Marriott Bonvoy®

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Marriott International Declares Quarterly Cash Dividend and Increases Share Buyback Authorization
Prnewswire· 2025-08-07 17:00
Core Points - Marriott International, Inc. declared a quarterly cash dividend of 67 cents per share, payable on September 30, 2025, to shareholders of record as of August 21, 2025 [1] - The board increased the authorization to repurchase Class A common stock by an additional 25 million shares, in addition to approximately 7.4 million shares remaining from prior authorizations [1] - Year-to-date through July 30, 2025, the company repurchased 6.4 million shares for a total of $1.7 billion [1] Company Overview - Marriott International, Inc. is based in Bethesda, Maryland, and operates a portfolio of over 9,600 properties across more than 30 brands in 143 countries and territories [2] - The company engages in the operation, franchising, and licensing of hotel, residential, timeshare, and other lodging properties globally [2] - Marriott offers the Marriott Bonvoy® travel platform, which is highly awarded [2]
Marriott International Announces Retirement of Leeny Oberg, Chief Financial Officer and EVP, Development, in 2026
Prnewswire· 2025-07-14 20:06
Core Points - Marriott International announced the retirement of Leeny Oberg, the Chief Financial Officer, effective March 31, 2026, after 26 years with the company [1][2] - Jen Mason and Shawn Hill have been named as successors, with Mason becoming CFO and Hill taking on the role of Chief Development Officer [1][3] Leadership Transition - Leeny Oberg has served as CFO since January 1, 2016, and has significantly contributed to the company's value creation, especially during the pandemic and the Starwood acquisition [2][4] - Jen Mason, a 33-year veteran of Marriott, will assume the CFO role, currently serving as Global Officer, Treasurer, and Risk Management [3][4] - Shawn Hill, with nearly 28 years at Marriott, will become Chief Development Officer, having successfully expanded Marriott's presence in the Asia Pacific region [5][6] Company Performance - Under Oberg's leadership, Marriott's shareholder value has increased significantly, with stock performance outperforming the S&P 500 since she became CFO [2][4] - Hill's leadership in the Asia Pacific region has resulted in portfolio growth from over 465 open properties to more than 635, with an increase in the pipeline from 276 to 383 properties [6][7] Future Outlook - Both Mason and Hill will join Marriott's executive leadership team and report to President and CEO Anthony Capuano, ensuring continuity in leadership and strategic direction [8][9] - Capuano expressed confidence in Mason's financial acumen and Hill's development expertise to drive future growth and success for Marriott [9]
Marriott International Announces Release Date For Second Quarter 2025 Earnings
Prnewswire· 2025-07-08 20:30
Core Viewpoint - Marriott International, Inc. is set to report its second quarter 2025 earnings results on August 5, 2025, with a conference call scheduled for the same day to discuss the company's performance [1]. Group 1: Earnings Report Details - The earnings results will be announced at approximately 7:00 a.m. Eastern Time (ET) on August 5, 2025 [1]. - A conference call for the investment community will take place at 8:30 a.m. (ET) on the same day, featuring Marriott's President and CEO, Anthony Capuano, and CFO, Leeny Oberg [1]. Group 2: Accessing the Conference Call - The conference call will be available via webcast on Marriott's investor relations website, with a replay accessible for one year [2]. - The telephone dial-in number for the conference call is US Toll Free: 800-274-8461 or Global: +1 203-518-9814, using conference ID MAR2Q25 [3]. Group 3: Replay Information - A telephone replay of the conference call will be available from 1:00 p.m. (ET) on August 5, 2025, until 8:00 p.m. (ET) on August 12, 2025 [4]. Group 4: Company Overview - Marriott International, Inc. operates nearly 9,500 properties across more than 30 brands in 144 countries and territories, offering a range of lodging options [5]. - The company provides the Marriott Bonvoy® travel platform, which is highly awarded [5].
TrumanAnnouncesNew Signed Agreements with Marriott International to Bring Three Iconic Brands to Calgary
Prnewswire· 2025-07-02 15:00
Core Insights - Marriott International, in partnership with Truman and Louson, is set to open three luxury hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel, marking a significant development in the city's hospitality sector [1][2][4] Company Developments - The hotels are part of a mixed-use development in Calgary's Culture + Entertainment District, with W Calgary and JW Marriott Calgary expected to open in 2028 and 2029, respectively, and the Autograph Collection Hotel in 2030 [2][4] - W Calgary will feature a 69-story tower with 157 guest rooms, including 27 suites, and 239 branded residences, along with amenities such as a 7,500 sq. ft AWAY Spa and a rooftop bar [4] - JW Marriott Calgary will consist of a 62-story building with 248 guest rooms and 120 branded residences, offering 32,500 sq. ft of meeting space and various luxury amenities [5] Economic Impact - The development is projected to create over 9,100 jobs during construction and more than 2,000 ongoing positions in operations and tourism sectors [8] - It is expected to contribute over $120 million in GDP from hotel operations and an additional $111 million from visitor spending annually, generating nearly $76 million in government revenues [9] Strategic Importance - The hotels are anticipated to enhance Calgary's competitive advantage as a host city for meetings and conventions, supporting key venues like the BMO Centre [8] - The project aligns with the Calgary Municipal Land Corporation's vision for the Culture + Entertainment District, which has seen over $2 billion in infrastructure and cultural developments [8]
Marriott International Introduces MARRIOTT MEDIA, a New Media Network Shaped for the Traveler
Prnewswire· 2025-06-12 12:00
Core Insights - Marriott International has launched MARRIOTT MEDIA, a new media network aimed at enhancing brand engagement with travelers throughout their journey [1][2] - The network focuses on personalization and curated brand integration, utilizing first-party data to connect relevant brands with customers at optimal times [2][3] Company Overview - MARRIOTT MEDIA is designed to center around the customer experience, integrating digital and physical touchpoints to deliver contextually relevant messages [2][5] - The platform leverages data from the Marriott Bonvoy program, which has nearly 237 million members, and Marriott's portfolio of approximately 9,500 properties worldwide [3][10] Marketing Strategy - The initiative aims to create deeper engagement between select brand partners and customers, utilizing sophisticated measurement techniques to assess campaign performance [4][5] - Initial partnerships for MARRIOTT MEDIA include brands such as PepsiCo, Visa, United Airlines, and Starbucks, among others [4][6] Unique Selling Proposition - MARRIOTT MEDIA differentiates itself by bridging advertiser content with native Marriott content, allowing for engagement in high-trust environments [5][6] - The network emphasizes storytelling through placements like Marriott Bonvoy TV, providing brands with opportunities to connect with travelers through engaging narratives [6][7] Future Plans - Marriott plans to scale MARRIOTT MEDIA into global markets while maintaining a focus on authenticity and cultural context in brand experiences [7]
Marriott International Celebrates Outstanding 25-Year Leadership in Branded Residences with Around 300 Projects in Open & Pipeline Portfolio
Prnewswire· 2025-06-02 12:00
Core Insights - Marriott International, Inc. has signed agreements to expand its branded residential portfolio in key global locations, increasing its total open and pipeline projects to around 300 [1][2][3] - The company has experienced significant growth, with a 60% increase in its residential portfolio over the last five years and plans to more than double it in the coming years [3][4] - Marriott's branded residences have generated $7.2 billion in sales revenue for third-party developers in the past five years, highlighting the strong demand for luxury residential offerings [3] Company Expansion - Recent agreements include developments in Detroit, Muskoka, Gulf of Papagayo, and Jeddah, showcasing Marriott's commitment to expanding its presence in desirable destinations [1][4] - The Residences at The Detroit EDITION will feature 97 luxury units, reflecting the EDITION brand's design and service standards [5] - The Ritz-Carlton Residences in Muskoka will consist of 32 unique homes on a private island, emphasizing the appeal of waterfront properties [6] Market Position - Marriott is recognized as the largest branded residential company globally, with a portfolio spanning 17 brands across 50 countries and territories [2][4] - The company aims to meet the growing demand for luxury lifestyle options, as evidenced by the introduction of the St. Regis brand in Jeddah, set to open in 2030 with 191 residences [8] - Marriott's commitment to quality and community is underscored by its accreditation as the first hospitality company to receive official recognition from the Accredited Association Management Company [4][5]
Marriott International Celebrates 50 Years as A Hospitality Leader in Europe, Middle East & Africa
Prnewswire· 2025-05-27 13:00
Core Insights - Marriott International celebrates the 50th anniversary of its first hotel in Europe, the Amsterdam Marriott Hotel, which opened in 1975 and has since expanded to over 1,300 properties in 80 countries and territories by 2025 [1][2][5]. Company Growth - The company has grown significantly in the EMEA region, now boasting 29 distinct brands and a diverse portfolio of hotels, resorts, residences, and lodges [2][6]. - As of Q1 2025, Marriott's development pipeline in the EMEA region includes 583 hotels, representing over 100,000 rooms [6]. Historical Milestones - The Amsterdam Marriott Hotel was the largest hotel in the city at the time of its opening, featuring 396 rooms [2]. - Key historical openings include the Riyadh Marriott Hotel in 1980, Cairo Marriott in 1981, and JW Marriott Hotel Dubai in 1993, marking Marriott's expansion into the Middle East and Africa [7]. Leadership and Legacy - David Marriott, Chairman of the Board, emphasized the significance of the Amsterdam Marriott Hotel in the company's history and its role in expanding beyond North America [5]. - The hotel has maintained its core values and has a dedicated team, with some staff members serving for up to 45 years [3]. Anniversary Celebration - The milestone anniversary was celebrated with an event themed "A Journey Through Time," attended by over 150 guests, including current and former associates [4].
Marriott International Signs Agreement to Debut St. Regis Hotels & Resorts Brand in Costa Rica
Prnewswire· 2025-05-22 14:00
Core Insights - Marriott International has signed an agreement with Solana PA, S.R.L. to introduce the St. Regis Hotels & Resorts brand in Costa Rica, with development expected to start in July 2025 and a planned opening in early 2027 [1][2][6] Company Expansion - The St. Regis Papagayo will be the first St. Regis hotel and residences in Costa Rica, reflecting Marriott's commitment to expanding its luxury portfolio in key destinations across the Caribbean and Central America [2][6] - The project is strategically located between Panama Bay and Culebra Bay, just 25 minutes from Liberia International Airport, enhancing the luxury offerings in the Papagayo region [3] Project Details - The new St. Regis Papagayo will feature 120 hotel rooms and 143 residential units, along with six distinct culinary venues and various luxury amenities including multiple swimming pools, a spa, and extensive meeting spaces [2][3][5] - The design will be led by the esteemed Mexican architecture firm Sordo Madaleno, with Gensler Mexico City as the principal interior design firm [4][5] Market Potential - The project arrives at a time of increasing demand for high-end travel and residential offerings in Costa Rica, indicating a significant potential for luxury experiences in the region [4][6]
Marriott International Declares an Increase in Quarterly Cash Dividend
Prnewswire· 2025-05-09 20:00
Core Points - Marriott International, Inc. declared a quarterly cash dividend of 67 cents per share, reflecting earnings growth and strong cash generation [1] - The dividend is payable on June 30, 2025, to shareholders of record as of May 23, 2025 [1] Company Overview - Marriott International is based in Bethesda, Maryland, and operates nearly 9,500 properties across more than 30 brands in 144 countries and territories [2] - The company engages in operating, franchising, and licensing various lodging properties, including hotels, residential, and timeshare [2] - Marriott offers the Marriott Bonvoy® travel platform, which is highly awarded [2]
Marriott International Surpasses 15 Million Hour Volunteerism Goal One Year Early
Prnewswire· 2025-04-30 12:00
Core Insights - Marriott International has surpassed its volunteerism goal of 15 million hours served globally, achieving this milestone one year ahead of schedule, with a total of 15.6 million volunteer hours completed from 2016 to the end of 2024 [1][3] Group 1: Volunteerism and Community Engagement - The company emphasizes its commitment to community service through its sustainability and social impact platform, Serve 360, which focuses on four priority areas: Nurture Our World, Sustain Responsible Operations, Empower through Opportunity, and Welcome All and Advance Human Rights [3][7] - Marriott associates have actively participated in disaster relief efforts, contributing over 1,700 hours of disaster relief work following Hurricanes Helene and Milton in 2024, and over 15,000 volunteer hours for wildfire relief in Maui, Hawaii in 2023 [4] - The "Check Out for Children" program has supported UNICEF since 1995, benefiting over 4.5 million children worldwide through donations from participating hotels [5] Group 2: Regional Initiatives - In the Asia Pacific region, Marriott hotels have rescued over 440,000 lbs. of surplus food, resulting in over 800,000 meals donated to communities in need [6] - In the Caribbean and Latin America, properties have engaged in sea turtle nesting and release programs, supporting the release of over 445,000 sea turtles since 2018 [6] - In the U.S. and Canada, local hotels have raised over $46 million for Children's Miracle Network Hospitals from 2016 through the end of 2024, with associates contributing nearly 25,000 volunteer hours in 2024 alone [6]