DA NANG, Vietnam, Sept. 10, 2024 /PRNewswire/ -- Nestled along the serene shores of Non Nuoc Beach, Danang Marriott Resort & Spa, Non Nuoc Beach Villas has quickly become a haven for families seeking tranquility, relaxation, and peace by the sea. As the resort marks its first anniversary this September, guests can look forward to a series of exciting events, special deals, and more. The beachfront resort offers traveler tranquil oasis with lots of family fun activitiesQuality family time spending by the poo ...

HAIKOU, CHINA - SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)Chinese travelers are taking more last-minute trips as they become more cautious with spending amid a lackluster economic recovery.There is a "real crisis of consumer confidence" in China, Anthony Caputano, president and CEO of Marriott International said at the Bank of America Gaming an ...

Summary of Marriott International, Inc. Conference Call Company Overview - **Company**: Marriott International, Inc. (NASDAQ: MAR) - **Event**: BofA Gaming and Lodging Results Conference - **Date**: September 5, 2024 Key Points Industry Insights - **Travel and Tourism Sector**: The sector is showing resilience despite economic uncertainties, with consumers prioritizing travel and experiences over other expenditures [10][11] - **Political Landscape**: The upcoming elections in Washington D.C. are expected to create a gridlock in federal government, which may lead to minimal changes in tax and labor policies [7][8] Financial Performance - **Leisure Segment Growth**: Leisure RevPAR (Revenue per Available Room) grew 40% globally over the past five years, with a normalization trend showing 2% growth in Q2 and July [13][14] - **Business Transient Recovery**: Steady quarter-over-quarter improvement in business transient travel, with small and medium-sized businesses recovering faster than large corporates [16] - **Group Segment Outlook**: High single-digit revenue growth expected for the group segment in 2024 and 2025 based on forward bookings [16] Market Challenges - **China Market Weakness**: Significant macroeconomic challenges in China, leading to a 10% decline in RevPAR in July. However, long-term growth potential remains strong, with record deal signings in the first half of 2024 [21][23] - **Consumer Confidence**: A crisis of consumer confidence in China is affecting demand, particularly in secondary and tertiary markets [21][28] Development and Growth Strategy - **Construction Activity**: U.S. and Canada construction starts increased by 40%, indicating a positive trend in development activity [34] - **Conversion Strategy**: Focus on conversions as a growth strategy, with a significant portion of signings and openings coming from conversions [35][47] - **Long-term Growth Targets**: Confidence in achieving a multiyear CAGR of 5% to 5.5% in net unit growth [54] Technology Investments - **Technology Overhaul**: Major investment in re-platforming key technology systems (reservations, property management, loyalty) to enhance guest experience and operational efficiency [57][59] - **Revenue Enhancement Opportunities**: New technology platforms expected to improve revenue generation by facilitating easier access to various services for guests [60] Miscellaneous - **Private Charter Business**: Notable growth in private charter business for the Ritz-Carlton Yacht, indicating a new revenue stream [5] - **Geopolitical Factors**: Ongoing geopolitical issues affecting inbound travel to China, impacting overall performance [30] This summary encapsulates the key insights and developments discussed during the conference call, highlighting the current state and future outlook of Marriott International and the broader hospitality industry.

It has been about a month since the last earnings report for Marriott International (MAR) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Marriott due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Marriott Q2 Earnings Top, Revenues Miss, ...

BETHESDA, Md., Aug. 28, 2024 /PRNewswire/ -- Great Place To Work® and PEOPLE magazine have recognized Marriott International as one of the 2024 PEOPLE® Companies that Care. This marks Marriott International's (Marriott) fifth consecutive year on the list and highest placement to date at number four. Marriott's inclusion on the list is a recognition of the company's focus on its sustainability and social impact platform, Serve 360: Doing Good in Every Direction.Great Place To Work® and PEOPLE magazine have r ...

Marriott International, Inc. (MAR) has entered a long-term licensing agreement with Sonder Holdings Inc., highlighting the addition of Sonder's open and pipeline portfolio to its system under a new collection, Sonder by Marriott Bonvoy.Takeaways From the CollaborationPer the agreement, Marriott will welcome more than 9,000 rooms from Sonder’s portfolio by 2024 end, along with 1,500 rooms, into its pipeline. The rooms in Sonder’s pipeline are expected to be added to the company’s system over the next few yea ...

Marriott International, Inc. (MAR) unveiled The St. Regis Longboat Key Resort in Florida, which marks its 9,000th property. This expansion underscores MAR’s continued global growth and its extensive luxury portfolio.The new resort, developed by Unicorp National Developments and designed by SB Architects, Hirsch Bedner Associates (HBA Miami) and Dutch East Design, is the largest development on Longboat Key in more than 50 years. It strengthens Marriott's position with its extensive portfolio of seven brands, ...

The market opened horribly last week, with most equities taking a beating as geopolitical and macro-related concerns spurred panic among investors. Consumer discretionary stocks, in particular, faced the brunt of this sell-off, registering massive losses as fears of an economic slowdown rattled the sector. However, as the week progressed, the market began to recover, creating a unique opportunity for investors willing to buy into the fear.This article will focus on the consumer discretionary sector, as many ...

NAPLES, Fla., Aug. 13, 2024 /PRNewswire/ -- The Ritz-Carlton Naples, Tiburón proudly debuts The Mouratoglou Tennis Center Naples Tiburón, marking world renowned coach Patrick Mouratoglou's first dedicated teaching facility in Florida. This exciting partnership introduces a premiere academy in Southwest Florida, offering world-class coaching and an unparalleled tennis experience for resort guests and members. Hailing from Nice, France, Mouratoglou's esteemed tennis program is best known for producing world-r ...

SHANGHAI, Aug. 1, 2024 /PRNewswire/ -- Marriott International, Inc. recently announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to Hangzhou. Anticipated to open in 2031, W Hangzhou will be located at the northwest intersection of Minhe Road and Liyi Road in Qianjiang Century City, Hangzhou's developing new CBD. With its bold, detail-driven design, elevated service, and engaging always-on programming, the hotel is poised to beco ...