Marriott's New Credit Card Deals Promise Near-Term Growth
Dow Jones
Aug 03
1152 ET - Marriott International is set up to gain from newly revised deals with JPMorgan and American Express, Melius Research analysts say in a note. The new terms fuel fee growth in the second half of this year and the first half of 2027 before annualizing and reverting to a typical high-single-digit percentage growth rate, the analysts say. Over the medium-term, the new terms and uplift from Marriott's loyalty program should contribute $100 million to $125 million by 2028. The analysts say positive sentiment had already built around the new credit-card deals bringing growth.
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