Mike Vinokur, CFA, CMT, and CFPMarriott International Inc.MARWEAK BUYJan 07, 2025

Was upgraded today. In the economy, the wealthier consumer is hanging in. AI will continue to benefit higher-end consumers. Marriott is asset-lite and is a permanent compounder. Has owned this for 10 years.

It reports Tuesday. Often when it reports, shares go down, even on a good report. And usually it's a buying opportunity, but wait until the day after the report. 

Trades at a high 30x PE and is 3 points off its high, but the travel thesis is so strong, you can buy some now and more on weakness later.

Has owned this for a long time and sees more upside. Trades at a high 24x PE and 14% 2025 earnings growth. But it's an asset-lite cash cow with growth.

Just sold it though they have a great business model and travel remains strong, but they lag their peers. He held this for a long time and decided to take profits.

He'd rather own businesses hurt during pandemic, but are better today. Cruising business is tough. He'd rather own a BKNG, ABNB, MAR or HLT.

It reports Wednesday. He expects yet another upside surprise given our travel-oriented society

He missed this unfortunately. They benefited from the reopening with consumers traveling strong. Sold it way too early in 2021.

Up 31% YTD. Cross-border travel is a tailwind, 35% of revenue coming overseas. He expects rev-par growth of 16%. He expects a strong quarter.

Cross-border travelling is keeping back and so is business travelling. Marriott has strong liquidity.

Was down today, but MAR will do well, because travel is doing well. Stay long this.