Marriott International (NASDAQ:MAR) shares are surging higher on Tuesday after the company reported better‑than‑expected fourth‑quarter sales results and issued strong first‑quarter adjusted EPS guidance.

Marriott International stock is at critical resistance. Why did MAR hit a new high?

Marriott Beats Revenue Estimates

Marriott reported adjusted earnings of $2.58 per share, coming in slightly below the $2.61 analysts expected, but still up from $2.45 a year earlier. Revenue came in at $6.69 billion, edging past estimates and rising more than 4% year-over-year.

The company saw fourth‑quarter Revenue Per Available Room (RevPAR) rise 1.9% worldwide, supported by strong international demand, while the U.S. ...