Probably a brief discussion on quarterly earnings, but once again could provide insights into the future.
Hotel and resort operator Marriott International reported third-quarter results today after the markets closed, showing that it posted net revenues of $3.16 billion, a robust 15.8% increase from the $2.73 billion in the same period in the previous year, and well ahead of the $3.04 billion Capital IQ consensus estimate.
Net income came in at $160 million, or $0.52 per share, up 12% from $143 million, or $0.44 per share, in the same period in 2012, and $0.08 per share better than the CapIQ estimates of $0.44 per share.
Marriott benefited from an extra eight days in the quarter resulting from a shift in its fiscal year that saw Q3 2013 have 92 days compared to 84 days in the year-ago quarter. RevPar, however, is measured on a calendar quarter basis for comparability and was up 5.5% with average daily rate up 4.4%.
Revpar = Revenue per available room - as you can see, in spite of long time elite departures, Marriott like Ol' Man River, just keeps rolling on. Stock price down yesterday, but more as a result of profit taking, "buy on the rumor (of good earnings), sell on the news", it's near its 52 week high.
As we discussed in February, http://www.rewards-insiders.marriott.com/message/72958#72958 , long time Marriott loyalists are the tail of the dog as it relates to leverage, so we need to just buck up, trade ideas among ourselves for enhancing travel and of course, "Protect yourself at all times".
Congrats to tef6178 and his beloved Red Sox for getting to celebrate in their home field for the first time since 1918. Certainly the Curse of the Babe is dead (3 World Series victories since 2004). Now, how about the sports gods ending The Billy Goat curse and The Curse O Les Boulez? (no complaining jerrycoin, pluto77, ssindc and I would have gladly traded places with you this year .
And one final note: take a look at the future Marriott Hotels reimagines travel with augmented reality - Mobile Marketer - Software and technology oh my