The hotel company added 86,000 rooms in 2021, sending total rooms up almost 4% from the end of 2020. Marriott hasn't given up on its expansion plans. Revenue per available room soared 124.5% year over year, although it was down 19% from comparable figures from the fourth quarter of 2019 before the pandemic began.
Earnings of $1.42 per share largely satisfied investors and capped a strong 2021 for the hotel chain.
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You’re reading a free stock page from The Motley Fool’s Premium Investing Services. Total revenue more than doubled to $4.45 billion, with net income of $468 million reversing a year-earlier loss. Nvidia (NASDAQ: NVDA) 120.76 (-8.0)-10.54. Marriott's fourth-quarter financial report showed considerable progress toward a recovery, although the numbers didn't return to pre-pandemic levels. The hotel giant reported quarterly financial results that gave investors confidence about the travel industry's return to strength after a tough time in the opening year of the COVID-19 pandemic. Meanwhile, shares of Marriott International were up nearly 5% on the day. Since then, though, the chipmaker has clawed back much of that lost ground, and many see Nvidia as having above-average prospects to return to all-time record highs before too long - especially if favorable conditions in the semiconductor industry remain in place. At its worst levels in late January, Nvidia had seen its stock fall about 35% from its November highs.
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