Expect Marriott to Tell This Growth Story This Week

The hotel industry’s first quarter earnings calls have been a financial albatross amid all the optimistic drum beating about the upcoming summer travel season. Revenues were still way down from pre-pandemic performance. Hyatt lost $304 million while Hilton lost $109 million. UK-based IHG and Paris-based Accor, neither required to post quarterly loss statements, noted ongoing European lockdowns severely hampered business. But the leaders of each of these companies focused more on what a cash cow the summer might be, given loosening travel restrictions and pent-up demand. Marriott, which reports its latest financial results Monday, will almost certainly do the same. But it’s also likely to point to several relatively new leisure-focused growth drivers. Resorts and Rentals: All-inclusive resorts and vacation rentals are almost guaranteed to be a key part of Monday’s investor call. Marriott added 19 all-inclusive resorts to its portfolio earlier this year, and the company’s