Why Toast (TOST) Stock Is Trading Higher After Marriott News
Portfolio Pulse from Henry Khederian
Toast Inc (TOST) shares are trading higher by 5.15% after announcing an agreement with Marriott International (MAR) 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.
June 12, 2023 | 7:24 pm
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POSITIVE IMPACT
Marriott International has entered into an agreement with Toast Inc to make its Toast for Hotel Restaurants technology available to its Select service hotels.
The partnership with Toast Inc will allow Marriott International to enhance the food and beverage experience at its Select service hotels. This could lead to improved customer satisfaction and potentially increased revenue from food and beverage operations, positively impacting MAR's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Toast Inc's shares are trading higher after announcing a partnership with Marriott International to provide its technology to hotel restaurants.
The partnership with Marriott International, a major hotel chain, is a significant development for Toast Inc. This agreement will likely lead to increased adoption of Toast's technology in the hospitality industry, resulting in potential revenue growth and a positive impact on TOST's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100