Marriott International Announces the Addition of Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive, its 500th Property in the Caribbean and Latin America

Rhea-AI Summary

Marriott International (NASDAQ: MAR) announced the opening of its 500th property in the Caribbean and Latin America region with the Almare, a Luxury Collection Resort in Isla Mujeres, Mexico. This adults-only, all-inclusive luxury resort marks Marriott's first luxury all-inclusive property in Mexico and features 109 ocean-view suites, seven dining venues, and a spa. The milestone highlights Marriott's significant regional growth from 300 to 500 properties in three years, with approximately 10% of its global luxury portfolio now in CALA. The company plans further expansion with upcoming properties including Paraiso de la Bonita in Mexico and W Punta Cana in Dominican Republic.

Positive

• Reached significant milestone of 500 properties in Caribbean and Latin America
• 67% portfolio growth in CALA region over three years (from 300 to 500 properties)
• Expansion into luxury all-inclusive segment with first such property in Mexico
• Strategic growth in high-demand market of Isla Mujeres

Negative

• None.

Insights

Market Research Analyst

Marriott's 500th property milestone in CALA showcases impressive regional expansion, growing from 300 to 500 properties in just three years. The new Almare luxury all-inclusive resort represents a strategic move into high-margin segments. The company's focus on luxury and all-inclusive properties in Mexico aligns with increasing consumer demand for upscale experiences.

The expansion demonstrates strong market positioning, with 10% of Marriott's global luxury portfolio now in CALA. With 35 all-inclusive properties since entering the segment in 2019 and more luxury properties planned through 2025, this growth trajectory indicates robust revenue potential. The adults-only format and luxury positioning should command premium pricing, while Marriott Bonvoy integration provides additional revenue streams through loyalty program engagement.

This milestone addition in Mexico reaffirms Marriott's ongoing growth in the Caribbean and Latin America region and its continued expansion in the luxury segment.

PLANTATION, Fla., Oct. 28, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR), the largest hotel company and leader globally and in the Caribbean and Latin America (CALA), announced today the opening of its 500^th property in the region. The Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive embodies Marriott's commitment to elevating the all-inclusive segment and bringing unparalleled luxury experiences to one of the world's most sought-after destinations.

"The debut of Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive as our 500^th property in CALA marks a decisive moment in our expansion, as it demonstrates our continuing commitment to evolve and adapt to meet the needs of discerning travelers to the Caribbean and Latin America," said Brian King, President, CALA, Marriott International. "This exceptional property marks Marriott's first luxury all-inclusive resort in Mexico, expands our Luxury Collection brand to a fourth property in the country, and strengthens our presence in the high-demand market of Isla Mujeres."

This milestone opening underscores Marriott's robust growth strategy and continued expansion in CALA, particularly in the luxury and all-inclusive segments. In the past three years, Marriott's CALA portfolio has grown from 300 properties to 500 properties in the region, and approximately 10% of Marriott International's global luxury portfolio is located in the region.

This resort also marks the 62^nd luxury property in the region for the Luxury Group by Marriott International - which encompasses the unrivaled portfolio of seven hotel brands including The Ritz-Carlton, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels. Other anticipated luxury all-inclusive additions in the region include Paraiso de la Bonita, a Luxury Collection All-Inclusive Resort in Mexico, planned for Q1 2025, and W Punta Cana in the Dominican Republic, expected in Q2 2025.

Since entering the all-inclusive segment in 2019, Marriott has continued to expand in the space and offer authentic, immersive luxury and premium stays that meet the needs of sophisticated travelers. As the company's 35^th all-inclusive property, Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive offers guests an idyllic and enriching escape on the pristine shores of Isla Mujeres, Mexico.

This adults-only oasis boasts 109 elegantly appointed suites, each featuring breathtaking ocean views, private balconies, and luxurious amenities. Guests can indulge in an epicurean journey across seven distinct dining venues and bars, unwind at the serene Alma spa, or relax by the sparkling infinity pool overlooking the Caribbean Sea.

Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive is available for booking on Marriott.com and will participate in Marriott Bonvoy^® – the company's award-winning travel program – allowing members to earn and redeem points for their stays at this hotel, and at other hotels and resorts across Marriott Bonvoy's extraordinary portfolio of more than 30 brands.

NOTE ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to expected hotel openings; our growth results, growth strategy and expansion plans; 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 U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report 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. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of approximately 9,000 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel program.  For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

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SOURCE Marriott International, Inc.

FAQ

What is Marriott's (MAR) 500th property in Caribbean and Latin America?

Almare, a Luxury Collection Resort in Isla Mujeres, Mexico, is Marriott's 500th property in the Caribbean and Latin America region. It's an adults-only, all-inclusive luxury resort.

How many properties does Marriott (MAR) have in Caribbean and Latin America as of October 2024?

Marriott International has 500 properties in the Caribbean and Latin America region, growing from 300 properties in the past three years.

What new luxury properties is Marriott (MAR) planning to open in 2025?

Marriott plans to open Paraiso de la Bonita, a Luxury Collection All-Inclusive Resort in Mexico (Q1 2025) and W Punta Cana in the Dominican Republic (Q2 2025).