Stay updated with breaking news from Project Midx. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Morgan Stanley analyst Stephen W Grambling has reiterated an Overweight rating on the shares of Marriott International Inc (NASDAQ: MAR)
The soon-to-launch midscale extended-stay concept will cater to a "budget-conscious consumer."
Laptop workers who can do their jobs anywhere have driven up interest in extended-stay hotels, which are cheaper to build and operate than their full-service counterparts.
As a road warrior for 35 years, Tanna Pearman has crisscrossed the country, staying at luxury hotels and roadside motels. Her least favorite are boxy convention hotels with cavernous lobbies that are easy to get lost in. But at the top of her list is extended-stay lodging. With guest rooms big enough for both working and unwinding, extended-stay hotels make it easy to combine business calls and sightseeing tours, said Pearman, a broker for Meetings Made Easy, a meeting planning company based in
Building Off Industry Leadership in Extended Stay, Marriott International Plans to Launch Affordable Midscale Extended Stay Offering in U.S. & Canada