Marriott Intl Inc Stock Price, News & Analysis

Marriott International (NASDAQ: MAR) filed a lawsuit on May 18, 2021, in Virginia against unknown robocall perpetrators exploiting its name for fraudulent purposes. The lawsuit aims to protect customers and the brand from deceptive telemarketing practices that have surged, with robocalls claiming to be from Marriott peaking at seven million per month by late 2020. Marriott is collaborating with experts to trace the robocall origins, affirming its commitment to halting these illegal activities and protecting consumer interests.

EDITION Hotels proudly announces the reopening of its two NYC locations: The New York EDITION on May 11, 2021, and The Times Square EDITION on June 1, 2021. With a renewed focus on luxury, both properties offer unique experiences, including new suites with stunning views and updated dining options. The New York EDITION features exclusive penthouses and a Michelin-starred restaurant, while The Times Square EDITION boasts outdoor dining led by renowned chefs. This revitalization aligns with NYC's cultural resurgence, welcoming both locals and tourists back to vibrant spaces.

Marriott reported a challenging first quarter of 2021, with a 46.3% decline in comparable systemwide RevPAR globally compared to 2020. The company's reported diluted loss per share was $0.03, down from a gain of $0.09 in the same period last year. Total net loss for the quarter was $11 million, a significant drop from $31 million in the previous year. Despite these challenges, Marriott added over 23,500 rooms globally and maintains a robust development pipeline of approximately 491,000 rooms. Net liquidity stands at $4.7 billion.

Marriott Bonvoy, the travel program of Marriott International (NASDAQ: MAR), has partnered with Uber (NYSE: UBER) to allow members to earn points on food deliveries via Uber Eats and select Uber rides. Members can earn six points per dollar spent on Uber Eats deliveries at Marriott hotels and three points per dollar on Uber XL, Comfort, and Black rides, with a minimum $25 spend. Users who link their accounts and complete a qualifying transaction by May 31 will receive 2,000 bonus points. This initiative aims to enhance member engagement while encouraging travel and everyday usage.

EDITION Hotels, part of Marriott International, announced plans to open eight new properties across three continents by the end of 2022. This expansion includes hotels in Rome, Madrid, Dubai, Reykjavik, Tampa, Doha, and Mexico's Riviera Maya, along with a second location in Tokyo. With this expansion, EDITION's portfolio will grow from 11 to 19 hotels globally. The new locations are set to reflect local cultures and include unique dining experiences, modern luxury services, and amenities.

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.