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Confirmed

Lodging Stocks

3 names are moving together; 0% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
MARMarriott InternationalConsumer Cyclical-0.7%Most structurally connected
HHyatt Hotels CorporationConsumer Cyclical-1.4%Group member
HLTHilton Worldwide Holdings Inc.Consumer Cyclical-0.5%Group member

Why we believe this

Cohort

3 names

Participation

0% this session

Observed history

1 daily builds

Filing coverage

3/3 members

demand / volume

In the U.S. & Canada, RevPAR increased 0.7 percent in 2025, reflecting strong demand at our luxury hotels, partially offset by softer demand at our select service hotels, which were impacted by weaker business transient demand, in part due to declines in government travel.

MAR 10-K

credit / rates affecting interest expense

2025 Gains and other income, net $ 11 $ 5 $ 6 120 % $ 14 $ 3 $ 11 367 % Interest expense (221) (203) (18) (9) % (435) (395) (40) (10) % Interest income 20 12 8 67 % 30 21 9 43 % Equity in earnings 5 4 1 25 % — 5 (5) (100) % Interest expense increased in the 2026 second quarter and 2026 first half primarily due to higher debt balances driven by Senior Notes issuances, net of maturities ($28 million and $55 million, respectively).

MAR 10-Q

demand / volume affecting expense

As a result of the foregoing, as we have seen in the past to some extent, we may experience reduced demand, increased costs, operating disruptions or limitations, and physical damage to hotels in our system, and we could experience constraints on our growth, all of which could adversely affect our profits and growth.

MAR 10-K

Lodging Stocks can stay leader-led if secondary names fail to join while MAR keeps moving.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.