Marriott Intl Inc Stock Price, News & Analysis

Marriott International (Nasdaq: MAR) is set to report its first quarter 2021 earnings on May 10, 2021, at 7:00 am ET, followed by a conference call at 8:30 am ET. The call will feature insights from CEO Anthony Capuano and CFO Leeny Oberg. Investors can access the call through the company's investor relations website, with a replay available until May 9, 2022. Marriott operates over 7,600 properties across 133 countries, offering its Marriott Bonvoy travel program.

Marriott International has launched a pilot program for contactless arrival kiosks at select hotels and a proof-of-concept for grab-and-go marketplaces at two locations. These initiatives aim to enhance traveler confidence by integrating technology within the company's Commitment to Clean program. The pilot kiosks, located in New York and Louisiana, allow guests to check in with minimal contact, while the marketplaces provide convenient access to food and beverages. Marriott's focus on contactless services responds to increasing consumer demand for safety and convenience in travel.

W Hotels Worldwide has launched its first hotel in Japan, the W Osaka, located on Midosuji Boulevard. This luxury hotel features a striking black monolith façade and colorful interiors designed by renowned architect Tadao Ando and the design studio concrete. The hotel offers 337 guestrooms, unique dining experiences, and a variety of amenities, aiming to cater to both international travelers and locals. With its vibrant atmosphere, W Osaka is poised to transform the local hospitality scene.

Marriott International marked significant milestones in its Marriott Bonvoy portfolio by opening the 200th Autograph Collection hotel, 50th Tribute Portfolio hotel, and preparing to launch the 120th Luxury Collection hotel. In 2021, the company plans to expand these brands to nearly 70 new locations globally, including 24 new market entries. The unique offerings cater to travelers seeking individualized experiences, with a notable interest in independent properties that showcase local culture. Recent trends show a marked increase in consumer interest for boutique and luxury hotels.

Marriott International (NASDAQ: MAR) has elected David Marriott and Horacio Rozanski to its Board of Directors, effective March 15, 2021. This expansion brings the board to 13 members, with nine being independent. David Marriott will step down as President, U.S. Full Service Managed by Marriott by the end of April, as he is anticipated to assume the role of Chairman of the Board in 2022. Both new members are noted for their extensive experience, which the company seeks to leverage for recovery from the COVID-19 pandemic.

Marriott International announced that Leeny Oberg, CFO, will present at the 2021 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 12, 2021, at 10:15 a.m. ET. The event will be available via live webcast on the company's investor relations site. This webcast will remain accessible until April 11, 2021. Marriott, based in Bethesda, Maryland, operates over 7,600 properties across 30 brands worldwide, offering the Marriott Bonvoy™ travel program. For further details, visit www.marriott.com/investor.

Marriott Bonvoy's longer stay brands, including Element Hotels, Residence Inn, and TownePlace Suites, announced new openings, enhancing options for travelers. The initiative aims to offer spacious and comfortable extended stays, emphasizing amenities like in-room kitchens and business centers. With nearly 1,400 hotels globally, these brands represent 30% of the extended stay market, supported by a pipeline of 575 additional properties. Promotions include savings for extended stays and grocery gift cards for longer bookings. This strategy targets travelers blending business and leisure.

The new Austin Marriott Downtown opens, aiming to enhance hospitality in downtown Austin with modern design and amenities, inspired by local culture. This 31-story hotel features 613 guest rooms, including 25 suites, maximizing views of the city and Lady Bird Lake. Notable dining options include Zanzibar, a rooftop bar, and Corinne, a restaurant serving regional classics. The hotel offers 60,000 square feet of flexible meeting space, adhering to health safety protocols. A grand opening offer includes 15% off room rates through May 30.

Marriott International (NASDAQ: MAR) announced the launch of its Vaccination Care Program, incentivizing U.S. and Canadian associates at managed properties with a four-hour pay equivalent for COVID-19 vaccinations. The initiative aims to promote vaccination among employees and alleviate barriers to getting vaccinated. While vaccination is encouraged, it is not mandatory. The company believes that widespread vaccination, alongside stringent health protocols, will bolster consumer confidence in travel, aiding the industry's recovery.