported a marked improvement in the Middle East with RevPAR down 12% year-on-year in July versus a 43% decline in Q2, while global room revenue rose 7% and U.S./Canada revenue climbed 8%. The Middle East accounts for about 3% of fees but 6% of the development pipeline, so prolonged conflict, supply-chain bottlenecks and financing disruptions could delay new openings and pressure net unit growth. Management now expects full-year net unit growth toward the lower end of its target. Renewed geopolitical escalation remains the main downside risk to the regional rebound and wider travel demand. » Más en finance.yahoo.com

Marriott reports continued robust demand with global RevPAR growth of 3.4% in Q2 and 7% in July, driven by gains across all brands and regions. Due to project delays in the Middle East, the company expects net hotel unit growth for 2026 at the lower end of the range. Management emphasizes measures to improve hotel profitability for owners, cost reductions and incentives, and extensive modernizations in reservations, property management and loyalty — including AI deployment to boost revenue and margins. » Más en de.investing.com

Marriott International issued bonds totalling $250m (series NN, coupon 4.875%, maturity 15 May 2029) and $1bn (series YY, coupon 5.650%, maturity 15 September 2036). Net proceeds amount to about $1.233bn and total debt rises to around $17.77bn (debt ratio 16%); proceeds are to be used for general corporate purposes. The company most recently closed the second quarter with adjusted earnings of $3.19 per share, beating expectations, but slightly missed revenue and raised its full-year guidance. » Más en de.investing.com