Marriott is making a push towards the high end of the market when consumer spend looks to be slowing. But the hotel operator has some tailwinds at its back.
Context and transparency are key aspects to consider at Marriott.
Does the MAR have too many brands? 'Absolutely not,' says CEO Sorenson.
Marriott is making moves to cash in on key travel trends.
A better buying opportunity could develop later in the second quarter.
Marriott is making many investors more comfortable with a new growth model that proposes aggressive expansion and sizable shareholder returns.
Activist investor Land & Buildings Investment Management is seeking a seat on Marriott's board, saying the hotel chain has too many brands and needs to cull some.
U.S. retail sales excluding autos slipped by 0.1% in February, Bank of America says in a report that cited the bank's own credit- and debit-card spending data. The decline was partly caused by delays in tax refunds, which hit low-income households especially hard.
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