Welcome to our dedicated page for Marriott Intl news (Ticker: MAR), a resource for investors and traders seeking the latest updates and insights on Marriott Intl stock.
Marriott International, Inc. (NASDAQ: MAR) is a global hospitality company based in Bethesda, Maryland, USA, with a portfolio that includes thousands of properties under more than 30 brands in over 100 countries and territories. The MAR news page on Stock Titan aggregates company announcements, brand updates, financial communications, and other disclosures so investors and observers can see how Marriott’s strategy and operations are evolving.
Recent news highlights Marriott’s activity across luxury, lifestyle, and residential segments. The Ritz-Carlton Hotel Company, a wholly owned subsidiary of Marriott, features prominently, with announcements about The Ritz-Carlton Yacht Collection’s expanding fleet, including the debut of the superyacht Ilma with suites featuring private terraces, multiple dining venues, and itineraries in the Mediterranean, Caribbean, and Northern Europe. Other releases showcase destination-specific programming such as new Signature Experiences at The Ritz-Carlton, Amelia Island, which focus on culinary, wellness, and nature-based activities guided by local experts.
Investors following MAR news will also see corporate and capital markets updates. Marriott issues releases about upcoming earnings announcements, leadership changes across regions such as the U.S., Canada, CALA, and EMEA, and strategic realignments designed to support portfolio growth and owner relationships. Additional items cover topics like branded residential expansion in Europe, the Middle East and Africa, and updates on licensing relationships.
Because Marriott’s ecosystem includes brands such as The Ritz-Carlton and Design Hotels, the news flow also covers design-led independent hotels, fashion and lifestyle collaborations, and growth in branded residences. Bookmark this page to review Marriott’s earnings dates, leadership announcements, brand developments, and other company communications in one place.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Marriott International (Nasdaq: MAR) announced the first 19 projects to receive support from its Bridging the Gap program, aimed at enhancing hotel development among historically underrepresented groups. This initiative follows a $50 million investment made in 2022 to facilitate ownership for Black, Hispanic, Native American, and women developers. The projects, including various hotel brands such as Aloft and Residence Inn, are expected to reach a total asset value of $1 billion within three years. The program seeks to remove barriers to entry in hotel ownership through financial support and expert guidance from experienced developers and lenders. The announcement also coincides with the upcoming She Has a Deal pitch competition on April 27-28, showcasing efforts to boost women's representation in hotel ownership.
Marriott International, Inc. (Nasdaq: MAR) will announce its first quarter 2023 earnings on May 2, 2023, at approximately 7:00 am Eastern Time. A conference call for investors will follow at 8:30 am ET, featuring CEO Anthony Capuano and CFO Leeny Oberg to discuss company performance.
The call will be accessible via their investor relations website and will include a replay option available until May 9, 2023. Marriott operates nearly 8,300 properties across 138 countries, known for its rewards travel program, Marriott Bonvoy®.
Marriott International (NASDAQ: MAR) has been named one of Fortune's 100 Best Companies to Work For for the 26th consecutive year, underscoring its commitment to employee welfare. As part of this initiative, Marriott is launching a new people brand called "Be", aimed at enhancing the recruitment and retention of talent across its global workforce. The brand emphasizes three pillars: begin, belong, and become, and will be implemented across over 8,300 properties. Marriott added over 200,000 associates last year and continues to offer competitive benefits, including an Employee Stock Purchase Plan and increased retirement savings matches.
The Ritz-Carlton has officially opened its doors in Melbourne, Australia, marking a significant addition to Marriott Bonvoy's portfolio. The new hotel, located 80 stories high, offers luxury accommodations, with 257 rooms designed to showcase stunning city views. Guests can enjoy upscale amenities, including three distinct culinary venues, a spa, and versatile event spaces. The hotel's design celebrates Melbourne's rich culture and heritage. With a focus on personalized service and unique experiences, The Ritz-Carlton, Melbourne aims to become a premier destination for both travelers and locals.
Marriott International, Inc. (NASDAQ: MAR) appointed Lauren Hobart and Grant Reid as independent directors, effective March 15, 2023. Hobart, CEO of DICK'S Sporting Goods, is noted for her transformative leadership and commitment to inclusivity. Reid, former CEO of Mars, has a distinguished record in company growth, significantly increasing Mars' annual sales to nearly $45 billion. Their addition to the board aims to enhance Marriott's strategy focusing on technological innovation and strong company culture. The board will grow to 14 members, with 11 independent directors anticipated, as it prepares for the upcoming 2023 annual meeting of stockholders.
On March 10, 2023, Marriott International (NASDAQ: MAR) announced it received regulatory approval from Mexico's COFECE for acquiring the City Express brand portfolio from Hoteles City Express. This acquisition aims to expand Marriott's presence in the affordable midscale segment, adding approximately 150 hotels and 17,000 rooms across Mexico and Latin America. Following the anticipated closure in Q2 2023, Marriott will enhance the City Express brands with its signature 'by Marriott' endorsement, positioning itself as the largest hotel company in the Caribbean and Latin America with over 480 properties across 37 countries.