Marriott Intl Inc Stock Price, News & Analysis

Marriott and SHOWTIME have launched a unique collaboration to celebrate the new anthology series The First Lady. Starting April, select Ritz-Carlton hotels will offer First Lady Suites, themed around iconic First Ladies. Each suite will showcase actual props from the show, including replicas of historical items and period costumes. Marriott Bonvoy members can bid for a stay using the Marriott Bonvoy Moments platform, which also includes access to a VIP premiere of the series on April 17. The initiative aims to enhance guest experiences through immersive storytelling.

Marriott Bonvoy commemorates six years as the Official Hotel Partner of the NCAA, enhancing fan experiences at March Madness events. This partnership encompasses all 90 NCAA championships, offering exclusive sports packages via the Marriott Bonvoy Moments platform. Fans can access unique experiences at hotels in tournament host cities, including VIP access and special hotel deals. With championships set for April 2022 in New Orleans and Minneapolis, Marriott aims to solidify its brand presence and enhance fan engagement across various NCAA events.

Marriott International (NASDAQ: MAR) has opened its 8,000th property, the Marriott Bethesda Downtown at Marriott HQ, in Bethesda, Maryland. This new 12-story hotel marks a significant milestone as the company celebrates its 95th anniversary. The hotel features locally-inspired design, three culinary concepts, and state-of-the-art meeting spaces. Prices start at $296 on weekdays and $159 on weekends. Marriott Bonvoy members can benefit from special opening offers, enhancing overall guest experience.

The Madrid EDITION, the city’s first luxury lifestyle urban resort, is set to open in March 2022. It features a unique design by Ian Schrager, combining modern elegance with rich cultural influences. This hotel includes two top-tier restaurants helmed by acclaimed chefs Enrique Olvera and Diego Muñoz, a rooftop pool, vibrant nightlife, and multiple event spaces. Located in the heart of Madrid, the EDITION aims to be a cultural hub, showcasing sophisticated dining and entertainment while reflecting the city's spirit.

Marriott International (NASDAQ: MAR) CEO, Anthony Capuano, will speak at the 2022 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. The event is scheduled for March 7, 2022, at approximately 1:25 p.m. Eastern Time. The remarks will be available via live webcast at www.marriott.com/investor and will remain accessible until April 6, 2022.

Marriott International operates nearly 8,000 properties in 139 countries, offering the award-winning travel program, Marriott Bonvoy.

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.