Marriott Intl Inc Stock Price, News & Analysis

Carrier Global Corporation (NYSE: CARR) announced a collaboration with Marriott International on Feb. 16, 2022, to innovate hotel technologies. This partnership aims to enhance in-room environments and streamline hotel construction using modular building and IoT solutions. Carrier will form a dedicated team under a multi-year agreement to focus on sustainable construction practices. Both companies emphasize improving guest experiences and operational efficiencies in the hospitality sector.

Marriott International reported significant recovery in its fourth quarter 2021 results, with a 124.5% increase in worldwide comparable systemwide constant dollar RevPAR compared to Q4 2020, while still down 19% from Q4 2019. Reported net income surged to $468 million with diluted EPS of $1.42, compared to a loss last year. The company expanded its global footprint with over 86,000 new rooms added in 2021 and an ongoing development pipeline of 485,000 rooms. Despite challenges from the pandemic, Marriott remains optimistic about 2022 recovery.

The Luxury Collection, part of Marriott Bonvoy, has launched The Ocean Club, a Luxury Collection Resort on the northern coast of the Dominican Republic. Located near Puerto Plata Airport, this resort features 64 spacious suites, including a large Presidential Penthouse, and offers multiple dining options highlighting local cuisine. Amenities include three pools, a private beach, a marina, and a luxury spa. Rates start at $750 per night, including breakfast and airport transfers. This opening expands Marriott's luxury footprint in the Caribbean, appealing to global travelers seeking unique experiences.

J.W. Marriott, Jr. will retire as Executive Chairman of Marriott International (NASDAQ: MAR) in May after over 60 years of leadership. The Board has elected David S. Marriott as his successor, effective post-Annual Meeting. J.W. Marriott, Jr. will become Chairman Emeritus. Also joining the Board is Isabella D. Goren, former CFO of American Airlines, effective March 1, 2022. Goren's extensive experience in finance and operations is expected to benefit the company. Lawrence Kellner will retire as Lead Director, with Fritz Henderson appointed as his successor.

Marriott International (Nasdaq: MAR) will announce its fourth quarter 2021 earnings results on February 15, 2022, at 7:00 am ET. A conference call for investors will follow at 8:30 am ET, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing the company's performance. This event will be accessible via their investor relations website, with a replay available until February 14, 2023. The company operates nearly 8,000 properties globally, offering services under various brands and the Marriott Bonvoy® program.

AC Hotels by Marriott has opened a new property in the affluent Ballantyne neighborhood of Charlotte, North Carolina, on January 20, 2022. The AC Hotel Charlotte Ballantyne features 186 rooms and a range of amenities including a 24-hour fitness center, yoga studio, and the AC Lounge for dining. The hotel occupies the first seven floors of the Panorama Tower, which includes 100,000 square feet of Class A office space above. It marks Concord Hospitality's 11th property in North Carolina, emphasizing locally-sourced experiences and art.

The Ritz-Carlton, Dallas, has completed a multimillion-dollar renovation of its luxury spa, enhancing the 12,000 square foot facility with a tranquil garden-inspired design. The redesign, led by Dallas-based ForrestPerkins, incorporates a new treatment menu featuring the 'Diamond Facial' and 'Calm, Balance, and Delight' treatment. The spa aims to provide a luxurious experience with nature-inspired elements, including a striking hand-forged metal trellis and a fresh aesthetic throughout. Spa services start at $180, with reservations now available.

Marriott International (NASDAQ: MAR) reported strong growth in 2021, adding over 86,000 rooms and achieving a 3.9% increase in its system. By year-end, it operated nearly 8,000 properties globally, with 485,000 rooms in the pipeline. The company signed 599 agreements representing 92,000 rooms, predominantly outside the U.S. and Canada. Marriott's luxury segment expanded with 40 hotel deals, and its all-inclusive resort portfolio grew by 22 agreements. The extended stay segment flourished, accounting for 37% of room signings in North America. Marriott remains optimistic about future growth despite ongoing pandemic challenges.

The Luxury Collection Hotels & Resorts, part of Marriott Bonvoy, has opened The Tasman in Hobart, marking the brand's debut in Australia. This hotel features 152 guest rooms blending Georgian, Art Deco, and contemporary designs. Located near Salamanca Markets and historic Sullivan's Cove, it emphasizes local cuisine through its signature restaurant Peppina, run by Chef Massimo Mele. The hotel offers over 769 square meters of meeting space and aims to redefine Tasmania as a premier destination for travelers.