{
}
Saudi Arabia's tourism sector is booming, welcoming 30 million international visitors in 2024, a 9.5% increase from the previous year, and contributing $131.9 billion to the GDP, or 12.45%. Inbound spending reached a record $40.95 billion, driven by a shift towards leisure and cultural travel, while private sector investments surged to $3.8 billion, reflecting global confidence in the Kingdom's Vision 2030. To support this growth, the country is rapidly expanding its infrastructure, with over 426,000 licensed hotel rooms and increased presence from major international hospitality brands.
Daiwa Securities Group Inc. increased its stake in Xenia Hotels & Resorts, owning 33,728 shares valued at $498,000. Analysts have mixed views, with KeyCorp lowering its price target to $16.00, while the stock currently holds a "Moderate Buy" rating and has a market cap of $1.26 billion. Xenia reported a quarterly EPS of $0.39, surpassing estimates, with revenue up 3.3% year-over-year.
Insiders own 12.32% of Marriott International, while institutional investors hold 70.70% of the stock. Recent activity includes Empowered Funds LLC increasing its stake by 4.8%, and Prospera Financial Services Inc boosting its holdings by 151.8%. Analysts have mixed ratings, with a consensus "Hold" and a price target averaging $286.05, despite recent insider sales totaling over $8.9 million.
Xenia Hotels & Resorts reported a net margin of 2.37% and a return on equity of 1.86%, with a 3.3% year-over-year revenue increase. The company announced a quarterly dividend increase to $0.14, with a payout ratio of 373.33%. Analysts project an EPS of 1.46 for the current fiscal year, while the stock holds a "Moderate Buy" rating with a price target of $17.38.
Sound Income Strategies LLC now holds 107 shares of Marriott International valued at $30,000 after acquiring 89 additional shares last quarter. Silvant Capital Management and Darwin Wealth Management also made new investments in Marriott, valued at $31,000 and $33,000, respectively. Institutional investors own 70.70% of the company, which has a current "Hold" rating from analysts, with a consensus price target of $282.90.
UBS has downgraded its EBITDA outlook for Park Hotels & Resorts (PK) by 3-4% for fiscal year 2025, citing challenges in Hawaii and New York City. Hawaii, which contributes 32% to PK's EBITDA, is struggling to recover, while rising labor costs in NYC could further strain profitability. Despite these issues, PK offers a strong dividend yield of 10.38% and is investing over $200 million in property renovations.
UBS Global Research has upgraded Amadeus to a "buy" rating, raising its 12-month price target to €80, citing improved business outlook and growth potential. The upgrade is driven by the normalization of disintermediation rates and Amadeus's successful adaptation in the evolving distribution landscape.The company is expected to benefit from growth in its Air IT and Hospitality segments, with double-digit revenue growth anticipated. Despite challenges in indirect distribution channels, Amadeus's competitive positioning and potential for shareholder returns through buybacks bolster investor confidence.
UBS Global Research has upgraded Amadeus to a "buy" rating, raising its 12-month price target to €80 from €67, citing improved business outlook and growth potential. The upgrade is driven by the normalization of disintermediation rates and Amadeus's successful adaptation in the evolving distribution landscape.The company is expected to benefit from growth in its Air IT and Hospitality segments, with double-digit revenue growth anticipated. Despite challenges in indirect distribution channels, Amadeus's competitive positioning and potential for shareholder returns through buybacks bolster investor confidence.
Adobe has partnered with Amazon Web Services to enhance AI-driven customer experiences, integrating its Experience Platform into AWS. This collaboration allows enterprises to leverage customer data stored in AWS for real-time personalization, significantly reducing complexity and latency in data management. Major brands like Coca-Cola and Marriott are among the early adopters, with the full solution expected to be available in 2025.
Marriott International's CEO Anthony Capuano reported solid business performance despite recent layoffs of over 800 corporate employees, attributing growth to a strong return of group travel and record hotel signings in China. The company anticipates continued recovery in domestic tourism and inbound travel, with a focus on decentralized decision-making to enhance efficiency. Marriott's loyalty program has expanded to 219 million members, and the company plans to open more hotels in Japan, including a new Four Points Flex by Sheraton.
Marriott International, Inc.
Companies
| Symbol | MAR |
| Name | Marriott International, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Consumer Services |
| Industry | Hotels, Restaurants & Leisure |
| Market | NASDAQ Global Select |
| Country | United States |
| State | MD |
| City | Bethesda |
| Zipcode | 20817 |
| Website | http://www.marriott.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Saudi Arabia's tourism sector experiences record growth and global investment surge
10:36 03.04.2025
xenia hotels and resorts sees price target cut by keycorp analysts
Hyatt Hotels Corporation
Xenia Hotels & Resorts, Inc.
Marriott International, Inc.
Daiwa Securities Group Inc.
Loews Corporation
USA
Show more
14:19 25.03.2025
marriott international sees significant institutional investment and insider stock sales
13:26 22.03.2025
Xenia Hotels and Resorts announces dividend increase and financial performance update
08:35 21.03.2025
marriott international sees increased institutional investment and analyst price target adjustments
18:33 13.02.2025
ubs downgrades park hotels outlook amid hawaii and new york challenges
United States Dollar
Park Hotels & Resorts Inc.
Hilton Worldwide Holdings Inc.
Marriott International, Inc.
Host Hotels & Resorts, Inc.
USA
Chris Woronka
Show more
16:41 03.02.2025
ubs upgrades amadeus to buy citing growth potential and market stability
14:08 10.01.2025
ubs upgrades amadeus to buy citing growth potential and market stability
14:08 10.01.2025
Adobe partners with AWS to enhance AI-driven customer experiences
United States Dollar
The Coca-Cola Company
Marriott International, Inc.
DICK'S Sporting Goods, Inc.
USA
Anjul Bhambhri
Show more
15:00 09.12.2024
marriott reports solid growth amid corporate layoffs and china tourism challenges
United States Dollar
Starbucks Corporation
Uber
Marriott International, Inc.
USA
CHN
JPN
Leeny Oberg
Anthony Capuano
Show more
00:27 21.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Financial Scams and Security
Market Analysis and Predictions
Banking Regulations
Hedge Funds & Private Equity
AI Innovations
Central Bank Actions
Global Trade Developments
Industry Mergers & Acquisitions
Government Policies
Workplace Trends
Supply Chain Management
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
Wells Fargo & Company
Barclays PLC
Apple Inc.
Bank of America Corporation
The Goldman Sachs Group, Inc.
NatWest Group plc
NVIDIA Corporation
JPMorgan Chase & Co.
Lloyds Banking Group plc
HSBC Holdings plc
Mastercard Inc
Visa Inc.
Santander UK plc
Citigroup Inc.
Morgan Stanley
Nintendo Co., Ltd.
Berkshire Hathaway Inc.
Rolls-Royce Holdings plc
Mercedes-Benz Group AG
Currencies:
United States Dollar
Chinese Yuan
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indonesian Rupiah
Indian Rupee
United Arab Emirates Dirham
Offshore Chinese Yuan
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
Saudi Riyal
People: