This Is Marriott’s Earnings Week to Lose
Skift Take
If Accor can go from billion-dollar losses to profitability in a matter of months, Marriott shareholders should expect plenty of financial gains and optimism on Tuesday's earnings call.
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.
The world’s largest hotel company is likely to beat its financial chest this week with boasts of profitability and growth.
Each of the three major hotel companies to report earnings last week posted a profit, an impressive feat considering Accor lost roughly $2 billion last year. Companies like Marriott, Hyatt, Choice Hotels, and MGM Resorts International are up this week — but Marriott will be a major indicator of how the broader hotel industry is performing given its 30 brands across a variety of price points.
Don’t expect any summer doldrums.
“The pent-up demand and the strength of the economy clearly shows that consumers love to travel and they love to come stay at our hotels,” Leeny Oberg, Marriott’s chief financial officer, told reporters last week at the Americas Lodging Investment Summit. “We thought the momentum in [the second quarter] was just really impressive.”
Oberg and other executives didn’t provide financial specifics in light of the quiet per
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