Marriott International(MAR)

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Marriott International Named One of FORTUNE's World's Most Admired Companies
Prnewswire· 2025-02-03 14:00
BETHESDA, Md., Feb. 3, 2025 /PRNewswire/ -- Marriott International today announced it has once again been named among FORTUNE Magazine's World's Most Admired Companies. The company has appeared on Fortune's Most Admired Companies' list consecutively since its inception in 1998. Marriott was named number one in the Hotels, Casinos, and Resorts category and placed number 13 in this year's ranking overall. Marriott International Named One of FORTUNE’s World’s Most Admired Companies Fortune's annual ranking ...
THE RITZ-CARLTON, NAPLES EARNS PRESTIGIOUS LEED SILVER CERTIFICATION
Prnewswire· 2025-01-28 22:06
Core Points - The Ritz-Carlton, Naples has achieved LEED Silver Certification for its Vanderbilt Tower, highlighting its commitment to sustainability and environmental stewardship in the hospitality industry [1][3][4] - The resort's transformation included the addition of Ocean View guest rooms, the Mediterranean restaurant Sofra, and the largest Club Lounge in North America for the Ritz-Carlton brand [1][6] - The certification was obtained through strategies focused on sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality [3][4] Company Overview - The Ritz-Carlton, Naples offers 474 guest rooms and suites with views of the Gulf of Mexico, and features amenities such as a 51,000 square-foot spa and multiple dining options [6] - The resort has received multiple accolades, including the AAA Five-Diamond award and recognitions from Travel + Leisure and Condé Nast Traveler magazines [6] - The Ritz-Carlton Hotel Company operates over 100 hotels and 45 residential properties globally, and is a subsidiary of Marriott International, Inc. [7]
Marriott International Celebrates Outstanding Development Year With 6.8% Net Rooms Growth and Record Number of Gross Openings in 2024
Prnewswire· 2025-01-28 15:35
Core Insights - Marriott International achieved record growth in 2024, with 123,000 gross room openings and a net rooms growth of 6.8%, ending the year with 3,766 properties and 577,265 rooms in the development pipeline [1][3][4] Development Highlights - The company signed over 1,200 deals in 2024, averaging more than 3 deals per day, representing nearly 162,000 rooms globally [4] - 34% of the room signings in 2024 were from conversion opportunities, showcasing strong momentum in this area [4] Luxury Segment Growth - Marriott's luxury portfolio now includes 658 hotels and resorts across 74 countries, with 61 new deals signed in 2024, resulting in 266 luxury properties in the pipeline [6] - Notable openings included W Prague and The St. Regis on the Bund, Shanghai, marking significant brand expansions [6] Affordable Midscale Segment Expansion - Marriott strengthened its presence in the affordable midscale segment, with City Express by Marriott planning expansions into multiple Latin American countries and a debut in the U.S. and Canada [7] - The brand currently has 153 open properties and 53 in the pipeline, while StudioRes celebrated its first groundbreaking [7] Branded Residential Portfolio Growth - Marriott's branded residences portfolio grew by over 50% since 2019, closing 2024 with 142 open locations and a pipeline of 138 [8] - The portfolio generated $2.1 billion in residential sales revenue for third-party developers in 2024, nearly double the previous year's total [8] Non-Traditional Hospitality Offerings - The company announced its entry into outdoor-focused lodging with the acquisition of Postcard Cabins and a long-term agreement with Trailborn [10][11] - This expansion aims to provide more choices in traditional and alternative accommodations for guests [11] Regional Growth Highlights - In the U.S. and Canada, Marriott's portfolio totaled over 1 million open rooms across 6,307 properties, with nearly 263,000 rooms in the pipeline [13] - The APEC region saw record signings of 109 deals, representing 21,439 rooms, with a 12% increase in the pipeline [14] - Greater China had 463 properties in the pipeline, with 161 deals signed in 2024, marking significant growth [15] - The CALA region closed the year with 183 properties in the pipeline, a 15% increase from the previous year [16] - EMEA region's pipeline grew to 596 properties, with 291 deals signed, representing a 10% increase [17]
City Express by Marriott Set to Expand into New Countries Across the Caribbean and Latin America
Prnewswire· 2025-01-23 14:00
Core Insights - Marriott International is expanding its City Express by Marriott brand into four new markets in the Caribbean and Latin America: Argentina, Bolivia, Nicaragua, and Peru, with plans to open eight properties over the next three years [2][3][4] Expansion Plans - The City Express by Marriott brand will debut in Argentina with two properties: one in Puerto Iguazu with 87 rooms expected to open in Q2 2025, and another in Añelo Neuquén with 100 rooms anticipated to open in 2027 [5] - In Bolivia, a new property in Santa Cruz de la Sierra is set to start construction in Q1 2025, featuring 100 rooms and expected to open in early 2027 [6] - Nicaragua will see three new properties: a 100-room hotel in Managua, a 49-room hotel in Estelí, and a 50-room hotel in downtown Leon, all expected to convert in Q3 2025 [7] - In Peru, two hotels, City Express Plus by Marriott and City Express Suites by Marriott, are anticipated to open in 2027 in Casma, featuring 120 and 80 rooms respectively [8] Market Positioning - The expansion reflects Marriott's commitment to providing affordable, high-quality lodging options in response to increasing demand in the region [4] - The City Express by Marriott brand aims to cater to both business and leisure travelers, focusing on convenience and comfort [11] - The brand's growth strategy includes new build and conversion opportunities, positioning it well to meet the needs of value-driven travelers [4][11]
Marriott International: When Fundamentals And Technicals Agree
Seeking Alpha· 2025-01-23 03:02
Investment Focus - The individual has been investing in the ASEAN and NYSE/NASDAQ markets, with a focus on sectors such as banking, telecommunications, logistics, and hotels [1] - Investments are diversified across different industries and market cap sizes, including both long-term holdings for retirement and short-term trading for profits [1] Market Engagement - The individual began trading on the PH stock market in 2014, initially investing in popular blue-chip companies [1] - In 2020, the individual entered the US market, leveraging insights from Seeking Alpha and initially using a cousin's trading account before opening a personal account [1] Research and Analysis - The individual uses Seeking Alpha analyses to compare with their own research in the PH market, particularly focusing on US banks, hotels, shipping, and logistics companies [1]
Marriott International Announces Release Date For Fourth Quarter 2024 Earnings
Prnewswire· 2025-01-21 22:00
Core Points - Marriott International, Inc. will report its fourth quarter 2024 earnings results on February 11, 2025, at approximately 7:00 a.m. Eastern Time [1] - A conference call for the investment community will take place on the same day at 8:30 a.m. Eastern Time, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing the company's performance [1] - The conference call will be accessible via webcast on Marriott's investor relations website, with a replay available for one year [2] - The telephone dial-in number for the conference call is provided, along with a conference ID for participants [3] - A telephone replay of the conference call will be available from February 11, 2025, until February 18, 2025 [4] - Marriott International operates nearly 9,100 properties across more than 30 brands in 142 countries and territories, and offers the Marriott Bonvoy travel program [5]
Marriott International Elects Sean Tresvant to Board of Directors
Prnewswire· 2025-01-21 13:00
Core Insights - Marriott International has elected Sean Tresvant, CEO of Taco Bell Corp., as an independent director, effective February 12, 2025 [1][3] - The addition of Tresvant will expand Marriott's board to 13 directors, with 10 being independent [4] Group 1: Sean Tresvant's Background and Contributions - Sean Tresvant has overseen significant transformations at Taco Bell, including expanding its domestic and international presence and enhancing brand awareness through initiatives like Taco Bell's Taco Tuesday [3] - Under Tresvant's leadership, Taco Bell has experienced growth in both in-store and digital sales while strengthening brand loyalty and franchise operations [3] - Tresvant has a strong background in marketing, having spent over 15 years at Nike, where he was the Chief Marketing Officer for the Jordan Brand, and has held positions at Time Inc.'s Sports Illustrated and PepsiCo [3] Group 2: Board Composition and Future Outlook - With Tresvant's election, Marriott's board will consist of 13 members, enhancing its diversity and expertise [4] - The company is focused on innovation and growth, and Tresvant's experience is expected to contribute positively to these goals [3]
Hyatt's Stock Up 20%, What's Next?
Forbes· 2025-01-16 13:00
Core Insights - Hyatt Hotels Corporation stock has increased nearly 19% since the start of 2024, underperforming compared to the S&P 500's 22% return and Marriott International's 24% increase during the same period [1] Financial Performance - In Q3 2024, Hyatt's total revenues were flat year-over-year at $1.6 billion, with a 0.9% decline in Net Package revenue per available room (RevPAR) for comparable system-wide all-inclusive resorts [1] - The company reported a 3% year-over-year increase in comparable system-wide RevPAR, although this growth rate has decelerated from 4.7% in Q2 2024 and 5.5% in Q1 2024 [1] - Hyatt achieved a net room growth of 4.3% in Q3 2024 and forecasts RevPAR increases of 3.0% to 4.0% and net room growth of 7.75% to 8.25% for FY 2024 [1] - Adjusted EBITDA is expected to be between $1.10 billion and $1.12 billion for FY 2024, up from $1.03 billion in FY 2023 [1] Business Model and Growth Strategy - Hyatt's business model focuses on fee-based revenue, licensing, and services, leveraging its brand through partnerships with third-party owners and franchisees [2] - The company added 16 new hotels and 2,589 rooms in Q3 2024, with its pipeline expanding 10% year-over-year to 135,000 rooms [2] - Hyatt aims for over 80% of its earnings to come from fee-based revenues by 2025, forecasting fee-based revenues of $1.085 billion to $1.11 billion for FY 2024, representing a 13% increase at the midpoint [2] Stock Performance Analysis - Over the last four years, Hyatt's stock performance has been volatile, with returns of 29% in 2021, -6% in 2022, 45% in 2023, and 21% in 2024 [3] - The Trefis High Quality Portfolio has outperformed the S&P 500 with less volatility, indicating a more stable investment option compared to Hyatt's stock [3]
Marriott Expands Luxury Footprint With Ritz-Carlton Bangkok Launch
ZACKS· 2025-01-09 13:56
Group 1: Company Overview - Marriott International, Inc. has opened The Ritz-Carlton, Bangkok, enhancing its competitive position in the Southeast Asian hospitality market [1][3] - The new hotel features 260 guestrooms and various amenities, including three dining venues, a ballroom, a spa, and two swimming pools [2] Group 2: Expansion and Development - Marriott is focused on global expansion, aiming to grow its collection of luxury and lifestyle brands [4] - The company's development pipeline reached a record 585,000 rooms in Q3 2024, reflecting a 5% sequential growth [5] - Marriott added 16,000 net rooms in Q3 2024, bringing its global total to over 1.67 million rooms [5] - Conversion activity accounted for over 30% of new room additions and more than 50% of signings [5] - The company has signed an agreement to introduce The Ritz-Carlton to Xiamen Island in Fujian Province [5] Group 3: Market Performance - Shares of Marriott have increased by 20.6% over the past year, outperforming the industry growth of 14.4% [8] - The company is benefiting from strong global travel demand, particularly in international markets and steady performance in the U.S. and Canada [8] - Group revenues for 2025 are pacing 7% higher, indicating positive market demand [9] - Earnings estimates for 2025 have risen in the past 30 days, reflecting analysts' optimism about the stock's growth potential [9]
The Ritz-Carlton, Bangkok Debuts in Thailand, Promising A New Era of Unforgettable Luxury and Cultural Elegance in Thailand
Prnewswire· 2025-01-08 14:00
Core Insights - The Ritz-Carlton, Bangkok has officially opened, marking a significant addition to the luxury hotel landscape in Southeast Asia, offering personalized service and cultural experiences [1][2] - The hotel is part of Marriott International's Luxury Group portfolio and is located in One Bangkok, the largest integrated district in the city, providing a unique blend of Thai tradition and modern design [1][2][3] Hotel Features - The hotel features a 216-meter-high tower with 260 keys, including various room types such as 50-square-meter Deluxe Rooms, 102-square-meter Gardenia Suites, and a 389-square-meter Ritz-Carlton Suite [4] - The Club Lounge on the 23rd floor offers exclusive amenities and five daily culinary presentations, enhancing the guest experience with personalized service [5] Dining Experiences - The hotel boasts three distinct dining venues, including Duet by David Toutain, which serves modern French cuisine, and Lily's, which offers customizable sharing plates [6][7] - Caleō, a luxurious lounge, provides a romantic setting for afternoon teas and cocktails, emphasizing a multi-sensory dining experience [8] Wellness and Recreation - The Ritz-Carlton Spa features five treatment rooms, a couple's spa suite, and two swimming pools, including a dedicated kids' pool, promoting relaxation and well-being [9] - The Ritz Kids Club offers engaging activities for younger guests, ensuring a family-friendly environment [9] Event Spaces - The Ritz-Carlton Grand Ballroom is the largest in the city, accommodating up to 1,200 guests, and features nine flexible function spaces for various events [10] Cultural Integration - The hotel emphasizes cultural experiences through activities like the "Klong Yao" ceremony and creative tours of the One Bangkok Art Loop, connecting guests with local traditions [11] - The design and services reflect Thailand's cultural heritage while providing a modern luxury experience, aiming to create memorable moments for guests [11]