The Baird/STR Hotel Stock Index rose 6.8% in February to 4,684. Year to date through the first two months of 2019, the index was up 15.1%.
Growth Model Shows $9.5 to $11 Billion Could be Returned to Shareholders
Marriott International reported relatively sluggish Q4 revenue growth in North America, with CEO Arne Sorenson citing group commission cuts as a contributing factor.
Fourth quarter reported diluted EPS totaled $0.92, compared to $0.31 in the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $1.44, a 32 percent increase over fourth quarter 2017 adjusted results
Beats AFFO Guidance, Introduces 2019 Guidance
Comparable RevPAR: 3.7% increase for the 20-hotel portfolio over the same period in 2017.
EBITDA up 14.5% to 712 million (+8.0% L/L) – Recurring free cash flow of 529 million – Net profit, Group share of 2,233 million – 588 hotels and 100,000 rooms developed
Transaction volume expected to moderate by 10 percent in 2019 as real estate market performance fundamentals diverge.
Net sales rose by 23.5% to 18,007 MSEK (14,582). Excluding the acquisition of Restel and currency effects, net sales increased by 6.0%. For comparable units, net sales went up 1.2%.
FY Comparable RevPAR: Americas = 1.9% (US: FY = 1.3%; Q4 = 0.6%); EMEAA = 2.7%, Greater China = 6.9%.