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☆ Meet 6 trailblazers in the NFL, Coast Guard and more: 'Success isn't being the first,' it's having 'many others follow'
▼ + stars: | 2023-03-08 | by ( Morgan Smith Gili Malinsky Ashton Jackson Jennifer Liu | Morgan Smith | Gili Malinsky | ) www.cnbc.com time to read: +9 min

"There was something about the Coast Guard, the missions, seeing the small boats that just spoke to me," she says. Fagan ended up attending the U.S. Coast Guard Academy and her first tour of duty in 1985 took her to Antarctica. From there, the Coast Guard would offer a new assignment every couple of years. Of all 32 teams in the NFL, less than 10 have a Black or female president. "To me, the definition of success isn't being the first — it's to have many, many others follow behind you."

☆ U.S. travel companies experience high demand but economic worries cloud outlook
▼ + stars: | 2023-02-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.

☆ Marriot CEO Anthony Capuano on trying to make waves in high-end yacht market
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriot CEO Anthony Capuano on trying to make waves in high-end yacht marketCNBC's Seema Mody with Anthony Capuano, Marriott International CEO joins 'Squawk on the Street' to discuss Marriott heading into the Yacht market and future plans for the company.

☆ Marriott Earnings Top Views as Travel Demand Holds Strong
▼ + stars: | 2023-02-14 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Marriott International said its average room rates in the most recent quarter were 13% higher than prepandemic levels. Marriott International Inc. posted a 33% jump in revenue for the recently ended quarter, as tourists, business travelers and others continued to pay up for rooms despite higher rates. Chief Executive Tony Capuano said that demand for leisure travel in the U.S. and Canada — the company’s biggest market— held strong, and group travel topped prepandemic levels. Demand for business travel, which has been slower to return, was nearly 90% recovered to prepandemic levels in the U.S. and Canada as companies sent their employees on the road once again, he said.

☆ 'Blended trips' have become latest trend in travel habits, says Marriott's Tony Capuano
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Blended trips' have become latest trend in travel habits, says Marriott's Tony CapuanoTony Capuano, Marriott International CEO, joins 'Squawk on the Street' to discuss the demand for travel in 2023, rate increases associated with business travel, and employment trends in the travel and leisure business.

Futures were volatile after the Labor Department report showed consumer prices climbed 0.5% in January following a 0.1% rise in December. That was the smallest gain since October 2021 but slightly above market forecast of a 6.2% rise. "I don't think (this report) moves the needle for the Fed, and I suspect they're taking a hard look at the data. Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.2% by July. Coca-Cola Co (KO.N) slipped 0.4% despite a strong full-year profit forecast from the soda maker.

The tech-heavy Nasdaq (.IXIC) recovered after a weak open, boosted by 4% gains in Tesla Inc (TSLA.O) and Nvidia Corp (NVDA.O). Ten of the 11 major S&P sectors rose, with consumer discretionary (.SPLRCD) and technology (.SPLRCT) leading the gains. "I don't think (this report) moves the needle for the Fed, and I suspect they're taking a hard look at the data. The rally, however, stalled last week on signs of a tight labor market and hawkish commentary from Fed policymakers. Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.2% by July.

You can earn Marriott points from paid stays, co-branded credit cards, or flexible points transfers. How to earn Marriott pointsEarn points from Marriott Bonvoy hotel staysThere are plenty of different ways to earn Marriott points, but let's start with the simplest: earning points on hotel stays. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. 6X Marriott Bonvoy Points on purchases at hotels participating in Marriott Bonvoy4X Marriott Bonvoy Points on up to $15,000 in combined purchases per year at restaurants worldwide and at U.S. supermarkets2X Marriott Bonvoy Points on all other eligible purchases1,000 Marriott Bonvoy Bonus Points with each qualifying stayComplimentary Gold Elite statusA Free Night Award (redemption level at or under 50,000 Marriott Bonvoy Points) after making $15,000 in purchases per year.

☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

☆ What do Chinese travelers want? Luxury 'star-rated' hotels, says new survey
▼ + stars: | 2023-02-10 | by ( Evelyn Cheng | Chris Dwyer | ) www.cnbc.com time to read: +4 min

The research points to growing demand for high-end and luxury hotels in China now that the country has ended domestic travel restrictions — and a Covid wave has passed. watch nowThe report said that "37% of the consumers prefer higher star-rated hotels, up from 18% in 2020, with higher-income consumers showing even stronger appetites for luxury hotel stays (47% vs. 31% in 2020)." "The growing mid-/high-income population in China will fuel continued growth in demand for upscale hotels," the UBS report said. "At present, the number of upscale and luxury hotel guest room contribution and brand penetration rate in China are both lower than in North America." "China's hotel groups are still exploring the upscale hotel market, and we think acquisition of established overseas upscale brands may be their best option, and that founding joint ventures with real estate developers could provide property management resources for expansion into the upscale hotel market."

Read our review Read Our Review A looong arrow, pointing rightThe Marriott Bonvoy Bold® Credit Card comes with an increased limited-time welcome bonus and good perks for a no-annual-fee card, but unless paying an annual fee is a dealbreaker for you, other Marriott cards — like the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Brilliant® American Express® Card, or Marriott Bonvoy Business® American Express® Card — are a better deal. Review: Is the Marriott Bonvoy Bold Credit Card the Best Credit Card for You? How to Earn Points With the Marriott Bonvoy Bold Credit CardThe Marriott Bonvoy Bold® Credit Card doesn't have as generous an earning structure as other Marriott credit cards, but you'll still have the opportunity to earn bonus points when you travel. Generally, the Marriott Bonvoy Bold® Credit Card requires a good to excellent credit score to be eligible, which means a FICO score of at least 670.Who is eligible for the Marriott Bonvoy Bold? You're also not eligible if you already have a Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy Boundless® Credit Card, or Marriott Bonvoy® Premier credit card (not available to new applicants) open, or earned the welcome bonus from one in the past 24 months.

Review: Is the Marriott Bonvoy Boundless Credit Card the Best Credit Card for You? Marriott Bonvoy Boundless Benefits and FeaturesThe Marriott Bonvoy Boundless card comes with a host of benefits and travel perks. You're also not eligible if you already have a Marriott Bonvoy Boundless, Marriott Bonvoy Bold® Credit Card, or Marriott Bonvoy® Premier credit card (not available to new applicants) open, or earned the welcome bonus from one in the past 24 months. Within the past 90 days, you've been approved for the Marriott Bonvoy Business® American Express® Card, Marriott Bonvoy Brilliant® American Express® Card, or Marriott Bonvoy Bevy™ American Express® Card. Within the past 24 months, you've earned a welcome bonus/upgrade bonus for the Marriott Bonvoy Business® American Express® Card, Marriott Bonvoy Brilliant® American Express® Card, Marriott Bonvoy Bevy™ American Express® Card.

☆ Travel Stocks Soar After Pandemic Struggles
▼ + stars: | 2023-02-03 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

The travel industry is making a comeback from Covid-19. Consumers have flocked to the skies, after the worst of the pandemic essentially shuttered the travel industry. Shares of companies focused on travel are among the early winners of 2023. United Airlines Holdings Inc. and American Airlines Group Inc. have advanced 39% and 34%, respectively. Caesars Entertainment Inc. has advanced 29%, while Marriott International Inc. is up 18%.

Earn 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program. $95 Apply now On Wells Fargo's website Learn More Apply now On Chase's websiteHow to earn points with the Amex Marriott Bonvoy Brilliant cardThe Marriott Bonvoy Brilliant® American Express® Card offers a straightforward earning structure, earning bonus points at eligible Marriott Bonvoy properties and in other useful categories. Read our review Read Our Review A looong arrow, pointing rightMarriott Bonvoy Brilliant card fees and costsThe Marriott Bonvoy Brilliant® American Express® Card has a $650 annual fee. You also aren't eligible for the welcome bonus offer on this card if any of the following apply to you: You are a current cardmember, or were a previous cardmember within the last 30 days, of The Ritz-Carlton™ Credit Card from JPMorgan or J.P. Morgan Ritz-Carlton Rewards® Credit CardYou've opened the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, or Marriott Bonvoy Bountiful™ Card in the last 90 daysIn the last 24 months, you've received a new cardmember bonus offer or upgrade offer for the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, or Marriott Bonvoy Bountiful™ CardIs the Marriott Bonvoy Brilliant card worth it? There are also two new mid-range Marriott cards to consider (Marriott Bonvoy Bountiful™ Card and Marriott Bonvoy Bevy™ American Express® Card) which both have a $250 annual fee).

Review: Is the Marriott Bonvoy Bevy American Express card the best credit card for you? With the launch of the Marriott Bonvoy Bevy™ American Express® Card (and its new sibling card, the Marriott Bonvoy Bountiful™ Card ), there are now a whopping six Marriott credit cards available to new applicants. The Marriott Bonvoy Bevy™ American Express® Card, with a $250 annual fee, is positioned as a mid-tier card between the popular Marriott Bonvoy Boundless® Credit Card ($95 annual fee) and premium Marriott Bonvoy Brilliant® American Express® Card ($650 annual fee). On other Marriott Bonvoy cards, like the Marriott Bonvoy Boundless® Credit Card, the free anniversary night certificate is one of the best perks, so its absence on the Marriott Bonvoy Bevy™ American Express® Card really sticks out. If have or have had The Ritz-Carlton® Credit Card from JPMorgan, J.P. Morgan Ritz-Carlton Rewards® Credit Card, Marriott Bonvoy Bountiful™ Card, Marriott Bonvoy Boundless® Credit Card, Marriott Rewards® Premier Plus Credit Card from Chase, Marriott Bonvoy® Premier Credit Card from Chase, Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy® Premier Plus Business Credit Card from Chase, or the Marriott Rewards® Premier Plus Business Credit Card from Chase in the last 30 days, you won't be eligible for the $250.

☆ These were Insider's CMOs to watch in 2022
▼ + stars: | 2022-12-23 | by ( Michael Kaminer | Lucia Moses | ) www.businessinsider.com time to read: 1 min

Massimo Baratto, chief consumer officer, Under ArmourUnder ArmourPart of Barrato's mission in this newly created role has been focusing more on direct-to-consumer channels and less on traditional retail. The company has since ramped up its use of SEO and digital promotions, including influencer relations. Baratto also helped shift the tone of Under Armour's advertising; Tom Brady and Morgan Freeman starred in a high-profile "Future GOATs" campaign encouraging young athletes to be themselves. The company is also unveiling a national program offering grants to young athletes and in-person experiences at Under Armour's Baltimore "campus." Under Armour ended 2023 by hiring ex-Marriott International president Stephanie Linnartz as CEO.

☆ Under Armour Names Stephanie Linnartz Next CEO
▼ + stars: | 2022-12-22 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Stephanie Linnartz is set to lead Under Armour as president, chief executive and a member of the board. Under Armour Inc. on Wednesday said Stephanie Linnartz will join the company as its first female president, chief executive and a member of the board, effective Feb. 27. The Baltimore-based sportswear maker said Colin Browne , who has served as interim president and CEO since June, will resume his role as chief operating officer upon Ms. Linnartz’s arrival. Ms. Linnartz currently serves as the president of Marriott International Inc., where she has held multiple C-Suite positions. She joined the company in 1997 as a financial analyst.

☆ Stocks making the biggest moves midday: AMC Entertainment, Tesla, Micron, Under Armour and more
▼ + stars: | 2022-12-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — Shares fell more than 9% during Thursday trading. Analysts expected earnings of 70 cents a share on $7.29 billion in revenue. Under Armour — Shares fell more than 4% Thursday. TuSimple — Shares dropped more than 12% after TuSimple said it would cut 25% of its workforce, which would affect about 350 employees at the self-driving truck startup. Airline stocks — A slew of airline stocks fell Thursday amid news of hundreds of flight cancellations as a massive winter storm hit the U.S. American and United slumped 5.5% and 4%, respectively.

☆ Under Armour names Marriott veteran Linnartz as CEO to boost e-commerce
▼ + stars: | 2022-12-21 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

[1/2] Stephanie Linnartz, President of Marriott International speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. REUTERS/Mike BlakeDec 21 (Reuters) - Under Armour Inc (UAA.N) on Wednesday named veteran hotelier Stephanie Linnartz as its chief executive, betting that her experience in e-commerce and branding strategy will help revive sales at the apparel maker. Linnartz currently serves as president of Marriott International Inc (MAR.O) and has been with the hotel chain operator in various roles for the last 25 years. Interim CEO Colin Browne will resume his responsibilities as chief operating officer, Under Armour said in a statement. Linnartz will receive a base salary of $1.3 million per year and a one-time sign-on cash bonus of $375,000.

☆ Under Armour names Marriot's Linnartz as CEO
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - Under Armour Inc (UAA.N) on Wednesday named Stephanie Linnartz as its chief executive officer, months after Patrik Frisk stepped down from the role, sending shares of the apparel company marginally down in extended trading. Joining Under Armour on Feb. 27, Linnartz will take the helm at a time when the company is grappling with weakening demand for sporting goods as decades-high inflation makes consumers cut corners. Former CEO Frisk, who joined Under Armour in 2017 and was named as CEO in 2020, had helped the company "dramatically improve" the health of its businesses during his time by focusing on building inventory. The company said Linnartz will receive a base salary of $1.3 million per year and a one-time sign-on cash bonus of $375,000. Meanwhile, Under Armour interim CEO Colin Browne will resume his responsibilities as chief operating officer.

☆ Stocks making the biggest moves after hours: Under Armour, Micron Technology and more
▼ + stars: | 2022-12-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell:Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street's expectations. Micron Technology also said it expects a wider-than-expected adjusted loss of 62 cents a share for the current period. Under Armour — Under Armour's stock seesawed in extended trading following news that Marriott International President Stephanie Linnartz will join the athletics apparel company as its next CEO. MillerKnoll — MillerKnoll's stock jumped 6% in extended trading after the office furniture maker beat top and bottom line estimates for its fiscal second quarter. Guidance for the current quarter fell roughly in line with expectations from analysts surveyed by StreetAccount.

Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the company hopes will grow its digital business. Linnartz, who has been with Marriott since 1997, was one of 60 candidates considered for the role. "She's really a learner," Plank said. Linnartz, who started as a financial analyst at Marriott in 1997, will start her new job on Feb. 27. The company is banking on Linnartz's experience leading Marriott's multibillion-dollar digital transformation to accelerate Under Armour's online initiatives.

☆ Struggling Under Armour turns to new CEO from Marriott as it strives to boost digital sales and compete with Nike
▼ + stars: | 2022-12-21 | by ( Matthew Kish | ) www.businessinsider.com time to read: +2 min

Under Armour on Wednesday named Stephanie Linnartz CEO. Linnartz, who most recently served as the president of Marriott International, also will be charged with rebuilding the company's relationships with consumers. New Under Armour CEO Stephanie Linnartz Courtesy Under ArmourIn a news release, Under Armour Executive Chair Kevin Plank credited Linnartz with leading Marriott's "multi-billion dollar digital transformation, driving scale through continuous brand innovation across the portfolio." At Marriott, Linnartz oversaw the company's Marriott Bonvoy membership program. Before serving as president of Marriott, Linnartz served as Marriott Group's president of consumer operations, technology and emerging businesses.

☆ Barclays downgrades Marriott, says stock valuation looks fair given the softening macro environment
▼ + stars: | 2022-12-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A weakening macro environment could weigh on Marriott International in the months ahead, according to Barclays. Analyst Brandt Montour downgraded shares to equal weight from overweight, citing the lodging stock's current trading price, which is now in line with Barclays' target. Montour upped the bank's price target on Marriott to $170 from $163, suggesting shares could gain about 7% from Wednesday's close. Although Marriott has a solid management team and strong loyalty program, Barclays views shares as fairly valued given the heightened macro risks. Montour upgraded shares of Wyndham Hotels in the same note, calling the stock a favored lodging pick as consumers trade down.

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