Marriott Intl Inc Stock Price, News & Analysis

Revenue growth was driven by a 3.3% increase in U.S. & Canada RevPAR and a robust 5.9% growth in international markets. The company added 12,200 net rooms during the quarter, with global rooms growing 4.6% year-over-year.

Marriott's development pipeline expanded to 3,800 properties with over 587,000 rooms, up 7.4% from the previous year. The company announced plans to acquire citizenM, an innovative lifestyle lodging brand. Marriott's loyalty program, Bonvoy, grew to 237 million members.

The company returned significant value to shareholders, repurchasing 2.8 million shares for $0.8 billion in Q1, with total shareholder returns exceeding $1.2 billion year-to-date through April 29.

Marriott International has exceeded its 15.6 million volunteer hours goal one year ahead of schedule, as part of its Serve 360 sustainability initiative. The milestone, achieved between 2016 and 2024, demonstrates the company's commitment to community service across global regions.

Notable achievements include providing 1,700 hours of disaster relief after Hurricanes Helene and Milton, 15,000 hours supporting Maui wildfire relief, and 37,000 hours aiding earthquake victims in Türkiye and Syria. Regional initiatives showcase impressive results: 440,000 lbs of food rescued in Asia Pacific, release of 445,000 sea turtles in Caribbean/Latin America, and over $46 million raised for Children's Miracle Network Hospitals in US/Canada.

The company's volunteer efforts align with four key coordinates: Nurture Our World, Sustain Responsible Operations, Empower through Opportunity, and Welcome All and Advance Human Rights.

Marriott International (MAR) has announced an agreement to acquire the citizenM brand for $355 million, with potential earn-out payments up to $110 million based on future growth. The acquisition includes 36 open hotels with 8,544 rooms across the U.S., Europe, and Asia Pacific, plus three under-construction properties adding 600 more rooms by mid-2026.

The deal aims to expand Marriott's select-service and lifestyle lodging portfolio. citizenM, founded in 2008, is known for its tech-savvy experience, efficient space usage, and focus on art and design. The brand caters to value-conscious travelers with smart room design and collaborative workspaces.

Post-acquisition, the citizenM portfolio will join Marriott's system under long-term franchise agreements, with stabilized fees expected at approximately $30 million annually. The transaction, subject to U.S. regulatory approval, is expected to close in 2025, potentially driving Marriott's full-year 2025 net rooms growth to approach 5%.

Marriott International (Nasdaq: MAR) has scheduled its first quarter 2025 earnings announcement for Tuesday, May 6, 2025, at approximately 7:00 a.m. ET. The company will host an investor conference call at 8:30 a.m. ET on the same day, featuring President and CEO Anthony Capuano and CFO and EVP of Development Leeny Oberg.

The earnings call will be accessible via webcast through Marriott's investor relations website, with dial-in options available (US Toll Free: 800-274-8461, Global: +1 203-518-9814, Conference ID: MAR1Q25). A replay will be available until May 13, 2025, and a transcript will be posted on the company's website.

Sonder Holdings Inc. (SOND) has announced significant strategic moves to strengthen its financial position and operational efficiency. The company secured an $18 million equity financing through Series A preferred stock sale and amended its Note and Warrant Purchase Agreement, reducing the principal balance by 15% and interest rate by approximately 50%.

The company's integration with Marriott International is progressing, with full integration expected by Q2 2025. This will make Sonder properties available on Marriott's digital platforms under the 'Sonder by Marriott Bonvoy' collection. Sonder has received $7.5 million in key money from Marriott and continues to participate in the Marriott Bonvoy® travel platform with its 228 million members.

Additionally, Sonder is implementing cost reduction initiatives expected to deliver approximately $50 million in annualized savings compared to Q3 2024, through headcount reductions, software savings, and integration-related efficiencies.

Marriott International (MAR) has signed an agreement with Mullen Real Estate Capital to develop one of the first JW Marriott All-Inclusive resorts globally in Costa Elena, Guanacaste, Costa Rica. The property, scheduled to begin conversion in July 2025 and join the Marriott Bonvoy portfolio in Spring 2026, will feature:

• 415 guest rooms
• 11 food and beverage outlets
• 44,000 sq ft of water amenities including 17 pools
• 10,000 sq ft of indoor meeting space
• 16,000 sq ft spa
• 885 feet of beach frontage

Located 49 miles from Daniel Oduber Quirós International Airport, the resort plans include potential JW Marriott branded residences on an adjacent site. This development adds to Marriott's expanding presence in Costa Rica, where the company currently operates 22 properties across 15 brands, with 15 more properties (1,776 rooms) in the development pipeline.

Marriott International (MAR) has announced the launch of its first City Express by Marriott property in the United States, marking its entry into the affordable midscale segment in North America. The 83-room City Express by Marriott Duluth (GA) will open in March 2025, located 30 minutes from downtown Atlanta.

The company has secured over 45 signed agreements for new properties, with more than a dozen scheduled to open throughout 2025. Key upcoming locations include New Orleans Northeast, Chicago Downtown, Orlando International Drive, and Port Hope (Ontario). The brand expansion follows Marriott's acquisition of the City Express portfolio in 2023.

Each property will feature amenities including plush beds, high-speed internet, complimentary breakfast, 24-hour markets, pet-friendly policies, and fitness facilities. The properties will participate in the Marriott Bonvoy program, allowing members to earn and redeem points for their stays.

Marriott International (NASDAQ:MAR) has announced the opening of The Ritz-Carlton, Suzhou, marking the brand's first venture into this historic Chinese city. Located in the Gusu District, the hotel features 190 guest rooms, including 57 luxury suites, and is situated within walking distance of UNESCO World Heritage Sites.

The property includes four restaurants and bars, a 508-square-meter grand ballroom, three multi-functional meeting rooms, and an outdoor venue. Notable amenities comprise a 24-hour fitness center, a 143m² swimming pool, and the exclusive Ritz-Carlton Club offering cultural experiences.

Designed by KPF Architects with interiors by Peter Remedios, the hotel's architecture blends modern techniques with traditional Suzhou elements. The location provides strategic access to major transportation hubs, including Suzhou Railway Station with high-speed rail connections to Shanghai, Xi'an, and Guangzhou.

The Ritz-Carlton has announced its debut in Suzhou, China, marking its first venture into this historic city near Shanghai. Located in the Gusu District, the new hotel features 190 guest rooms, including 57 luxurious suites, positioned within walking distance to UNESCO World Heritage Sites.

The property, designed by KPF Architects with interiors by Peter Remedios, showcases modern interpretations of traditional Suzhou elements. The hotel offers three distinctive restaurants: Alkanna for modern bistro fare, Feng Pan Ting for tea culture, and Biao Xia for Huaiyang cuisine. Facilities include a 508-square-meter grand ballroom, three meeting rooms, a 24-hour fitness center, and an indoor swimming pool.

The hotel's strategic location, just three kilometers from Suzhou Railway Station with high-speed rail access, caters to both leisure and business travelers. The property features The Ritz-Carlton Club, exclusive amenities, and cultural experiences including traditional tea master performances and the Ritz Kids program.