Why Marriott International Stock Surged 11% in November
Shares of Marriott International (NASDAQ:MAR) gained 10.9% last month, according to data provided by S&P Global Market Intelligence.
Marriott has been a best-of-breed hotel operator, and the results for the third quarter, released in early November, validated investors' confidence. Despite missing earnings estimates, Marriott showed much better growth than its peers in revenue per available room (RevPAR), and management issued a positive outlook, helping send the shares higher.
Image source: Marriott International.
For the third quarter, RevPAR increased 1.5% worldwide, while North America R ...