Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Thematic (Sector/Industry)

<ul>
<li>Of the seven US metrics we track, six showed a weaker pace of Y/Y change vs July data</li>
<li>Five of the seven border crossing metrics showed Y/Y declines in August (vs only two in July)</li>
<li>As a proxy for US leisure and travel activity, the August numbers paint a bleak picture</li>
</ul>


Of the seven US metrics we track, six showed a weaker pace of Y/Y change vs July data
Five of the seven border crossing metrics showed Y/Y declines in August (vs only two in July)
As a proxy for US leisure and travel activity, the August numbers paint a bleak picture


August US Customs & Border Protection Data Confirm Softening Travel Trend in Most Segments, Regions

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Marriott International / Equity Bottom-Up

<ul><li>Marriott International reported solid first quarter 2026 results with global revenue per available room (RevPAR) rising 4.2%, exceeding the high end of guidance.</li><li>The U.S. and Canada region saw a 4% RevPAR increase, led by luxury and resort hotels, while select service segments showed a notable recovery, rising 3.5% after a decline in the prior quarter.</li><li>Internationally, RevPAR grew 4.6%, driven by strong performance in Asia Pacific, especially Greater China with nearly 6% growth and significant contributions from Hong Kong and Hainan Island.</li></ul>

Marriott International reported solid first quarter 2026 results with global revenue per available room (RevPAR) rising 4.2%, exceeding the high end of guidance.The U.S. and Canada region saw a 4% RevPAR increase, led by luxury and resort hotels, while select service segments showed a notable recovery, rising 3.5% after a decline in the prior quarter.Internationally, RevPAR grew 4.6%, driven by strong performance in Asia Pacific, especially Greater China with nearly 6% growth and significant contributions from Hong Kong and Hainan Island.

Marriott International’s Luxury Wellness Push: Can Lefay Unlock A New Growth Lane?

<ul><li>Marriott International, a leader in the hospitality industry, reported mixed results for its fourth quarter and full-year 2025 financial performance.</li><li>The company experienced robust business momentum and strategic growth in its global portfolio, closing the year with nearly 1.78 million rooms across over 9,800 properties in 145 countries.</li><li>A significant positive for the year was Marriott's robust room growth strategy.</li></ul>

Marriott International, a leader in the hospitality industry, reported mixed results for its fourth quarter and full-year 2025 financial performance.The company experienced robust business momentum and strategic growth in its global portfolio, closing the year with nearly 1.78 million rooms across over 9,800 properties in 145 countries.A significant positive for the year was Marriott's robust room growth strategy.

Marriott International: The Bonvoy Loyalty Engine Is Evolving—And Investors Should Pay Attention!

<ul><li>Marriott International's third-quarter 2025 results demonstrate a mixed performance with several key indicators reflecting the broader intricacies of the global hospitality market.</li><li>On the positive side, Marriott reported financial outcomes that exceeded previous expectations, driven largely by a solid development pipeline and significant portfolio growth.</li><li>The company expanded its room repertoire by 4.7% year-over-year, reaching over 1.75 million rooms across more than 9,700 properties worldwide.</li></ul>

Marriott International's third-quarter 2025 results demonstrate a mixed performance with several key indicators reflecting the broader intricacies of the global hospitality market.On the positive side, Marriott reported financial outcomes that exceeded previous expectations, driven largely by a solid development pipeline and significant portfolio growth.The company expanded its room repertoire by 4.7% year-over-year, reaching over 1.75 million rooms across more than 9,700 properties worldwide.

Marriott’s Sonder Disaster: Evictions, Bankruptcy & A Billion-Dollar Blame Game!

Marriott’s Growth Blueprint: How Will Bonvoy, Tech, & Global Expansion Shape Its Next Decade?

United States

Marriott International Inc. is a worldwide operator and franchisor of hotels. The Company franchises lodging facilities and vacation timesharing resorts under various brand names. Marriott also provides services to home and condominium owner associations for projects associated with several of its brands.

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Marriott International (MAR US)

August US Customs & Border Protection Data Confirm Softening Travel Trend in Most Segments, Regions

By almost every measure, August's US border crossing data look even weaker than the mediocre numbers from July. Clearly, US travel and leisure...

Tracking Traffic

Marriott International’s Luxury Wellness Push: Can Lefay Unlock A New Growth Lane?

Marriott International reported solid first quarter 2026 results with global revenue per available room (RevPAR) rising 4.2%, exceeding the high...

Baptista Research

Marriott International: The Bonvoy Loyalty Engine Is Evolving—And Investors Should Pay Attention!

Marriott International, a leader in the hospitality industry, reported mixed results for its fourth quarter and full-year 2025 financial...

Baptista Research

Marriott’s Sonder Disaster: Evictions, Bankruptcy & A Billion-Dollar Blame Game!

Marriott International's third-quarter 2025 results demonstrate a mixed performance with several key indicators reflecting the broader intricacies...

Baptista Research

Marriott’s Growth Blueprint: How Will Bonvoy, Tech, & Global Expansion Shape Its Next Decade?

Marriott International's third-quarter 2025 results demonstrate a mixed performance with several key indicators reflecting the broader intricacies...

Baptista Research

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