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Marriott International Announces Significant Growth and Strategic Expansion in the Caribbean and Latin America in 2025

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Marriott (Nasdaq: MAR) reported record 2025 growth in the Caribbean and Latin America (CALA), signing 94 deals and adding 10,461 rooms to the development pipeline—an increase of 40% in signed transactions and >30% in signed rooms versus 2024.

The company opened 39 properties (4,292 rooms), growing to 555 open properties and >95,000 rooms across 37 countries. Conversions accounted for ~30% of 2025 signed rooms, with 45 conversion projects (>6,000 rooms) in the pipeline. Luxury and all-inclusive segments expanded, and City Express by Marriott led midscale growth with 28 deals (3,188 rooms).

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Positive

  • Signed deals +40% YoY (94 deals in CALA)
  • Pipeline expanded by 10,461 signed rooms in 2025
  • Opened 39 properties representing 4,292 rooms in 2025
  • Luxury footprint: 71 open hotels and 38 pipeline hotels (>18,000 rooms)
  • City Express by Marriott: 28 deals for 3,188 rooms

Negative

  • None.

News Market Reaction – MAR

+0.01%
1 alert
+0.01% News Effect

On the day this news was published, MAR gained 0.01%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Signed deals 2025 CALA: 94 deals Rooms added to pipeline: 10,461 rooms Increase in signed transactions: 40 percent +5 more
8 metrics
Signed deals 2025 CALA 94 deals Record signings in Caribbean and Latin America in 2025
Rooms added to pipeline 10,461 rooms CALA signed deals contribution to pipeline in 2025
Increase in signed transactions 40 percent Growth in CALA signed transactions vs 2024
Increase in signed rooms more than 30 percent Growth in CALA signed rooms vs 2024
New properties opened 2025 39 properties / 4,292 rooms CALA portfolio expansion during 2025
CALA footprint year-end 2025 555 properties / more than 95,000 rooms Open hotels across 37 countries and territories
2025 conversion signings nearly 30 properties / 3,000 rooms CALA deals signed under conversion model in 2025
Luxury footprint CALA 71 open / 38 pipeline hotels More than 18,000 luxury rooms at year-end 2025

Market Reality Check

Price: $352.95 Vol: Volume 2,226,267 is 13% a...
normal vol
$352.95 Last Close
Volume Volume 2,226,267 is 13% above the 20-day average, indicating elevated interest. normal
Technical Price $335.91 is trading above the 200-day MA of $286.22 and about 9.21% below the 52-week high.

Peers on Argus

MAR gained 1.65% with sector peers mostly higher: HLT +2.66%, IHG +4.71%, H +5.2...

MAR gained 1.65% with sector peers mostly higher: HLT +2.66%, IHG +4.71%, H +5.22%, WH +1.04%, while HTHT -0.9% lagged, suggesting a broadly constructive lodging backdrop alongside MAR’s CALA growth news.

Historical Context

5 past events · Latest: Feb 25 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 25 Conference appearance Neutral +1.3% Executives scheduled to speak at J.P. Morgan leisure forum with webcast access.
Feb 12 Dividend declaration Positive -0.3% Quarterly cash dividend of $0.67 per share announced with March 31 payment date.
Feb 11 Brand collaboration Neutral -0.2% Ritz-Carlton and Kilometre Paris launched limited-edition travel accessory capsule.
Feb 10 Earnings results Positive +8.5% Q4 and FY 2025 results with RevPAR growth, strong EPS and EBITDA, and capital returns.
Jan 26 Global growth update Positive -0.9% Reported robust 2025 global expansion, pipeline growth, and conversion-driven deal activity.
Pattern Detected

The stock often reacts positively to strong fundamental updates like earnings, but growth and expansion headlines have previously seen mixed or slightly negative next-day moves.

Recent Company History

Over recent months, Marriott has highlighted a series of positive milestones. On Jan 26, 2026 it reported strong global 2025 growth, and on Feb 10, 2026 it delivered solid Q4 and full-year 2025 results, with a +8.5% next-day move. A quarterly dividend declaration on Feb 12, 2026 and various brand and partnership announcements followed, producing modest, sometimes negative reactions. Today’s CALA-focused expansion update continues the theme of rooms growth and portfolio diversification, but at a regional level.

Market Pulse Summary

This announcement underscores Marriott’s record 94 CALA deals in 2025, adding 10,461 rooms to the pi...
Analysis

This announcement underscores Marriott’s record 94 CALA deals in 2025, adding 10,461 rooms to the pipeline and expanding to 555 open properties and more than 95,000 rooms. Luxury, all-inclusive, and midscale growth, particularly via conversions, complements earlier global and earnings updates. Investors may track execution on the CALA pipeline, luxury openings slated through 2029, Brazil’s multi-unit midscale buildout, and any balance-sheet shifts following recent senior note issuance when assessing longer-term impact.

AI-generated analysis. Not financial advice.

Marriott International celebrated a momentous 2025 in its CALA region, with a record 94 signed deals and the addition of nearly 40 properties, strengthening its diversified portfolio from midscale to luxury, and all-inclusive to residential.

PLANTATION, Fla., March 4, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR, "Marriott") announced an outstanding year of growth in its Caribbean and Latin America (CALA) region in 2025. The company achieved a record 94 signed deals in the region, adding 10,461 rooms to the pipeline, an increase of 40 percent in signed transactions and more than 30 percent in signed rooms compared to 2024. This performance reinforces Marriott's long-term commitment to diversified expansion and meeting evolving owner interests in the CALA region.

In 2025, Marriott expanded its portfolio with 39 properties and 4,292 rooms, growing its regional footprint to 555 open properties and more than 95,000 rooms across 37 countries and territories by year end.

"In 2025, Marriott solidified its leadership position in Caribbean and Latin America once again as the largest hotel company in the region, marked by another year of market-leading growth. This expansion reflects Marriott's adaptability and innovation," said Brian King, President of Enterprise Transformation and the Caribbean and Latin America. "Our focus has been on listening to the wishes of travelers and responding with an unparalleled brand portfolio, offering everything from luxury resorts to approachable midscale solutions. This success is the result of a shared vision with our owners and investors, and the commitment of our teams to deliver exceptional experiences in every destination."

Conversions were a key driver of Marriott's signings growth across CALA in 2025, with nearly 30 properties and 3,000 rooms signed under this model. Approximately 30 percent of the rooms signed in 2025 are attributed to conversions, underscoring the agility of Marriott's brand portfolio and its ability to unlock value by providing owners with an efficient option to renovate and rebrand existing assets. At year‑end 2025, the CALA development pipeline included 45 conversion projects representing more than 6,000 rooms.

"2025 set another important milestone for Marriott's development in the Caribbean and Latin America, with record deal activity and organic room signings that continue to expand our footprint and pipeline," said Laurent de Kousemaeker, Chief Development Officer of Marriott International for the Caribbean and Latin America. "We are now leading across all segments in the region, including midscale, which the company only entered a few years ago. This success is a reflection of the strength of our portfolio and the team's dedication, and I could not be prouder of what this team has achieved and the momentum we carry into the year ahead."

Elevating the Resort Landscape Through Luxury and AllInclusive Growth

At year end, Marriott's luxury footprint in the region included 71 open properties and 38 pipeline hotels, representing more than 18,000 rooms across CALA. Marriott continued to elevate its luxury portfolio responding to luxury travelers' interest in escaping to some of the world's most remarkable and remote destinations. In 2025, the company celebrated the opening of two gems in the luxury segment: Nekajui, a Ritz-Carlton Reserve in Costa Rica, and Siari, a Ritz-Carlton Reserve in Mexico, offering exclusive sanctuaries in remote and captivating destinations.

In 2025, Ritz‑Carlton Reserve also broke ground in Southern Eleuthera, The Bahamas, with Cotton Bay, a RitzCarlton Reserve and Residences, anticipated to open in 2029, while Bvlgari Hotels and Resorts announced the upcoming arrival of the brand in CALA with Bvlgari Resort & Residences, Cave, Exuma in The Bahamas, also planned to open in 2029.

The company's all-inclusive portfolio also flourished in CALA, highlighted by the opening of Paraiso de la Bonita, a Luxury Collection Resort, Riviera Maya, Adult All-Inclusive and W Punta Cana, Adult All-Inclusive, the world's first all‑inclusive W Hotel, which combines the brand's vibrant design with elevated service and story‑worthy experiences. The JW Marriott Costa Elena Resort All-Inclusive in Costa Rica is also set to debut in 2026 as the first all‑inclusive JW Marriott resort in CALA. These projects further reinforce Marriott's position as a leader in delivering luxury all‑inclusive operations and experiences for the most discerning travelers.

Midscale Segment Momentum Continues with City Express by Marriott

Simultaneously, the company's midscale segment experienced extraordinary growth in 2025, led by the expansion of the City Express by Marriott brand. The company signed 28 City Express by Marriott deals across CALA for 3,188 rooms, several of which mark the brand's planned expansion into seven countries and territories: Argentina, Brazil, Dominican Republic, El Salvador, Guyana, México, and Puerto Rico. Looking ahead to 2026, the company anticipates the opening of 6 City Express by Marriott properties, including market entries into Argentina, Nicaragua, and El Salvador.

City Express by Marriott expansion in Brazil continued in 2025. The company signed 13 deals representing more than 1,400 rooms, including seven hotels announced in July that mark the brand's anticipated debut in the market. This milestone is part of a broader multi‑unit development agreement with FÁBRICA DE HOTÉIS in Brazil, anticipated to add 30 City Express by Marriott properties across Brazil's Northeast region to the brand's portfolio over the next 15 years.

As of year-end, City Express by Marriott had nearly 150 open hotels in the region representing more than 17,700 rooms, and a pipeline of 46 deals and over 5,200 rooms.

Brazil: Powering the Next Phase of Expansion

Brazil continues to be a key strategic market for Marriott in CALA, showing diversified growth and development. Currently, Marriott's portfolio in Brazil includes 15 properties in Brazil across 9 distinct brands, representing 3,779 rooms, with 21 properties and 4,000 rooms in the signed pipeline.

Recent openings include The Westin São Paulo, inaugurated in June 2025, and the upcoming Tropical Hotel da Amazônia, a Tribute Portfolio Hotel, slated to open in 2026. Marriott has also recently signed key agreements that further reinforce its commitment to leisure development in Brazil, including projects such as The Westin João Pessoa, an AllInclusive Resort. This diversified growth strategy—spanning resorts, upper‑upscale, and midscale offerings—highlights the strength, adaptability, and broad appeal of Marriott's brand portfolio in meeting the evolving needs of Brazil's diverse hospitality market.

Marriott reaffirms its commitment to elevating hospitality across CALA by expanding a diverse portfolio that offers flexible, compelling opportunities for hotel owners. The company continues to support new ways of traveling while celebrating the region's rich culture, diversity, and distinctive sense of place.

NOTE ON FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to our expectations regarding deal signings and expected future project openings; our development pipeline; the pace and momentum of development activity, conversion activity and growth in certain segments and product tiers; brand debuts in certain markets; and similar statements concerning anticipated future actions and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at https://news.marriott.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-announces-significant-growth-and-strategic-expansion-in-the-caribbean-and-latin-america-in-2025-302703603.html

SOURCE Marriott International, Inc.

FAQ

How many deals did Marriott (MAR) sign in CALA in 2025 and what was the room impact?

Marriott signed 94 deals in CALA in 2025, adding 10,461 rooms to the pipeline. According to the company, this represented a 40% increase in signed transactions and more than 30% growth in signed rooms versus 2024.

What openings and total portfolio size did Marriott (MAR) report for CALA at year‑end 2025?

Marriott opened 39 properties totaling 4,292 rooms in 2025 and reported 555 open properties with over 95,000 rooms across 37 countries. According to the company, these figures reflect its expanded regional footprint at year end.

How significant were conversions in Marriott's (MAR) 2025 CALA growth strategy?

Conversions accounted for about 30% of rooms signed in 2025, with nearly 30 properties (≈3,000 rooms) converted. According to the company, the CALA pipeline includes 45 conversion projects representing more than 6,000 rooms.

What progress did Marriott (MAR) make in luxury and all‑inclusive segments in CALA in 2025?

Marriott's luxury footprint ended 2025 with 71 open properties and 38 pipeline hotels, totaling over 18,000 rooms. According to the company, new luxury openings included two Ritz‑Carlton Reserve properties and several all‑inclusive brand debuts.

What expansion did City Express by Marriott report in CALA for 2025 and into 2026?

City Express by Marriott signed 28 deals for 3,188 rooms in 2025 and had nearly 150 open hotels in the region. According to the company, six City Express openings are anticipated in 2026, including new country entries.