Marriott Intl Inc Stock Price, News & Analysis

Discover Puerto Rico and Marriott International have launched the Live Boricua Experience Packages, featuring culturally immersive rooms and local amenities aimed at enhancing visitor experiences. Available at select Marriott properties from October 15, 2022, to January 22, 2023, these packages focus on Puerto Rican culture by incorporating local brands and unique activities. Offerings include chocolate tastings, rum, and heritage tours, highlighting the island's diverse talent. This collaboration aims to showcase Puerto Rico's unique culture and local artisans.

Marriott International, Inc. (NASDAQ: MAR) is scheduled to report its third quarter 2022 earnings results on November 3, 2022, at 6:30 a.m. ET. A conference call will follow at 8:00 a.m. ET, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing performance metrics. The call will be accessible via Marriott’s investor relations website and a replay will be available until November 2, 2023. Marriott operates over 8,100 properties globally, offering the Marriott Bonvoy® travel program.

Marriott International has signed an agreement with Bain Capital Credit and Omnam Group to introduce its EDITION Hotels brand to Lake Como, Italy. The hotel is set to open in 2025, featuring 145 guest rooms, including two penthouse suites, multiple restaurants, and a floating pool. The project aims to revitalize a 19th-century building while honoring its history. This partnership illustrates strong demand for luxury accommodations and supports Marriott's expansion in Europe, where it has over 719 properties.

The unveiling of The Tampa EDITION marks a significant development in Tampa, Florida, enhancing its status as a vibrant urban destination. This five-star hotel is part of the ambitious $3.5 billion Water Street Tampa project, spearheaded by Strategic Property Partners. Designed by Ian Schrager, the EDITION features 172 rooms, high-end restaurants, and wellness facilities, reflecting a blend of luxury and local culture. Set to preview on September 20, the hotel aims to redefine Tampa's urban landscape and elevate its international appeal as a gateway city in southern Florida.

Marriott International (Nasdaq: MAR) announced that Leeny Oberg, CFO and EVP of Business Operations, will speak at the 2022 Bank of America Securities Gaming and Lodging Conference on September 8 in New York. Her remarks are scheduled for 8:40 a.m. Eastern Time and will be available via a live webcast. Interested parties can access the webcast on Marriott's investor relations page, with availability until October 8. Marriott operates over 8,100 properties across 139 countries and territories, offering a range of hospitality services and the Marriott Bonvoy® loyalty program.

Marriott Hotels has opened the new Barranquilla Marriott Hotel in Barranquilla, Colombia, enhancing its presence in this vibrant cultural hub. The hotel features 191 guest rooms, modern amenities, and versatile meeting spaces, catering to both business and leisure travelers. Local cuisine is highlighted in two restaurants and a bar. The hotel, inspired by the rich local culture, aims to offer exceptional service and experiences. Marriott's ongoing expansion is evidenced by this addition to its portfolio, further establishing its foothold in Latin America.

W Hotels, a part of Marriott's portfolio, has opened the W Costa Navarino in Greece, marking its debut in the country. This 32-acre retreat, exclusively for adults, offers stunning Mediterranean views and sustainable design. Key features include locally inspired architecture, art installations, and varied dining options like W Lounge and Platía, which highlight Greek cuisine. The resort aims to blend luxury with local culture and is set to host diverse musical events. This opening is anticipated to enhance Marriott's presence in the Mediterranean region.

Marriott International reported strong second quarter 2022 results with RevPAR increasing by 70.6% worldwide compared to 2021. Adjusted diluted EPS rose to $1.80 from $0.79 a year ago. The company added nearly 17,000 rooms globally, expanding its development pipeline to 495,000 rooms. Share repurchases resumed, with $300 million in stock bought back. Net income reached $678 million, highlighting recovery momentum as travel demand picks up, particularly in the U.S. and international markets.