Welcome to our dedicated page for Marriott Intl news (Ticker: MAR), a resource for investors and traders seeking the latest updates and insights on Marriott Intl stock.
Marriott International, Inc. (NASDAQ: MAR) is a global hospitality company based in Bethesda, Maryland, USA, with a portfolio that includes thousands of properties under more than 30 brands in over 100 countries and territories. The MAR news page on Stock Titan aggregates company announcements, brand updates, financial communications, and other disclosures so investors and observers can see how Marriott’s strategy and operations are evolving.
Recent news highlights Marriott’s activity across luxury, lifestyle, and residential segments. The Ritz-Carlton Hotel Company, a wholly owned subsidiary of Marriott, features prominently, with announcements about The Ritz-Carlton Yacht Collection’s expanding fleet, including the debut of the superyacht Ilma with suites featuring private terraces, multiple dining venues, and itineraries in the Mediterranean, Caribbean, and Northern Europe. Other releases showcase destination-specific programming such as new Signature Experiences at The Ritz-Carlton, Amelia Island, which focus on culinary, wellness, and nature-based activities guided by local experts.
Investors following MAR news will also see corporate and capital markets updates. Marriott issues releases about upcoming earnings announcements, leadership changes across regions such as the U.S., Canada, CALA, and EMEA, and strategic realignments designed to support portfolio growth and owner relationships. Additional items cover topics like branded residential expansion in Europe, the Middle East and Africa, and updates on licensing relationships.
Because Marriott’s ecosystem includes brands such as The Ritz-Carlton and Design Hotels, the news flow also covers design-led independent hotels, fashion and lifestyle collaborations, and growth in branded residences. Bookmark this page to review Marriott’s earnings dates, leadership announcements, brand developments, and other company communications in one place.
Marriott Bonvoy and Starbucks have announced a new collaboration to offer enhanced benefits to their loyalty members. Starting June 18, 2024, U.S. members who link their Marriott Bonvoy and Starbucks Rewards accounts can earn points and stars for free stays and beverages. This partnership includes earning Double Stars on qualifying transactions during hotel stays and 100 Marriott Bonvoy points for making three qualifying purchases during designated Marriott Bonvoy Weeks. The collaboration also introduces exclusive coffee- and travel-themed experiences through Marriott Bonvoy Moments. Additionally, members can participate in a sweepstakes to win trips and other prizes.
Marriott International announced plans to incorporate three iconic luxury properties into its Marriott Bonvoy portfolio this summer. The properties include The Resort at Pelican Hill in Newport Beach, CA, Turtle Bay Resort in O'ahu, HI, and a luxury hotel in Midtown Manhattan, NYC. This move adds over 1,000 rooms to Marriott's system, enhancing its luxury segment. The New York property will join on June 5, Pelican Hill on July 1, and Turtle Bay Resort later this summer. These additions bring Marriott's global luxury distribution to over 510 hotels, with another 234 in the pipeline. The company aims to strengthen its leadership in the luxury market, offering best-in-class service and experiences to guests.
Nujuma, a Ritz-Carlton Reserve, debuts in the Middle East on Ummahat Island in the Red Sea, Saudi Arabia. This private island retreat offers an immersive escape into Saudi Arabian culture and the Red Sea's natural beauty.
The resort, designed by Foster & Partners, features 63 villas with private pools, panoramic sea views, and personalized services. It includes five unique dining experiences inspired by local traditions, a spa focusing on holistic wellness, and activities exploring the island's rich ecosystems.
Guests can enjoy snorkeling, scuba diving, and guided desert trails. The resort emphasizes sustainability and cultural heritage, offering activities led by local experts.
Nujuma aims to provide a luxurious, transformative experience, blending exploration and relaxation.
Marriott International's CFO and EVP, Leeny Oberg, will speak at the 2024 Morgan Stanley Travel and Leisure Conference on June 4 at 9:45 a.m. ET. The speech will be webcast live and accessible through Marriott's investor website. The recording will remain available until August 30, 2024. Marriott, a global hospitality company, operates nearly 8,900 properties across over 30 brands in 141 countries. The company offers the Marriott Bonvoy travel program. For more details, visit Marriott's website and news center.
World-renowned tennis coach Patrick Mouratoglou has partnered with The Ritz-Carlton Naples, Tiburón to open his first signature tennis center in Florida. Scheduled to launch in early summer 2024, the Mouratoglou Tennis Center will offer various training camps, private lessons, leagues, and retreats for resort guests and members. Located three miles from the Gulf of Mexico, the resort offers a luxury experience with two championship golf courses, a spa, and unique dining options. The center will feature four outdoor courts and programs for all ages and skill levels, using Mouratoglou's personalized coaching methodology. This move is part of Mouratoglou's global expansion, adding to his centers in Dubai, Greece, Malaysia, Italy, China, and New York. The Ritz-Carlton Naples, Tiburón, known for its exceptional service and facilities, aligns perfectly with Mouratoglou's vision.
On May 2, 2024, EDITION Hotels opened The Jeddah EDITION in Saudi Arabia, marking its 20th global outpost and first in the region. This opening aligns with Saudi Arabia's Vision 2030, emphasizing economic and societal diversification.
Located on the Jeddah Corniche, this luxury urban resort features 52 rooms, 11 suites, a rooftop terrace, a pool, a spa, and a gym. It also includes a signature restaurant by chef Cédric Vongerichten and various art installations. The hotel aims to blend Eastern traditions with Western innovation, offering unparalleled hospitality in the region.
This venture is a collaborative effort between Marriott International, EDITION Hotels, Yabu Pushelberg, and Sela, led by Dr. Rakan Al Harthi. The hotel underscores Saudi Arabia's evolving luxury standards and aims to redefine hospitality in the region.
Marriott International invites travelers to explore Santo Domingo, Dominican Republic. The city offers a blend of historical and modern attractions, including the Renaissance Santo Domingo Jaragua Hotel & Casino, JW Marriott Hotel Santo Domingo, and Courtyard Santo Domingo. The Renaissance hotel features 300 guest rooms, vibrant dining options, a fitness center, and a spa. Guest can enjoy the Chef's Table by Executive Chef Luis Ortiz. The JW Marriott provides personalized experiences with its sophisticated amenities, including the Vertygo 101 Lounge & Bar and a rooftop pool. The Courtyard Santo Domingo caters to both business and leisure travelers with its fresh design, local art, and authentic Dominican cuisine. For more information, visit Marriott's website.
Marriott International, Inc. (Nasdaq: MAR) announced a 21% increase in its quarterly cash dividend, raising it to 63 cents per share from 52 cents. The dividend is payable on June 28, 2024, to shareholders of record on May 24, 2024. The company attributes the raise to its earnings growth and strong cash generation.
KKR and Marriott International are launching a midscale hospitality segment in Japan with Four Points Express by Sheraton. KKR acquired Unizo Hotel Company, and 14 hotels in Japan, which will be converted to Four Points Express by Sheraton, marking Marriott's entry into the affordable midscale segment in Japan. The hotels are located in major tourist destinations, adding over 3,600 rooms. Four Points Express by Sheraton will provide value-conscious consumers with a reliable and convenient hotel experience. The collaboration aims to meet the growing demand for affordable accommodation in the region.
Marriott International (MAR) reported strong first quarter 2024 results with a 4.2% increase in RevPAR globally, 1.5% in the U.S. & Canada, and 11.1% in international markets. Reported diluted EPS was $1.93, adjusted diluted EPS was $2.13. The company added 46,000 net rooms and raised full-year earnings guidance, expecting to return $4.2-$4.4 billion to shareholders in 2024.