{
 "ticker": "MAR",
 "name": "Marriott",
 "url": "https://grantbishop.pages.dev/index/MAR",
 "sells": "Marriott runs hotel brands and manages or franchises properties it mostly does not own, earning fees from travel demand.",
 "why": "We follow it because weight-loss drugs and health trends may change the demand for what it sells.",
 "questions": [
  {
   "slug": "sales-grow",
   "question": "Whose sales may the drugs grow?",
   "url": "https://grantbishop.pages.dev/index/q/sales-grow"
  }
 ],
 "tests": [
  {
   "id": "W-7",
   "claim": "Businesses keep adopting AI, but the economy-wide productivity lift does not arrive before 2028.",
   "url": "https://grantbishop.pages.dev/claims/ai-productivity-not-before-2028"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-03",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000035/mar-20260630.htm"
 },
 "disclosed": [
  {
   "date": "2026-11-02",
   "figure": "2 November",
   "what": "Marriott third-quarter 2026 results release date",
   "source": "https://news.marriott.com/news/2026/10/09/marriott-international-announces-release-date-for-third-quarter-2026-earnings"
  },
  {
   "date": "2026-09-30",
   "figure": "3.5 percent",
   "what": "Marriott Q3 2026 worldwide RevPAR growth guidance, low end",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-09-30",
   "figure": "4.0 percent",
   "what": "Marriott Q3 2026 worldwide RevPAR growth guidance, high end",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "3.4 percent",
   "what": "Marriott worldwide RevPAR growth, Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "3.5 percent",
   "what": "Marriott worldwide ADR growth, Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "5.0 percent",
   "what": "Marriott U.S. & Canada RevPAR growth, Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "0.5 percent",
   "what": "Marriott International RevPAR change, Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "629,000",
   "what": "Marriott pipeline rooms",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "44 percent",
   "what": "Share of Marriott pipeline rooms under construction",
   "source": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-2026q2xex99earningsrel.htm"
  }
 ],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-03 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "10-Q",
    "filed": "2026-11-02",
    "period": "2026-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000043/mar-20260930.htm",
    "what_it_said": "It guided third-quarter worldwide RevPAR growth of 3.5 to 4.0 percent. - How it cuts: toward price, with a firmer North American base. - Next disclosure: third-quarter results on 2 November.",
    "from_piece": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build"
   },
   {
    "form": "8-K",
    "filed": "2026-11-02",
    "period": "2026-11-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000040/mar-20261102.htm",
    "what_it_said": "It guided third-quarter worldwide RevPAR growth of 3.5 to 4.0 percent. - How it cuts: toward price, with a firmer North American base. - Next disclosure: third-quarter results on 2 November.",
    "from_piece": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build"
   },
   {
    "form": "8-K",
    "filed": "2026-09-24",
    "period": "2026-09-23",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000119312526401051/d145370d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-13",
    "period": "2026-08-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000119312526349395/d162127d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-08-03",
    "period": "2026-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000035/mar-20260630.htm",
    "what_it_said": "On 3 August Marriott reported second-quarter RevPAR growth driven almost entirely by rate.",
    "from_piece": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build"
   },
   {
    "form": "8-K",
    "filed": "2026-08-03",
    "period": "2026-08-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/mar-20260803.htm",
    "what_it_said": "On 3 August Marriott reported second-quarter RevPAR growth driven almost entirely by rate.",
    "from_piece": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build"
   },
   {
    "form": "8-K",
    "filed": "2026-05-13",
    "period": "2026-05-08",
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    "form": "10-Q",
    "filed": "2026-05-06",
    "period": "2026-03-31",
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   {
    "form": "8-K",
    "filed": "2026-05-06",
    "period": "2026-05-06",
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   {
    "form": "8-K",
    "filed": "2026-02-20",
    "period": "2026-02-18",
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   },
   {
    "form": "10-K",
    "filed": "2026-02-10",
    "period": "2025-12-31",
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    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000119312525184082/d52476d8k.htm",
    "what_it_said": "On 20 August Deere reported farm sales down and construction sales up.",
    "from_piece": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build"
   },
   {
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    "what_it_said": null,
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   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 417.16,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 415.79,
   "high": 425.76,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 280.99,
   "low_date": "2025-11-17",
   "high": 433.3,
   "high_date": "2026-11-02",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 107420534253,
   "currency": "USD",
   "as_of": "2026-11-09",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 257504397,
    "as_of": "2026-10-26",
    "form": "10-Q",
    "filed": "2026-11-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000043/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 05:15:40"
 },
 "exhibits": null,
 "mentions": [
  {
   "date": "2026-10-20",
   "slug": "where-else-economy-working-outside-ai-build",
   "headline": "Outside the artificial-intelligence build, is the economy growing, or just charging more?",
   "url": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build",
   "line": null,
   "idea": {
    "id": "W-1",
    "text": null,
    "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
   }
  }
 ],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}