Core Insights - Marriott International is focusing on budget travelers who prioritize travel but seek more affordable options, as indicated by spending data from credit card relationships [1][5] - The company has significantly expanded into the mid-scale segment, which it historically did not operate in, starting with the acquisition of City Express for $100 million in 2022 [2][5] - Marriott has launched its first StudioRes in Fort Myers, Florida, targeting cost-conscious consumers with modest services and amenities [3] Financial Performance - In the first quarter, Marriott generated $6.26 billion in revenue and reported a net income of $665 million [4] Strategic Initiatives - The introduction of StudioRes aims to cater to various travel purposes, appealing to individuals on temporary assignments or digital nomads [3] - Marriott's diverse portfolio includes brands like Ritz-Carlton, St. Regis, Sheraton, Courtyard, Westin, and Moxy, allowing the company to offer suitable accommodations for different consumer needs [3]

Marriott International (MAR) has taken a strategic step to deepen its luxury footprint in Latin America by announcing a signed agreement with Solana PA, S.R.L. to introduce its premier St. Regis Hotels & Resorts brand in Costa Rica. The high-end development will mark the brand’s debut in the country and is set to elevate the Gulf of Papagayo in Guanacaste as a luxury destination.Spanning 20 hectares, this premium resort and residential project is set to break ground in July 2025 and welcome guests by early ...

Combining timeless glamour and vanguard spirit, the property is anticipated to offer exquisite experiences in one of the world's finest addresses starting in early 2027.PLANTATION, Fla., May 22, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) announced today a signed agreement with Solana PA, S.R.L. to debut the iconic St. Regis Hotels & Resorts brand in Costa Rica. The development of this visionary project, which will span 20 hectares on the Gulf of Papagayo in the Guanacaste region, is exp ...