Marriott (MAR) Tops Q2 EPS by 24c

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Go back to Marriott (MAR) Tops Q2 EPS by 24c

Marriott (MAR) Tops Earnings Estimates, Benefits From Strong Travel Demand

August 2, 2022 3:58 PM EDT

Marriott (NASDAQ: MAR) topped analyst estimates when it reported second-quarter earnings before the bell Tuesday, benefitting from occupancy levels and higher rates as demand rises and longer hotel stays.

Marriott posted earnings of $1.80 per share, $0.24 better than the analyst estimate of $1.56, with revenue coming in at $5.34 billion versus the consensus estimate of $4.83 billion.

With Covid travel restrictions mostly now in the past, travel demand has... More