Marriott Intl Inc Stock Price, News & Analysis

The Ritz-Carlton Orlando, Grande Lakes has partnered with Corsa HQ to offer luxury car rentals, enhancing its guest experience. Available vehicles include brands like Rolls-Royce and Lamborghini, with rental prices ranging from $395 to $1,195. Guests receive gift cards worth $50 or $100 based on their rental choice. This partnership follows a $30 million renovation of the hotel, which includes upgraded guest rooms and new amenities. Corsa HQ promises a seamless rental experience with professional detailing and concierge service, available for diverse occasions.

W Hotels Worldwide, part of Marriott International, has opened the W Philadelphia, a 51-story hotel in downtown Philadelphia. Celebrating the city's street art and musical heritage, it features 295 guest rooms with panoramic views, a wellness-focused AWAY Spa, and diverse dining options. The hotel incorporates local artistry and historical references, aiming to redefine luxury through its unique design and vibrant social spaces. General Manager Edward Baten emphasized the hotel's homage to Philadelphia's culture and the commitment to enhancing the city's hospitality scene.

Marriott International reported a significant rebound in its second quarter 2021 results, with worldwide RevPAR up 262.6% from Q2 2020. The company achieved a net income of $422 million, contrasting a net loss of $234 million a year prior, while diluted EPS reached $1.28 compared to a loss per share of $0.72 last year. Marriott added nearly 25,000 rooms to its global portfolio, pushing the total development pipeline to 2,750 properties. The company remains optimistic about future growth despite ongoing uncertainties from COVID-19 variants, highlighting strong recovery in demand, especially in the U.S. and China.

Marriott International announced the launch of an updated human trafficking awareness training on July 30, aligning with World Day Against Trafficking in Persons. The training aims to educate all hotel staff to recognize and respond to human trafficking by 2025. Enhanced features include scenario-based modules and a mobile-friendly design, developed with input from trafficking survivors. Over 850,000 associates have completed prior training since its inception in 2016. Marriott plans to donate this updated training to the broader hospitality industry in early 2022.

Marriott International (NASDAQ: MAR) announced the redemption of its $400 million 3.125% Series N Notes due October 15, 2021, on August 9, 2021. The redemption price will be 100% of the principal amount plus accrued interest. Post-redemption, these notes will cease to be outstanding and interest will stop accruing. The company highlighted the forward-looking nature of its statements regarding the redemption timeline, noting potential risks and uncertainties that could impact actual outcomes.

Marriott International (NASDAQ: MAR) is set to announce its second quarter 2021 earnings results on August 3, 2021, at 7:00 am ET. A conference call will follow at 8:30 am ET, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing performance metrics. Investors can access the call via the company's investor relations website, with a replay available until August 2, 2022. The conference call can be tapped into at 1-706-679-3455 with conference ID 2952228. Marriott operates over 7,600 properties across 133 countries.

Marriott International has officially launched The Ritz-Carlton Maldives, Fari Islands, marking its debut in the Maldives. This luxury resort features minimalist architecture, 100 villas with stunning views, and seven diverse dining options, including a Michelin-star-inspired venue. Accessible via a short seaplane or boat ride, the resort emphasizes the local culture and environment through immersive programs. Designed by Kerry Hill Architects, it offers a unique experience blending luxury with nature.

Marriott International will have its CEO, Tony Capuano, speak at the 2021 Goldman Sachs Travel and Leisure Conference on June 8, 2021. His presentation is scheduled for approximately 8:25 a.m. Eastern Time and will be available via live webcast. Interested parties can access the webcast on Marriott's investor page.

The recorded webcast will remain accessible until August 31, 2021.

Marriott operates over 7,600 properties worldwide and is renowned for its travel program, Marriott Bonvoy.

The Luxury Collection, part of Marriott's portfolio, expands into South Korea with the opening of Josun Palace, a Luxury Collection Hotel, Seoul Gangnam. This historic hotel, originally built in 1914, offers modern amenities alongside Korean design. Guests can enjoy five dining options, a wellness club, and unique luxury experiences. The hotel is located near major attractions in Gangnam, enhancing Marriott's offerings in the region. Josun Palace emphasizes health safety with advanced sterilization and service options via smart devices.