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Marriott shares slump as its record 2024 room growth doesn’t look like it’ll hold

Despite an earnings beat and a room count record in 2024, Marriott shares are down more than 5% today.

For 2025, the hotel is forecasting net room growth to come in lower than the 6.8% it saw last year (more than 123,000 rooms). Marriott’s expecting growth of around 4% to 5% this year.

Marriott operates more than 9,300 properties globally. Its loyalty program, Bonvoy, added about 31 million new members last year, growing to 228 million.

Like other major travel players, including Delta Air Lines, Marriott’s co-branded credit cards (chiefly with Chase and American Express) have turned into a big revenue driver: the chain said spending on its 33 cards saw a strong boost last year and the fees it charges banks rose 10%. This year, it anticipates slightly less.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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