Marriott Intl Inc Stock Price, News & Analysis

Marriott International has partnered with Gulf Islamic Investments to launch The Lucan, Autograph Collection Residences in Chelsea, London, with completion anticipated in 2024. This project marks the first standalone Autograph Collection Residences globally, featuring 31 luxury homes in a prime location. The residences will offer upscale amenities including a state-of-the-art gym, concierge services, and collaborative experiences with top local chefs. Marriott's residential portfolio continues to expand, with a projected growth of 60% by 2025, reinforcing its leadership in the branded residential segment.

The Ritz-Carlton New York, NoMad, opened on July 26, 2022, in Manhattan, featuring modern luxury and exceptional service. The hotel, developed by Flag Luxury Group, stands 500 feet tall with 250 rooms, including 19 suites and 16 penthouses. Dining options include Zaytinya and rooftop bar Nubeluz, both helmed by Michelin-starred Chef José Andrés. The hotel houses a spa, fitness center, and over 10,000 square feet of meeting space. It signifies an evolution of the Ritz-Carlton brand, aiming to enhance guest experiences in a vibrant community.

Marriott Bonvoy and American Express have enhanced the Marriott Bonvoy Business American Express Card for small business owners, effective July 21, 2022. Key updates include a 7% room rate discount on eligible bookings, 4X points at restaurants worldwide, and complimentary Gold Elite status, all while maintaining the $125 annual fee. New Card Members can earn 125,000 points after spending $5,000 within three months, available until August 31, 2022. This move responds to a strong interest from small business leaders for discounted travel options, as shown in a recent survey.

Marriott International (Nasdaq: MAR) will announce its second quarter 2022 earnings results on August 2, 2022, at 7 a.m. EST. A conference call for investors will follow at 8:30 a.m. EST, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing performance details. The conference call can be accessed via Marriott's investor relations website. A replay will be available until August 9, 2022. Marriott operates over 8,000 properties in 139 countries.

Marriott International has launched a $50 million program named "Marriott's Bridging The Gap" aimed at increasing hotel ownership among historically underrepresented groups like Black, Hispanic/Latino, Native American/First Nation, and women in North America. Announced at the 44th Annual NYU International Hospitality Investment Conference, the initiative will provide financial incentives for new franchise applications submitted after June 1, 2022. Over three years, it’s projected that cumulative development projects will achieve a total asset value of up to $1 billion.

The Ritz-Carlton has officially opened its doors in Amman, Jordan, introducing a new standard of luxury hospitality. Located in the Fifth Circle, the hotel features 228 rooms, including 34 suites, designed to reflect Jordan's rich culture and history. Guests can enjoy diverse dining options, including the Italian restaurant Roberto's, and extensive facilities for corporate and leisure travelers, such as a Grand Ballroom and a full-service spa. According to the management, this opening marks a significant milestone, redefining luxury and hospitality in the region.

On June 1, 2022, Marriott International announced that CEO Anthony Capuano will speak at the 2022 Goldman Sachs Travel and Leisure Conference on June 7 at approximately 9:20 a.m. ET. The remarks will be available via a live webcast. Interested parties can access the webcast through the Marriott investor relations page and it will be available until August 30, 2022. Marriott operates over 8,000 properties worldwide, providing a diverse portfolio of accommodations under various brands, along with their travel program, Marriott Bonvoy®.

Marriott International (NASDAQ: MAR) has partnered with Ant Group to enhance its digital operations in China by offering Alipay members exclusive benefits when signing up for the Marriott Bonvoy Rewards Program. This initiative aims to expand Marriott's customer base, building on its previous success of enrolling over 10 million members since 2017. The collaboration will focus on improving consumer experience and providing innovative offerings, particularly for high-net-worth clients. New benefits include digital coupons and reduced costs for meals at select Marriott hotels.