You are considering investing inMarriott International(NASDAQ: MAR). You will need to make an investment recommendation based onthemarket andyourtheoretical value ofMarriott International. This question is designed such that your answers in this question should build a company and industry profile ofMarriott Internationaland help make your final recommendation. Any assumptions that you rely upon should be clearly stated in your answer.

i)Undertake an industry and company analysis forMarriott International(see supplementary resources on Blackboard and textbook chapter listed in unit outline). This question asks you to consider the factors which influenceMarriott'sshare price. (15 Marks).

ii)What is the current price (any date fromAug2020) of ordinary common shares ofMarriott International(NASDAQ: MAR)? Using an appropriate chart as reference, describe how this price has evolved over the past 3-years, and compare the performance ofMarriott Internationalto an appropriate benchmark index (15 Marks).

iii)What has been the main driver(s)or influencesMarriott'sshare price movement over the past6 months? What do you think will impact the share price in the future?Make reference to the analysis you took in i and ii)(5Marks).

iv)Valuation multiples are often used to compare companies quickly. Identifyan appropriatevaluation multiple/ratio and evaluate if the company is over or under valued using relative valuation. What are the reasons you picked the multiples that you did and how did you conclude thatMarriott Internationalis over or under valued? (5marks).