MARRIOTT INTERNATIONAL AND MGM RESORTS INTERNATIONAL ANNOUNCE LONG-TERM LICENSE AGREEMENT AND CREATION OF "MGM COLLECTION WITH MARRIOTT BONVOY"
- Marriott Bonvoy members will have greater distribution access to MGM's award-winning resorts, leading to increased global rooms distribution by 2.4%. Members of both Marriott Bonvoy and MGM Rewards will be able to earn and redeem points at all MGM Collection with Marriott Bonvoy properties.
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Additionally, Marriott International and BetMGM sign loyalty marketing agreement to make Marriott Bonvoy the exclusive hospitality loyalty program partner of BetMGM
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9178653-marriott-mgm-license-agreement-creates-mgm-collection-with-marriott-bonvoy/
Beginning in October, several MGM Collection with Marriott Bonvoy resorts will be available for booking on Marriott's robust digital platforms, including Marriott.com and the Marriott Bonvoy mobile app, with all properties expected to be available by the end of the year. These resorts will continue to be available on MGM Resorts' channels, including MGMRewards.com and the MGM Resorts mobile app.
"This historic, long-term agreement brings together two of the most trusted and iconic brands in hospitality and entertainment," said Bill Hornbuckle, President and Chief Executive Officer, MGM Resorts. "We've seen first-hand the strong demand from Marriott International customers through our existing relationship at The Cosmopolitan of
"We are excited to make MGM Resorts' incredible properties available on Marriott channels, allowing our members to enjoy Marriott Bonvoy benefits when they stay at MGM Collection with Marriott Bonvoy resorts," said Anthony Capuano, President and Chief Executive Officer, Marriott International. "We look forward to increasing our global rooms distribution by 2.4 percent as we grow our presence on the Las Vegas Strip and in other compelling destinations across the
The agreement between MGM Resorts and Marriott will also benefit members of both companies' loyalty programs. Members of MGM Rewards, MGM Resorts' acclaimed loyalty platform with more than 40 million members globally, will be eligible to link accounts with Marriott Bonvoy and receive select member benefits. Members of Marriott Bonvoy, Marriott's award-winning loyalty platform with over 180 million members globally, will be able to earn and redeem points for stays at all MGM Collection with Marriott Bonvoy properties.
Familiar Brands on a New Stage
Of the 17 MGM resorts that will join MGM Collection with Marriott Bonvoy, four properties will also be affiliated with existing Marriott collection brands: Bellagio Resort & Casino will join The Luxury Collection, ARIA Resort & Casino will join Autograph Collection, Park MGM will become part of Tribute Portfolio, and The Cosmopolitan of
Eight MGM resorts in
Five MGM Resorts in other
Marriott and MGM Give Loyalty Members Access to a New and Inspiring Level of Experiences
Travelers visit
BetMGM and Marriott Bonvoy Further Enhance Member Benefits
Marriott International has also entered into a loyalty marketing agreement with BetMGM, MGM Resorts International's online gaming and sports betting joint venture, for Marriott Bonvoy to become BetMGM's exclusive hospitality loyalty program partner in the
Adam Greenblatt, BetMGM, Chief Executive Officer said, "We couldn't be more excited to be able to offer Marriott Bonvoy Members and our players another suite of incredible perks only found on BetMGM. Our new agreement with Marriott International will create a truly robust rewards program that connects our players and Marriott guests to the full BetMGM omnichannel experience."
For more information, please visit https://www.marriott.com/marriott-brands/mgm-collection.mi or https://www.mgmresorts.com/marriott.
To participate by phone please use the following information:
US Toll-Free Number: | +1-800-274-8461 |
International Number: | +1-203-518-9814 |
Conference ID: | MARMGM |
To access the MGM Collection with Marriott Bonvoy asset library please click this link.
Note on forward-looking statements
All statements in this press release are made as of July 17, 2023. Neither Marriott International nor MGM Resorts International ("we" and "our") undertakes any obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the virtual press conference held today contain "forward-looking statements" within the meaning of federal securities laws, including statements related to expected arrangements between Marriott International and MGM Resorts International and Marriott International and BetMGM; the expected addition of rooms and units to Marriott's system; the expected timing of MGM Collection by Marriott Bonvoy resorts being available for booking on Marriott's platforms; expected arrangements related to distribution channels and loyalty program offerings and benefits; the expected optimization of MGM Resorts International's profitability; the expected appeal of certain markets and destinations; travel and lodging demand trends and expectations; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release or the virtual press conference held today.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of
About Marriott International, Inc.
Marriott International, Inc. (NASDAQ: MAR) is based in
About BetMGM
BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's
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SOURCE Marriott International and MGM Resorts
FAQ
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