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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Marriott International, Inc.    MAR

MARRIOTT INTERNATIONAL, INC.

(MAR)
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Marriott picks veteran Capuano to steer it out of COVID-19 crisis

02/23/2021 | 09:38am EST
A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York

(Reuters) - Marriott International Inc on Tuesday named Tony Capuano as its chief executive officer, tasking the 25-year veteran of the world's largest hotel chain with charting a path out of the industry's worst crisis.

Capuano succeeds Arne Sorenson, who died last week after a battle with pancreatic cancer and during whose tenure Marriott struck a $12.2 billion deal to buy Starwood Hotels & Resorts Worldwide Inc.

Capuano, who most recently headed the company's U.S. and Canada lodging business, takes the reins at a time when the COVID-19 pandemic has decimated travel demand, pushing Marriott to its first full-year loss in more than a decade.

While hotel occupancy rates have recovered from the lows hit last year, the emergence of new variants of the coronavirus has cast a shadow on the recovery of the hospitality industry.

Analysts expect a wider rollout of COVID-19 vaccines later this year to first aid a rebound in leisure travel, leaving business travel-reliant hotel chains including Marriott and smaller rival Hilton Worldwide struggling for longer.

Marriott also named Stephanie Linnartz, group president, consumer operations, as its president.

"Tony has a deep appreciation for Marriott's thousands of associates who ultimately deliver on our customer and brand promise and I know he will be a superb steward of our culture," Executive Chairman JW Marriott, Jr said in a statement.

(Reporting by Shreyasee Raj; Editing by Shounak Dasgupta, Anil D'Silva and Aditya Soni)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HILTON WORLDWIDE HOLDINGS INC. 0.57% 123.68 Delayed Quote.11.16%
HILTON WORLDWIDE HOLDINGS INC. 1.26% 39.51 Delayed Quote.26.03%
JW HOLDINGS CORPORATION -1.52% 4850 End-of-day quote.-16.81%
MARRIOTT INTERNATIONAL, INC. -1.35% 148.07 Delayed Quote.12.24%
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Financials (USD)
Sales 2021 13 123 M - -
Net income 2021 620 M - -
Net Debt 2021 9 234 M - -
P/E ratio 2021 81,3x
Yield 2021 0,11%
Capitalization 48 036 M 48 036 M -
EV / Sales 2021 4,36x
EV / Sales 2022 3,14x
Nbr of Employees 121 000
Free-Float 83,4%
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Technical analysis trends MARRIOTT INTERNATIONAL, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 134,67 $
Last Close Price 148,07 $
Spread / Highest target 8,06%
Spread / Average Target -9,05%
Spread / Lowest Target -21,7%
EPS Revisions
Managers and Directors
NameTitle
Anthony G. Capuano Co-Chief Executive Officer
Stephanie C. Linnartz Co-Chief Executive Officer
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
John Willard Marriott Executive Chairman
James H. Scholefield Chief Information & Digital Officer
Sector and Competitors