On August 3, Marriott fell 4.25% in regular trading, trading at $350.385/share, with turnover of $185 million. The decline was triggered by a mixed Q2 earnings report and disappointing Q3 guidance.

Marriott reported Q2 adjusted EPS of $3.19, up 20% year-over-year and beating the consensus estimate of $3.08. However, total revenue of $7.07 billion fell short of the $7.19 billion expected. More critically, the company guided Q3 adjusted EPS to $2.74-$2.82, with the midpoint below the Street estimate of $2.87. The Middle East conflict caused regional RevPAR to plunge 43% year-over-year, severely undermining international performance and offsetting strength in the US and Canada, where RevPAR hit a 13-quarter high of 5% growth. The CFO warned that Q4 Middle East headwinds will intensify due to tough year-ago comparisons and the region entering peak travel season in October, amplifying the drag on EMEA results.

Within the Hotels, Resorts and Cruise Lines sector, Booking Holdings rose 1.13%, Royal Caribbean gained 1.62%, Carnival climbed 3.06%, Norwegian Cruise Line advanced 4.94%, while Hilton declined 1.85%.

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