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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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

EBay Falls After Giving Weak Profit Outlook for Holiday Period

However, concerns about the future somewhat overshadowed these results.

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