Marriott: Evaluating The Possibility Of Default (from seekingalpha.com)
https://seekingalpha.com/amp/article...ity-of-default
some interesting technical analysis of Marriott's current financial situation. |
Originally Posted by BenSenise
(Post 32283104)
https://seekingalpha.com/amp/article...ity-of-default
some interesting technical analysis of Marriott's current financial situation. |
"The coronavirus or COVID-19 is has become the worst event ever to have impacted Marriott's (MAR) business"
I dunno about that. The loss of a Marriott family member at the helm and appointment of Mr. Sorenson seems to be the worst event in Marriott history I can think of. As a side note, the article says Marriott spends $1BN on marketing a year. Where? Unless they're talking about all of the dumb things with BoNVOY written on it plastered around the hotels, I've never seen anything about Marriott or Bonfire in the wild. Surely the bloggers aren't eating up $1BN worth of referrals and free stays? |
Originally Posted by KRSW
(Post 32283392)
As a side note, the article says Marriott spends $1BN on marketing a year. Where? Unless they're talking about all of the dumb things with BoNVOY written on it plastered around the hotels, I've never seen anything about Marriott or Bonfire in the wild. Surely the bloggers aren't eating up $1BN worth of referrals and free stays?
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Originally Posted by KRSW
(Post 32283392)
As a side note, the article says Marriott spends $1BN on marketing a year. Where? Unless they're talking about all of the dumb things with BoNVOY written on it plastered around the hotels, I've never seen anything about Marriott or Bonfire in the wild. Surely the bloggers aren't eating up $1BN worth of referrals and free stays? |
Good way to raise money - spin off all legacy Starwood properties, and then it can go create a new loyalty program for its Preferred Guests :D
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Originally Posted by DYKWIA
(Post 32284394)
Lots of TV adverts in the UK, and I'd guess other European countries.
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Originally Posted by UA-NYC
(Post 32284531)
Good way to raise money - spin off all legacy Starwood properties, and then it can go create a new loyalty program for its Preferred Guests :D
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Originally Posted by 3rdworldresident
(Post 32284731)
That's what i want the most, long before the Covid-19 pandemic.
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The marketing money will be ring-fenced as it is from property owners, won't it? Marriott will cut it as contributions from hotels are cut but franchise law in the US, as I understand it, doesn't allow it to just pocket the change.
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You have no concept of how much Marriott spends on marketing. You would be shocked at what companies they hire and who they are in bed with for marketing purposes.
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I believe Marriott has sufficient Business Interruption Insurance to prevent the covenant requirements from kicking in.
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It's not like lenders won't waive or amend the covenants anyway given the circumstances. Typical type of seekingalpha fluff from a stock shorter.
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Originally Posted by Centurion
(Post 32285162)
You have no concept of how much Marriott spends on marketing. You would be shocked at what companies they hire and who they are in bed with for marketing purposes.
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