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 has launched a pilot program for contactless arrival kiosks at select hotels and a proof-of-concept for grab-and-go marketplaces at two locations. These initiatives aim to enhance traveler confidence by integrating technology within the company's Commitment to Clean program. The pilot kiosks, located in New York and Louisiana, allow guests to check in with minimal contact, while the marketplaces provide convenient access to food and beverages. Marriott's focus on contactless services responds to increasing consumer demand for safety and convenience in travel.
W Hotels Worldwide has launched its first hotel in Japan, the W Osaka, located on Midosuji Boulevard. This luxury hotel features a striking black monolith façade and colorful interiors designed by renowned architect Tadao Ando and the design studio concrete. The hotel offers 337 guestrooms, unique dining experiences, and a variety of amenities, aiming to cater to both international travelers and locals. With its vibrant atmosphere, W Osaka is poised to transform the local hospitality scene.
Marriott International marked significant milestones in its Marriott Bonvoy portfolio by opening the 200th Autograph Collection hotel, 50th Tribute Portfolio hotel, and preparing to launch the 120th Luxury Collection hotel. In 2021, the company plans to expand these brands to nearly 70 new locations globally, including 24 new market entries. The unique offerings cater to travelers seeking individualized experiences, with a notable interest in independent properties that showcase local culture. Recent trends show a marked increase in consumer interest for boutique and luxury hotels.
Marriott International (NASDAQ: MAR) has elected David Marriott and Horacio Rozanski to its Board of Directors, effective March 15, 2021. This expansion brings the board to 13 members, with nine being independent. David Marriott will step down as President, U.S. Full Service Managed by Marriott by the end of April, as he is anticipated to assume the role of Chairman of the Board in 2022. Both new members are noted for their extensive experience, which the company seeks to leverage for recovery from the COVID-19 pandemic.
Marriott International announced that Leeny Oberg, CFO, will present at the 2021 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 12, 2021, at 10:15 a.m. ET. The event will be available via live webcast on the company's investor relations site. This webcast will remain accessible until April 11, 2021. Marriott, based in Bethesda, Maryland, operates over 7,600 properties across 30 brands worldwide, offering the Marriott Bonvoy™ travel program. For further details, visit www.marriott.com/investor.
Marriott Bonvoy's longer stay brands, including Element Hotels, Residence Inn, and TownePlace Suites, announced new openings, enhancing options for travelers. The initiative aims to offer spacious and comfortable extended stays, emphasizing amenities like in-room kitchens and business centers. With nearly 1,400 hotels globally, these brands represent 30% of the extended stay market, supported by a pipeline of 575 additional properties. Promotions include savings for extended stays and grocery gift cards for longer bookings. This strategy targets travelers blending business and leisure.
The new Austin Marriott Downtown opens, aiming to enhance hospitality in downtown Austin with modern design and amenities, inspired by local culture. This 31-story hotel features 613 guest rooms, including 25 suites, maximizing views of the city and Lady Bird Lake. Notable dining options include Zanzibar, a rooftop bar, and Corinne, a restaurant serving regional classics. The hotel offers 60,000 square feet of flexible meeting space, adhering to health safety protocols. A grand opening offer includes 15% off room rates through May 30.
Marriott International (NASDAQ: MAR) announced the launch of its Vaccination Care Program, incentivizing U.S. and Canadian associates at managed properties with a four-hour pay equivalent for COVID-19 vaccinations. The initiative aims to promote vaccination among employees and alleviate barriers to getting vaccinated. While vaccination is encouraged, it is not mandatory. The company believes that widespread vaccination, alongside stringent health protocols, will bolster consumer confidence in travel, aiding the industry's recovery.
The J. Willard and Alice S. Marriott Foundation, alongside Howard University, has established the Marriott-Sorenson Center for Hospitality Leadership in honor of late CEO Arne Sorenson. This initiative is supported by a $20 million endowment from the foundation and aims to cultivate diverse leadership in the hospitality industry. Additionally, the Arne M. Sorenson Hospitality Fund has been created with an initial $1 million donation from Marriott, inviting further contributions to enhance educational and career opportunities for students at Howard University.
Marriott International has appointed Anthony Capuano as CEO and Stephanie Linnartz as President, following the passing of former CEO Arne Sorenson on February 15, 2021. Capuano, who was previously Group President of Global Development, has contributed significantly to Marriott's expansion, growing its portfolio from over 3,200 to more than 7,600 properties from 2009 to 2020. Linnartz, former Group President of Consumer Operations, will spearhead marketing and customer engagement strategies. Together, they aim to navigate the challenges posed by the COVID-19 pandemic and drive future growth.
