Marriott International, Inc. (MAR)'s Raise Was Great, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Shared Key Insights From Morgan Stanley’s CEO. Marriott International, Inc. (NASDAQ:MAR) is one of the stocks Jim Cramer recently discussed.

Marriott International, Inc. (NASDAQ:MAR) is one of the largest hotel chains in the world. Its shares have lost 1% year-to-date and are down by 10.8% since their peak in February. The stock has struggled due to worries about consumer sentiment and a slowdown in travel spending. Cramer’s previous comments about Marriott International, Inc. (NASDAQ:MAR) have speculated that a part of the reason that the firm’s shares have lost ground is because of self fulfilling prophecy in the travel market. This time, he linked GE Aerospace’s backlog with Marriott International, Inc. (NASDAQ:MAR) raising its full-year guide in May to wonder whether the travel industry was coming back:

“The backlogs we’re talking about, it’s just that such a bull market in travel and flight that makes me say like you knowraising numbers Marriott raising. . .”

Previously, Cramer commented on Marriott International, Inc. (NASDAQ:MAR)’s share price drop:

“Well, I know that there’s a lot of questions about going out to dinner and going out to dinner, the restaurants that charge too much, not good. The travel boom. Many people feel is over. . .if it’s the airlines. . .Marriott has started to come down. This group is rolling over, but it’s a little self-fulfilling in the sense that you know David, once you get, one of them down, people just say I’m getting out all of them.”

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Disclosure: None. This article is originally published at Insider Monkey.