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Marriott International (Symbol: MAR) is the world's leading hotel company, headquartered in Bethesda, Maryland, USA. With an impressive portfolio of nearly 8,900 properties across over 30 top-tier brands in 141 countries and territories, Marriott offers a diverse range of accommodations from luxury resorts to midscale hotels. Founded in 1927 by J. Willard and Alice S. Marriott as a root beer stand, the company has grown exponentially to become a giant in the hospitality industry, reporting revenues of nearly $14 billion in fiscal year 2015.
Marriott operates and franchises hotels and licenses vacation ownership resorts. The company's core business includes managing and franchising hotels across the globe, a model that allows it to maintain a robust presence with minimal asset ownership risk. As of the end of 2023, Marriott managed and franchised 97% of its total rooms. Its most prominent brands include Marriott, Courtyard, and Sheraton, while newer lifestyle brands such as Autograph Collection, Tribute Portfolio, Moxy, Aloft, and Element add contemporary flair to its offerings.
The company continues to demonstrate strong financial performance and growth. In 2023, global RevPAR (Revenue per Available Room) rose by 15%, while net rooms grew by 4.7%. The fee-driven, asset-light business model enabled record cash generation. Marriott Bonvoy, the company’s loyalty program, has 196 million members, contributing significantly to the company's revenue. Additionally, Marriott has strategically expanded its credit card offerings, with 31 co-brand cards across 11 countries.
Recent news highlights include the record addition of 81,300 rooms to its portfolio in 2023, driven by a significant deal with MGM Resorts International adding 37,000 rooms. The development pipeline also reached a new high with roughly 573,000 rooms at year-end. Marriott’s presence in the Caribbean and Latin America (CALA) saw substantial growth, adding over 170 properties and signing nearly 7,300 rooms in 2023.
Marriott’s financial condition remains strong with a disciplined approach to debt and shareholder returns. In 2023, the company repurchased shares worth $3.9 billion and aims to return $4.1 billion to $4.3 billion to shareholders in 2024. The company’s commitment to innovation and sustainability, as shown by the launch of the City Express by Marriott in the affordable midscale segment, ensures continued growth and adaptation to market trends.
Marriott International has consistently been recognized for its superior business ethics and as a top employer. It maintains a strong commitment to diversity and inclusion, providing equal employment opportunities and fostering an inclusive culture. For more information, visit marriott.com and marriottnewscenter.com.
Marriott International (Nasdaq: MAR) has announced a quarterly cash dividend of 63 cents per share of common stock. The dividend will be paid on March 31, 2025, to shareholders of record as of the close of business on February 27, 2025.
The company currently operates a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott's business model includes operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. The company also offers Marriott Bonvoy®, its travel platform.
Sonder Holdings (NASDAQ: SOND) reported its Q3 2024 financial results, showing mixed performance. Revenue reached $162 million, up 1% year-over-year, with RevPAR increasing 14% to $176 and occupancy rate rising 2 percentage points to 85%. However, the company posted a net loss of $(179) million, a 211% increase year-over-year, including a $58 million loss on preferred stock issuance.
The company made substantial progress in its portfolio optimization program, exiting approximately 70 buildings (2,800 units) out of the planned 80 buildings. Sonder also announced a strategic licensing agreement with Marriott International, integrating with Marriott's digital channels and Bonvoy program. The company strengthened its balance sheet with approximately $146 million in enhanced liquidity and expanded its European presence with new properties in Madrid, Milan, and Paris.
The Snow League, the first professional winter sports league dedicated to snowboarding and skiing launched by Shaun White, has announced a partnership with Marriott Bonvoy as its official hotel and loyalty partner for the inaugural season. The league will debut at Aspen Snowmass on March 7-8, 2025.
As part of the collaboration, Marriott Bonvoy has launched four Moments experiences for the Aspen Snowmass competition, which members can redeem with points. These packages include private mountain experiences with White, VIP access to the Marriott Bonvoy suite, and three-night stays at W Aspen. The partnership will also provide league athletes with access to Marriott Bonvoy's hotel brands and experiences during Season One competitions, along with championship parties and other activations.
Marriott International (MAR) reported strong Q4 2024 results with worldwide RevPAR increasing 5.0%, driven by 4.1% growth in U.S. & Canada and 7.2% growth in international markets. The company achieved fourth quarter reported net income of $455 million and adjusted net income of $686 million, with reported diluted EPS of $1.63 and adjusted diluted EPS of $2.45.
Notable achievements include record gross room additions of over 123,000 in 2024, leading to 6.8% net rooms growth. The company's development pipeline reached nearly 3,800 properties with over 577,000 rooms. Marriott returned over $4.4 billion to shareholders through dividends and share repurchases in 2024.
For 2025, Marriott projects worldwide RevPAR growth of 2-4% and net rooms growth of 4-5%. The company expects full-year 2025 adjusted EBITDA between $5,295-$5,435 million and adjusted EPS of $9.82-$10.19.
Marriott International has been recognized among FORTUNE Magazine's World's Most Admired Companies, maintaining its presence on the list since 1998. The company ranked first in the Hotels, Casinos, and Resorts category and placed 13th overall in this year's ranking.
The recognition follows other accolades, including FORTUNE and Great Place to Work's 100 Best Companies to Work For in 2024. Marriott's success is attributed to its people-first culture, highlighted by the launch of its 'Be' brand in 2023, which focuses on talent development and inclusivity.
Notable achievements include:
- Over 3.4 million associate volunteer hours in local communities worldwide in 2024
- 14.8 million total volunteer hours reported since 2016
- Training of more than 1.4 million associates in human trafficking awareness since 2016
- 2.2 million completions of trafficking awareness training by external hospitality professionals
The Ritz-Carlton, Naples has achieved LEED Silver Certification from the U.S. Green Building Council for its Vanderbilt Tower. The certification highlights the resort's commitment to environmental sustainability through various initiatives including sustainable site development, water savings, and energy efficiency.
The mixed-use Vanderbilt Tower features new Ocean View guest rooms and suites, the Mediterranean restaurant Sofra, and the largest Ritz-Carlton Club Lounge in North America. The property has also earned a 'Three Palm' designation under Florida's Green initiative for its conservation efforts.
The resort implements various sustainability measures including carbon offset options for event planners, waste reduction initiatives, and water conservation practices. Notable features include refillable bathroom dispensers to reduce plastic waste, optional reduced laundry services, and in-room recycling containers. The property also offers a Ritz Kids program in partnership with the Conservancy of Southwest Florida to promote environmental awareness.
Marriott International (MAR) reported exceptional growth in 2024, achieving 6.8% net rooms growth and record 123,000 gross room openings. The company signed over 1,200 deals (averaging 3 per day) representing nearly 162,000 rooms globally, with 34% coming from conversions.
Key highlights include strengthening its luxury portfolio with 658 properties across 74 countries, signing 61 luxury hotel deals, and expanding its affordable midscale segment through City Express by Marriott and StudioRes brands. The company's branded residences portfolio generated $2.1B in sales revenue, nearly double the previous year.
Marriott ended 2024 with over 9,300 properties across 144 countries and territories, including significant growth in all regions: U.S. & Canada (6,307 properties), APEC (record 109 deals), Greater China (record 161 deals), CALA (183 properties in pipeline), and EMEA (596 properties in pipeline). The company also expanded into outdoor lodging through Postcard Cabins acquisition and partnership with Trailborn.
Marriott International announced expansion plans for its City Express by Marriott brand into four new markets across the Caribbean and Latin America region: Argentina, Bolivia, Nicaragua, and Peru. The brand, which currently operates 153 hotels with 17,777 rooms in the CALA region, signed 12 new hotels (1,236 rooms) in 2024.
Eight new properties are expected to open over the next three years, including two hotels in Argentina (Iguazu and Añelo Neuquén), one in Bolivia (Santa Cruz), three in Nicaragua (Managua, Estelí, and Leon), and two in Peru (dual-brand property in Casma). These additions complement the brand's existing presence in Mexico, Chile, Colombia, and Costa Rica, following Marriott's acquisition of the City Express brand portfolio in 2023.
Marriott International (Nasdaq: MAR) has announced it will release its fourth quarter 2024 earnings results on Tuesday, February 11, 2025, at approximately 7:00 a.m. ET. The company will host a conference call at 8:30 a.m. ET the same day, featuring President and CEO Anthony Capuano and CFO Leeny Oberg discussing company performance.
The call will be accessible via webcast on Marriott's investor relations website, with replay and transcript availability. Dial-in options include US Toll Free: 800-274-8461 or Global: +1 203-518-9814 using conference ID MAR4Q24. A telephone replay will be available from February 11 to February 18, 2025.
Marriott operates a portfolio of nearly 9,100 properties across more than 30 brands in 142 countries and territories, offering the Marriott Bonvoy® travel program.
Marriott International (NASDAQ: MAR) has elected Sean Tresvant, CEO of Taco Bell Corp., as an independent director effective February 12, 2025. Tresvant will be included in the company's slate of nominees for the 2025 annual meeting of stockholders.
As Taco Bell's CEO, Tresvant has led significant company transformations, expanding domestic and international presence, increasing brand awareness through initiatives like Taco Bell's Taco Tuesday, and growing in-store and digital sales. Prior to Taco Bell, he spent over 15 years at Nike, ultimately serving as Chief Marketing Officer for the Jordan Brand.
With Tresvant's election, Marriott's board will expand to 13 directors, with 10 being independent. His appointment brings expertise in growth strategies, franchise operations, and brand development to Marriott's leadership structure.
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