Marriott (MAR) stock jumps toward record high on luxury travel demand and credit-card fee outlook
Marriott shares jumped 8.5% to $359.35 Tuesday after the company forecast a 35% rise in co-branded credit card fees and higher 2026 RevPAR, citing strong luxury travel demand. Fourth-quarter RevPAR rose 1.9% globally but slipped 0.1% in the U.S. and Canada. Hilton and Hyatt shares also climbed. Investors await U.S. inflation data Friday.