Marriott International is bouncing back from its pandemic lows, increasing by 16% this month. The company is one of the major companies that capitalise on the recovery of the global travel industry.
The pandemic has left a dent in the travel industry and adjacent services. Yet, as the global economy recovers, restaurants, hotels, and airlines are bouncing back. One such case is Marriott International, which has increased 16% this month.
Let’s discuss the positive tailwind for the industry growth and what you should expect in the coming months.
How & Where to Buy Marriott International Stock Online
Marriott International is a major company listed on Nasdaq (MAR). You can invest in the recovering travel industry by opening an online brokerage account. Our recommended online brokers are:
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What Is Marriott International?
Marriott International has deep roots in the travel industry. It operates and licenses numerous properties, including hotels, and is owned in a proportion of 88% by the Marriott family. Marriott is the largest hotel chain in the world by the number of rooms, present in over 130 countries.
Should I Buy Marriott International Today?
If you want to benefit from the recovery of the travel industry, investing in such a major company as Marriott International would offer you significant exposure to it. Many analysts are currently bullish on this stock as the hotel chain keeps adding rooms, aiming to extend its market share amid economic and industry recovery.
Marriott International increased by 16% this month. The major upside that led to this impressive growth is governments easing travel restrictions around the world. Even a few months ago, in August, Marriott managed to beat market expectations, registering a revenue increase of 114% YoY, but about 40% lower compared to pre-pandemic levels, signalling further potential.
Marriott International Price Prediction 2021
Since 2018, the $150 price level has been acting as a strong technical resistance level. As of this writing, the company seems to have broken above it, settling at $155.44. The highest forecast for the next 12 months is $178.