Welcome to our dedicated page for Marriott Intl news (Ticker: MAR), a resource for investors and traders seeking the latest updates and insights on Marriott Intl stock.
Marriott International (MAR) is a global hospitality leader operating iconic hotel brands across 140+ countries. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic partnerships, and market performance.
Access official press releases, earnings reports, and analysis of MAR's asset-light business model, including franchise expansions and Marriott Bonvoy loyalty program enhancements. Our curated collection simplifies tracking of operational milestones across luxury, premium, and select-service hotel categories.
Discover updates on leadership changes, sustainability initiatives, and international market entries that shape MAR's position in the competitive lodging sector. Bookmark this page for streamlined monitoring of financial disclosures and brand portfolio developments critical to informed hospitality industry analysis.
Marriott International (NASDAQ: MAR) has launched a new program under Marriott Bonvoy offering flexible work options designed for remote workers. The program includes Day Pass, Stay Pass, and Play Pass packages, catering to individuals looking for alternatives to traditional home office environments. Data shows 42% of business professionals would consider hotel rooms for work. The offerings focus on amenities like reliable Wi-Fi, ample workspace, and access to hotel facilities. Currently available in select cities like Atlanta and New York, Marriott plans expansion to global markets.
Marriott International (Nasdaq: MAR) will release its third quarter 2020 earnings results on November 6, 2020, at 7:00 am ET. A conference call for investors will take place on the same day at 8:30 am ET, featuring President and CEO Arne Sorenson and CFO Leeny Oberg. The call will be accessible via Marriott's investor relations website and will have a listen-only option for media. A replay of the call will be available later that day until November 13, 2020.
Marriott operates over 7,400 properties globally under 30 brands.
Marriott International (Nasdaq: MAR) announced that Leeny Oberg, the company's CFO, will speak at the 2020 Bernstein European Strategic Decisions Conference on September 24, 2020, at approximately 10:30 a.m. ET. The event will be webcast live and is accessible via Marriott's investor website. The webcast will remain available until December 23, 2020. Marriott International operates over 7,400 properties in 135 countries and territories, featuring its esteemed travel program, Marriott Bonvoy™.
Marriott International, Inc. (Nasdaq: MAR) announced that CFO Leeny Oberg will speak at the 2020 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 14 at 9:40 a.m. ET. Her remarks will be available via live webcast. Attendees can access the event at www.marriott.com/investor, where the webcast will remain accessible until October 12, 2020. Marriott operates over 7,400 properties across 135 countries and offers the acclaimed Marriott Bonvoy™ travel program.
Arne Sorenson, CEO of Marriott International (Nasdaq: MAR), will speak at a live webcast hosted by Bank of America Securities on September 10, 2020, at approximately 10:00 a.m. ET. Interested parties can access the webcast via the Marriott investor relations website. The event will be available for replay until December 10, 2020. Marriott operates over 7,400 properties across 135 countries, providing hospitality and vacation ownership services. For more details, visit Marriott's investor site.
Marriott International, Inc. (Nasdaq: MAR) has announced its decision to withdraw its common stock from NYSE Chicago effective September 20, 2020, to reduce administrative costs. Trading of its common stock will be suspended on September 21, 2020, before the market opens. The company will maintain its listing on the Nasdaq Global Select Market. With over 7,400 properties across 135 countries, Marriott focuses on operating and franchising hotels along with vacation ownership resorts, while offering the Marriott Bonvoy™ travel program.
On August 28, 2020, Marriott International (NASDAQ: MAR) announced the opening of a dual-branded hotel in Yinchuan, China, comprising JW Marriott and Courtyard by Marriott. The hotel features 513 rooms and modern amenities, designed to cater to both luxury and business travelers. Located near major cultural attractions, it aims to enhance Marriott's presence in northwest China. The President of Greater China, Henry Lee, emphasized the significance of this opening amidst growing travel demand in the region. The hotel offers unique dining experiences and versatile event spaces.
Marriott International, based in Bethesda, Maryland, has launched new digital content to support meeting planners amid ongoing COVID-19 concerns. This initiative, part of the Commitment to Clean, includes enhanced sanitation guidelines, operational training, and technology integration. Key adjustments for meetings include mandatory face coverings, reduced seating capacities, and frequent cleaning. Marriott aims to foster confidence in hosting events through comprehensive resources available at MarriottBonvoyEvents.com, ensuring safety and quality standards are met in its extensive portfolio of over 7,400 properties.
Marriott International reported a significant decline in performance for the second quarter of 2020 due to COVID-19, with worldwide RevPAR down 84.4% and a diluted loss per share of $0.72. Adjusted EBITDA fell to $61 million from $952 million in the previous year. The company added over 11,400 rooms and maintained a strong development pipeline of 510,000 rooms. As of the end of Q2, net liquidity was approximately $4.4 billion. CEO Arne Sorenson noted early signs of demand recovery, particularly in Greater China, and emphasized efforts to bolster financial stability amid ongoing uncertainty.
Marriott International (Nasdaq: MAR) is set to report its second quarter 2020 earnings results on August 10, 2020, at 7:00 am ET. An accompanying conference call will take place at 8:30 am ET, featuring key executives discussing the company’s performance. The investor relations website will provide a live webcast of the event and a replay available until August 10, 2021. Marriott operates over 7,400 properties globally, managing a diversified portfolio across 30 brands.
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