Stock is volatile
Marriott International (MAR) stock has had a volatile year so far, which was expected with the acquisition of Starwood Hotels & Resorts Worldwide (HOT). The merger was one of the biggest deals in the hotel industry and created the world’s largest hotel chain.
MAR stock rose 6.2% in 1Q16, fell 6.6% in 2Q16, and rose 1.3% in 3Q16.
Hilton Worldwide Holdings (HLT) stock has risen 1.8% in the same period. Hyatt Hotels (H) has remained flat at 0.16%. InterContinental Hotels Group (IHG) rose nearly 11.0%, while Wyndham Worldwide (WYN) fell 5.5%.
Year-to-date (or YTD), Marriott stock has risen about 0.44%. By contrast, stable growth in earnings has led to a 4.0% rise in Hilton stock, and Hyatt stock has risen 5.0% YTD. IHG, on the other hand, has fallen 17.0% YTD, and Wyndham has fallen 10.0%.
The broader market, tracked by the S&P 500 ETF (SPY), rose 2.5% in the same period.
In this series, we’ll assess Marriott’s performance across key metrics. We’ll also look at analysts’ estimates for the company’s 3Q16 performance. Finally, we’ll wrap up the series by looking at Marriott’s valuation multiple. Marriott will report its 3Q16 earnings on November 7, 2016.