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 (MAR) is a global hospitality leader operating iconic hotel brands across 140+ countries. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic partnerships, and market performance.
Access official press releases, earnings reports, and analysis of MAR's asset-light business model, including franchise expansions and Marriott Bonvoy loyalty program enhancements. Our curated collection simplifies tracking of operational milestones across luxury, premium, and select-service hotel categories.
Discover updates on leadership changes, sustainability initiatives, and international market entries that shape MAR's position in the competitive lodging sector. Bookmark this page for streamlined monitoring of financial disclosures and brand portfolio developments critical to informed hospitality industry analysis.
Marriott International (NASDAQ: MAR) reported strong growth in 2021, adding over 86,000 rooms and achieving a 3.9% increase in its system. By year-end, it operated nearly 8,000 properties globally, with 485,000 rooms in the pipeline. The company signed 599 agreements representing 92,000 rooms, predominantly outside the U.S. and Canada. Marriott's luxury segment expanded with 40 hotel deals, and its all-inclusive resort portfolio grew by 22 agreements. The extended stay segment flourished, accounting for 37% of room signings in North America. Marriott remains optimistic about future growth despite ongoing pandemic challenges.
The Luxury Collection Hotels & Resorts, part of Marriott Bonvoy, has opened The Tasman in Hobart, marking the brand's debut in Australia. This hotel features 152 guest rooms blending Georgian, Art Deco, and contemporary designs. Located near Salamanca Markets and historic Sullivan's Cove, it emphasizes local cuisine through its signature restaurant Peppina, run by Chef Massimo Mele. The hotel offers over 769 square meters of meeting space and aims to redefine Tasmania as a premier destination for travelers.
The Luxury Collection, part of Marriott Bonvoy, has appointed Caroline de Maigret as its new Global Explorer. This role features her collaboration on a guidebook, A Night in Seville and the Morning After, showcasing top travel experiences in Seville and launching alongside the new Hotel Santo Mauro in Madrid. The guide and a series of digital city guides will celebrate European destinations. The initiative aims to engage cultural voices and enhance travel experiences.
Marriott International announced plans to debut over 30 luxury hotels in 2022, enhancing its portfolio of luxury brands. With more than 460 luxury hotels across 68 countries, the company is set to expand further, targeting iconic and emerging destinations from Mexico to South Korea. Senior VP Chris Gabaldon noted a trend towards deeper, more immersive travel experiences among affluent travelers, reflecting a shift in priorities post-pandemic. The Ritz-Carlton and St. Regis brands are among those expected to lead this expansion, alongside other luxury offerings.
The Westin Galleria Houston and The Westin Oaks Houston have unveiled transformed event spaces, boasting over 90,000 square feet for events accommodating up to 1,200 guests. Located in Houston's Galleria mall, these hotels focus on customer service and offer a range of customizable cuisine and personalized solutions. The venues feature a mix of modern and classic aesthetics and elevated cleanliness standards according to Marriott's protocols. Guests can enjoy redesigned rooms, fitness facilities, and a commitment to wellness.
On November 22, 2021, Marriott International's CEO, Anthony Capuano, announced his participation at the 2021 Morgan Stanley Virtual Global Consumer & Retail Conference on December 1. His remarks are scheduled for 2:25 p.m. Eastern Time and will be available via live webcast. To access the webcast, visit marriott.com/investor. The recorded webcast will be accessible until January 1, 2022.
On November 15, 2021, JW Marriott Orlando Bonnet Creek Resort & Spa launched its new Family Suites, designed to enhance family bonding during stays. Each suite accommodates up to nine guests, featuring two bedrooms, kid-friendly loft beds, and amenities that promote restful sleep. The suites are part of JW Marriott's Family by JW programming, responding to rising demand for larger family accommodations near Walt Disney World. Rates for the suites start at $999, with an exclusive 'Sleepy Snack' menu aimed at improving sleep quality for both children and adults.
Marriott Bonvoy® has announced that The Ritz-Carlton Yacht Collection will officially join its travel program starting November 9, 2021. This addition allows Marriott Bonvoy members to earn and redeem points for luxury voyages beginning May 6, 2022. Members can earn five points per $1 spent on cruise fares and enjoy various elite benefits, such as an exclusive reception upon boarding. The Ritz-Carlton Yacht Collection enhances the program's offerings, which currently includes over 30 hotel brands and 7,900 properties worldwide.
In Q3 2021, Marriott International (NASDAQ: MAR) reported a 118.4% increase in comparable systemwide constant dollar RevPAR worldwide compared to Q3 2020, with the U.S. & Canada seeing a 134.7% increase. However, RevPAR fell 25.8% globally compared to Q3 2019. Net income rose to $220 million from $100 million a year earlier, with adjusted diluted EPS increasing to $0.99. The company added approximately 17,500 rooms, growing its development pipeline to 2,769 properties worldwide. Marriott expects a 3.5% net room growth for 2021.
The Ritz-Carlton Hotel Company announces the opening of The Ritz-Carlton, Mexico City, enhancing the city’s skyline. Located on the Paseo de Reforma, the hotel features 153 guest accommodations and offers stunning views of Chapultepec Park. Designed with a cultural lens, the hotel pays tribute to notable Mexican artists and incorporates traditional elements into its decor. Guests can explore culinary experiences at the 38th-floor restaurant Samos, and enjoy amenities like The Ritz-Carlton Spa and Club Lounge. This opening strengthens Marriott's portfolio in vibrant markets.
