Marriott’s New Milestones in the Caribbean and Latin America
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In 2024, Marriott International expanded in Caribbean and Latin America, adding 30 properties, 8,000 rooms, and growing its pipeline to 27,817 rooms.
The DJIA was up 223 points on Friday while Nasdaq gained back 127, the S&P 500 was up 32 points and the 10-year treasury yield was up .03 to 4.32%. Lodging stocks were higher led by a 5% gain by AHT.
Truist Securities upped their price target for Hilton Grand Vacations to $63 from $51, post earnings. They also upped their target on Travel + Leisure to $72 from $61 but lowered Marriott Vacations target price to $140 from $142.
In 2024, Marriott International, Inc. achieved significant milestones in the Caribbean and Latin America region, recording its highest-ever number of rooms signings and adding numerous properties to its portfolio. The company signed 67 agreements, representing around 8,000 rooms, and opened 30 new properties, expanding its CALA presence to 528 properties across 37 countries and territories by year’s end. Approximately 32% of these signings were conversion, involving 36 properties and nearly 2,600 rooms. The company’s CALA pipeline a
