Marriott Stock Soars Beyond $200: Unveiling The Factors Fueling Its Skyward Journey And Why It's Poised For Even Greater Heights

• The company's Q2 earnings surpassed analyst predictions, with earnings per share of $2.26 and a quarterly revenue of $6.1 billion.
• Since Q3 of June 2020, Marriott has consistently exceeded market expectations, and its stock price surged by 142% over the past year.
• Reflecting on its history, Marriott's stock started at $11 in March 2009 and reached $149 by January 2018, an increase of over 1100%.

With a remarkable portfolio that includes renowned brands like Marriott Hotels & Resorts and the legendary Ritz-Carlton, Marriott International MAR has firmly established itself in the global hospitality market.

The Q2 earnings, unveiled on August 1st, demonstrated how consistent the company's growth has been. Surpassing analyst predictions, Marriott achieved earnings per share of $2.26, exceeding the projected $2.19.

In addition, their impressive revenue for the quarter amounted to a staggering $6.1 billion.

Their exceptional performance is not just a one-time event. Since Q3 of June 2020, the company has consistently exceeded market expectations.

Since that period, their stock price has also surged, increasing by an impressive 142%. However, achieving success is never a smooth and linear journey.

The year 2022 brought its fair share of difficulties. Marriott's stock experienced significant fluctuations, reaching a peak of nearly $200 in April before plummeting by 32% to a low of $131 in June.

While this could have discouraged some investors, those familiar with Marriott's resilience understood the bigger picture. As expected, the stock made a remarkable comeback, soaring by an impressive 58% from its June low.

In July 2023, Marriott's stock soared past its previous all-time high from 2022 and successfully surpassed the significant milestone of $200, setting new records.

In order to truly understand the stock's current behaviour, it is essential to reflect on its behaviour in the past. A significant turning point for the stock occurred in March 2009, when it began its remarkable journey from a humble value of $11, eventually skyrocketing to a staggering $149 by January 2018.

In that period, the stock saw an increase of over 1100%. Investors will now have to wait and see if price can maintain this remarkable growth as it continues to hit new record levels or whether the momentum will soon fade.

After the closing bell on Thursday, August 10, the stock closed at $208,39, trading up by 1.10%.