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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Max Knoblauch19h

Texas sues Netflix, accusing streamer of spying on children and collecting user data without consent

The state of Texas filed a lawsuit Monday against streaming giant Netflix, alleging that the company has built a “behavioral-surveillance program of staggering scale.”

The suit alleges that Netflix is “deceptively designed” to be addictive, using features like autoplay to get viewers hooked, “mining those users for data, and then converting that data into lucrative intelligence for global advertising juggernauts.”

“When you watch Netflix, Netflix watches you,” the lawsuit reads.

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attorney General Ken Paxton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

Netflix did not immediately respond to a request for comment.

Hyunsoo Rim

ace in the hole

5/11/26

Dunkin’ is going public again — this time with an entire restaurant empire in tow

The doughnut chain’s parent company filed for an IPO last week.

100th 6abc Dunkin' Donuts Thanksgiving Day Parade

Max Knoblauch

5/8/26

Higher prices, lower sales: Video game giants forecast the impact of the memory crunch

Video game console makers addressed the memory pricing surge this quarter.

Sony DualSense For PlayStation 5 In Starlight Blue Color.

Claire Yubin Oh

bird was the word

5/8/26

Duolingo’s business was supposed to soar with AI — now it’s getting its wings clipped

The language-learning app’s shares have plunged almost 80% in the past year.

Max Knoblauch5/7/26

Used car prices dip in April but remain at 2023 levels as gas prices surge

Used car prices ticked down in April, the first drop in 2026, according to fresh data from Cox Automotive.

Cox’s Manheim Used Vehicle Value Index, which tracks wholesale prices, dipped 1.6% in April from March, but remains around highs not seen since 2023 as shoppers react to surging gas prices.

“Affordability remains front and center, and that’s driving some increased demand for older vehicles... as well as changing the calculus for consumers shopping for EVs,” said Cox’s chief economist, Jeremy Robb.

As reported in March, used car retailers including CarMax have told Sherwood News that gas prices are driving more shoppers to look toward EVs. Cox’s EV index is up 7.2% from April 2025, compared to a 1.1% hike for its non-EV index.

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