Marriott International, Inc. (MAR) opened doors of its debut brand, Apartments by Marriott Bonvoy, in December 2023, with the intention of expanding its product portfolio with premium and luxury apartment-style accommodations. The positive approach toward its first property launch, Casa Costera, Isla Verde Beach, in San Juan, Puerto Rico encouraged the announcement of the upcoming property openings under this brand.Marriott is all set to bring Apartments by Marriott Bonvoy in the United States, Italy and th ...

The latest trading session saw Marriott International (MAR) ending at $242.52, denoting a +1.95% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.Prior to today's trading, shares of the hotel company had gained 5.98% over the past month. This has outpaced the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.The investmen ...

Marriott International, Inc. (MAR) recently announced a strategic collaboration with Delonix Group to boost its presence in mainland China. The initiative aims to expand Marriott's Tribute Portfolio brand and add 100 full-service Delonix hotels to the portfolio.Per the agreement, MAR will franchise the Tribute Portfolio brand with certain Delonix Group hotels (including Grand New Century and other premium brand locations). It emphasized hotel accessibility (via both companies' direct booking channels) and i ...

Marriott International (MAR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this hotel company have returned +6.1% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Hotels and Motels industry, to which Marriott belongs, has gained 4% over this period. Now the key question is: Where could the stock be headed in the near term? While media releas ...

Just one year after announcing its intention to expand presence in premium and luxury apartment-style accommodations, Marriott has opened its first property in Puerto Rico and signed agreements in the United States, Italy, and Saudi ArabiaBETHESDA, Md., Jan. 24, 2024 /PRNewswire/ -- Today, Marriott International, Inc. (Nasdaq: MAR) announced plans to further expand its new Apartments by Marriott Bonvoy™ brand offering, with signed development agreements in the United States, Italy, and the Kingdom of Saudi ...

Marriott International, Inc. (MAR) celebrated a remarkable year in 2023, setting a new record in global signings with a substantial 52% increase in organic rooms compared with 2022.The company reported robust net room growth of 4.7%, reaching over 1.597 million rooms. The development pipeline at the end of 2023 stood at a record 573,000 rooms, marking a 15% year-over-year rise.Throughout 2023, Marriott inked a record number of organic management and franchise agreements, averaging nearly 2.5 deals per day, ...

Collaboration includes opportunity to affiliate over 100 full service Delonix hotels with Marriott's Tribute Portfolio SHANGHAI, Jan. 23, 2024 /PRNewswire/ -- Marriott International and Delonix Group, one of the leading China-based hospitality companies, today announced a long-term cooperation agreement under which the two companies will work together to grow Marriott's Tribute Portfolio brand in mainland China. The Delonix portfolio currently includes ten hotel brands with over 1,400 hotels open or in the ...

Net rooms grew 4.7% to over 1.597 million; company development pipeline ended 2023 at a record 573,000 rooms, an increase of 15 percent from the previous yearBETHESDA, Md., Jan. 22, 2024 /PRNewswire/ -- At the Americas Lodging Investment Summit (ALIS), Marriott International, Inc. (NYSE: MAR) announced the company's record year of global signings with 52 percent more organic rooms signed in 2023 than in 2022, as it continues to expand offerings for owners, franchisees, and guests. The company also announced ...

Marriott International (MAR) ended the recent trading session at $233.67, demonstrating a +0.43% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.23%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.The hotel company's shares have seen an increase of 4.89% over the last month, surpassing the Consumer Discretionary sector's loss of 2.56% and the S&P 500's gain of 0.94%.The upcoming earnings release of Marriott Internationa ...

Ceremony marks milestone for Marriott's new affordable midscale extended stay brand in U.S. and CanadaBETHESDA, Md., Jan. 17, 2024 /PRNewswire/ -- Today, Marriott International, Inc. (NYSE: MAR) celebrated the groundbreaking of its inaugural StudioRes brand hotel, as Concord Hospitality began construction of its first property in Fort Myers, Florida. Announced in June 2023, the StudioRes brand is Marriott's new affordable midscale extended stay brand in the U.S. & Canada. StudioRes Groundbreaking (PRNews ...