Toast shares are trading higher after the company announced an agreement with Marriott International to make its Toast for Hotel Restaurants technology available to food and beverage outlets within Marriott's Select service hotels in the U.S. and Canada.
Portfolio Pulse from Benzinga Newsdesk
Toast announced an agreement with Marriott International to provide its Toast for Hotel Restaurants technology to food and beverage outlets within Marriott's Select service hotels in the U.S. and Canada.
June 12, 2023 | 6:00 pm
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POSITIVE IMPACT
Marriott International partners with Toast to offer Toast for Hotel Restaurants technology to its Select service hotels in the U.S. and Canada.
The partnership with Toast will enhance Marriott's food and beverage offerings in its Select service hotels, potentially attracting more customers and increasing revenue, leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Toast shares are trading higher after announcing a partnership with Marriott International to provide its technology to Marriott's Select service hotels.
The partnership with Marriott International, a major hotel chain, will likely increase Toast's revenue and market presence, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100