Marriott International, Inc.’s (MAR) luxury brand, Ritz-Carlton, announced the debut of Ritz-Carlton Reserve property in the Middle East under the name of Nujuma.Located in the Red Sea on the Ummahat Island, this 63 overwater and beach villa property offers single-to-three-bedroom accommodation, spacious living areas and private pools overlooking the sea. Moreover, the availability of a personal host at each villa, an elevated ring walkway, luscious mangroves and the exquisite marine ecosystem, especially t ...

Core Insights - Nujuma, a Ritz-Carlton Reserve, is the first of its kind in the Middle East, located on Ummahat Island in the Red Sea, offering a unique cultural and immersive experience for travelers [1][10] - The resort features 63 overwater and beach villas, designed with natural materials and local craftsmanship, providing luxurious accommodations with private pools and stunning sea views [4][3] - Nujuma emphasizes sustainability and cultural immersion, with local experts guiding guests through the region's heritage and offering hands-on activities [5][10] Resort Features - The Red Sea is home to the world's fourth-largest barrier reef system, with over 90 untouched islands, providing opportunities for snorkeling and scuba diving [2] - The architecture of Nujuma is inspired by natural elements, featuring shell-like designs and geometric patterns that reflect regional motifs [3] - Each villa includes a dedicated personal host to enhance the guest experience and facilitate exploration of the destination [4] Dining and Wellness - Nujuma's dining options celebrate local traditions, with five culinary experiences that highlight the region's seafood and cultural heritage [6][8] - The Neyrah Spa offers holistic wellness treatments, incorporating regional ingredients and various therapeutic practices to rejuvenate guests [9] Accessibility and Experience - Guests can access Nujuma via chartered boat or seaplane, enhancing the exclusivity of the experience [4] - The resort aims to provide a transformative journey, blending luxury with discovery and sustainability, set against the backdrop of Ummahat Island's natural beauty [10]

BETHESDA, Md., May 24, 2024 /PRNewswire/ -- Marriott International, Inc.'s (Nasdaq: MAR), Chief Financial Officer and Executive Vice President, Development Leeny Oberg, will speak at the 2024 Morgan Stanley Travel and Leisure Conference, to be held on Tuesday, June 4.  Ms. Oberg's remarks will be at approximately 9:45 a.m., Eastern Time, and will be webcast live. To access the webcast, please go to http://www.marriott.com/investor, and then click on the link to the "Morgan Stanley Travel and Leisure Confere ...

The choice of Florida and The Ritz-Carlton Naples, Tiburon, as the location for the next tennis center is no coincidence, as the luxury resort is the perfect spot for outdoor enthusiasts ready for an active retreat. Located just three miles from the Gulf of Mexico and nestled among the native wetlands and migratory bird preserves of an Audubon Cooperative Sanctuary, the resort offers two legendary championship golf courses, relaxation with on-site spa services, and culinary experiences such as al-fresco din ...

Marriott International (MAR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this hotel company have returned -1%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Hotels and Motels industry, which Marriott falls in, has lost 1.7%. The key question now is: What could be the stock's future direction?While media rel ...

The city's waterfront George Washington Avenue, known as El Malecon, borders the Caribbean Sea, a palm-lined boulevard featuring restaurants, bars, monuments, casinos, and steps away from Renaissance Santo Domingo Jaragua Hotel & Casino. Renaissance Santo Domingo Jaragua Hotel & Casino is the only leading lifestyle and resort-like ambiance property in Santo Domingo. Situated in the heart of the oldest city in the New World, the 300 guest rooms and suites oceanfront hotel is a district centerpiece to nearby ...

Marriott International, Inc. (MAR) recently boosted investors’ sentiments with a 21.2% hike in its quarterly cash dividend payments.The board of directors of this worldwide hospitality company approved a quarterly dividend payout of 63 cents per share ($2.52 per share annually), up from the previous dividend payout of 52 cents per share ($2.08 per share annually). The amount will be paid out on Jun 28, 2024, to shareholders of record as of May 24. Based on the closing price of $240.46 per share on May 10, t ...

BETHESDA, Md., May 10, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock, which represents a 21 percent increase over the previous quarterly dividend amount of 52 cents per share and reflects the company's earnings growth and strong cash generation. The dividend is payable on June 28, 2024, to shareholders of record as of the close of business on May 24, 2024. Marriott Internati ...

Marriott International saw its revenue per available room (RevPAR) increase 4.2% year-over-year during the first quarter, driven largely by growth in international markets.The hotel chain saw its RevPAR grow 1.5% in the United States and Canada and 11.1% in international markets, according to a Wednesday (May 1) earnings release.“While overall industry RevPAR growth is normalizing post-COVID, we continue to gain RevPAR index across our portfolio and increase our market share of global hotels,” Marriott Pres ...

Marriott International, Inc. (MAR) reported mixed first-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and the bottom line increased on a year-over-year basis.During the quarter, the company reported benefits from strong revenue per available room (RevPAR) gains, net rooms growth and an asset-light business model. Also, strong contributions from the group business added to the positives. The company reported strength in The Marriott Bonvoy loy ...