Marriott International Reports Second Quarter 2019 Results
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Marriott (MAR) Reports In-Line Q2 EPS, Revenues Miss; Offers Q3 & FY19 EPS Below Consensus
August 5, 2019 4:44 PM EDTMarriott (NASDAQ: MAR) reported Q2 EPS of $1.56, in-line with the analyst estimate of $1.56. Revenue for the quarter came in at $5.31 billion versus the consensus estimate of $5.5 billion.
Arne M. Sorenson, president and chief executive officer of Marriott International, said, "Worldwide RevPAR increased 1.2 percent in the second quarter with higher leisure transient demand in Europe, the Caribbean and South America, and the Asia Pacific regions. Showing great momentum, our worldwide RevPAR index increased 110 basis points in the quarter, the strongest single quarter performance since our acquisition of Starwood in late 2016.
"Our... More
