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.
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Marriott International reports strong growth in the Caribbean and Latin America region in 2023, doubling deal signings and adding over 170 properties. The company nearly doubled its number of organic deal signings, reaching a solid pipeline of 24,000 rooms. Marriott now has nearly 500 properties and almost 87,000 rooms across 37 countries, making it the largest hotel company in the region. The company focused on luxury, all-inclusive, conversions, and branded residences, with notable openings and expansions in various segments. Marriott Bonvoy program also saw significant growth with over 6 million members and strategic partnerships.
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Marriott International, Inc. (MAR) reported strong fourth quarter and full year 2023 results, with notable increases in RevPAR, net income, adjusted EBITDA, and global development. The company repurchased shares, returned billions to shareholders, and outlined a positive outlook for 2024.
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Marriott International, Inc. (MAR) has declared a quarterly cash dividend of 52 cents per share of common stock. The dividend is payable on March 29, 2024, to shareholders of record as of the close of business on February 22, 2024. The company operates and franchises hotels, licenses vacation ownership resorts, and offers the Marriott Bonvoy travel program. With nearly 8,800 properties across more than 30 leading brands in 139 countries and territories, Marriott International is a significant player in the global hospitality industry.
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The Ritz-Carlton Dallas, Las Colinas has opened its doors after a $55 million renovation, offering modern luxury and a fresh take on the historical roots of the resort. The property features updated guest rooms, meeting spaces, and state-of-the-art ballroom facilities, spanning 80,000 square feet. Situated on 400 acres, the hotel is surrounded by natural beauty, boasting two 18-hole golf courses and the esteemed certification of an Audubon Cooperative Sanctuary. The property also offers access to The Nelson Sports and Golf Club, with expansive recreational facilities. Upcoming enhancements include the opening of Knife Italian, Campo Coffee & Provisions, and the transformation of the on-site salon and spa into The Ritz-Carlton Spa®. The resort pool is also undergoing a complete reimagination, featuring luxury cabanas, expanded seating, and a new poolside bar. The Ritz-Carlton Club® will open in February 2024, offering highly personalized experiences, culinary presentations, and invite-only cultural events.
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Marriott International, Inc. (MAR) has announced plans to expand its Apartments by Marriott Bonvoy brand offering with development agreements in the United States, Italy, and Saudi Arabia. The company has opened its first property in Puerto Rico and expects to continue growing its presence around the world through 2024. The new properties will offer residential and hotel developers an excellent value proposition for new builds and conversion opportunities, providing guests with private bedrooms, a separate living room, full kitchen, and in-unit washer and dryer to make them feel right at home.
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Marriott International and Delonix Group announced a collaboration to grow Marriott's Tribute Portfolio brand in mainland China. The collaboration includes the opportunity to affiliate over 100 full-service Delonix hotels with Marriott's Tribute Portfolio. The Delonix portfolio currently includes ten hotel brands with over 1,400 hotels open or in the development pipeline. Through this collaboration, Marriott International will franchise its Tribute Portfolio brand in connection with selected Grand New Century and other premium brand hotels managed by Delonix Group. The parties anticipate that at least 100 properties could become part of the Tribute Portfolio over the coming years, and the hotels are expected to be available for booking through both companies' direct booking channels and to participate in the parties' respective loyalty programs.
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Marriott International, Inc. announced record global signings in 2023, with 52% more organic rooms signed than in 2022. The company achieved 4.7% net rooms growth, signed a record number of organic management and franchise agreements, and saw robust signings growth outside of the U.S. & Canada. The global development pipeline ended 2023 at a record 573,000 rooms, an increase of 15% from the previous year. Marriott's worldwide system consisted of nearly 8,800 properties and more than 1,597,000 rooms in 139 countries and territories. The company added over 400 properties and nearly 64,000 organic gross rooms in 2023, and completed the acquisition of the City Express brand portfolio, adding 150 properties and approximately 17,500 rooms.
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Marriott International, Inc. celebrates the groundbreaking of its inaugural StudioRes brand hotel in Fort Myers, Florida. The brand is an affordable midscale extended stay option in the U.S. & Canada, with plans to open around 50 properties in major cities. The StudioRes prototype is expected to be Marriott's most affordable cost-per-key product to develop and build, offering fully furnished studio rooms with kitchen and queen beds. The groundbreaking ceremony included senior leaders from Marriott, Concord Hospitality, and Whitman Peterson. Concord Hospitality has a successful history of collaboration with Marriott and operates nearly 80 properties within the company's portfolio.
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Marriott International, Inc. (MAR) will report fourth quarter 2023 earnings results on February 13, 2024. The company's President and CEO, Anthony Capuano, and CFO Leeny Oberg will discuss performance. The call will be webcast and a replay will be available. Marriott operates nearly 8,700 properties across 139 countries and territories.
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The Ritz-Carlton Yacht Collection (RCYC) unveils summer 2025 itineraries for its fleet, Evrima, Ilma, and Luminara, marking an exciting moment as the company opens bookings for the inaugural season of its third superyacht. Luminara, measuring 794 feet, will accommodate up to 452 guests and embody contemporary craftsmanship and refined interior finishes. The 2025 summer season presents a curated selection of 53 itineraries, featuring new ports of call and standout shore excursions, including nine exclusive voyages aboard Ilma in Northern Europe.
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