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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 (MAR) reported strong Q4 2024 results with worldwide RevPAR increasing 5.0%, driven by 4.1% growth in U.S. & Canada and 7.2% growth in international markets. The company achieved fourth quarter reported net income of $455 million and adjusted net income of $686 million, with reported diluted EPS of $1.63 and adjusted diluted EPS of $2.45.
Notable achievements include record gross room additions of over 123,000 in 2024, leading to 6.8% net rooms growth. The company's development pipeline reached nearly 3,800 properties with over 577,000 rooms. Marriott returned over $4.4 billion to shareholders through dividends and share repurchases in 2024.
For 2025, Marriott projects worldwide RevPAR growth of 2-4% and net rooms growth of 4-5%. The company expects full-year 2025 adjusted EBITDA between $5,295-$5,435 million and adjusted EPS of $9.82-$10.19.
Marriott International has been recognized among FORTUNE Magazine's World's Most Admired Companies, maintaining its presence on the list since 1998. The company ranked first in the Hotels, Casinos, and Resorts category and placed 13th overall in this year's ranking.
The recognition follows other accolades, including FORTUNE and Great Place to Work's 100 Best Companies to Work For in 2024. Marriott's success is attributed to its people-first culture, highlighted by the launch of its 'Be' brand in 2023, which focuses on talent development and inclusivity.
Notable achievements include:
- Over 3.4 million associate volunteer hours in local communities worldwide in 2024
- 14.8 million total volunteer hours reported since 2016
- Training of more than 1.4 million associates in human trafficking awareness since 2016
- 2.2 million completions of trafficking awareness training by external hospitality professionals
The Ritz-Carlton, Naples has achieved LEED Silver Certification from the U.S. Green Building Council for its Vanderbilt Tower. The certification highlights the resort's commitment to environmental sustainability through various initiatives including sustainable site development, water savings, and energy efficiency.
The mixed-use Vanderbilt Tower features new Ocean View guest rooms and suites, the Mediterranean restaurant Sofra, and the largest Ritz-Carlton Club Lounge in North America. The property has also earned a 'Three Palm' designation under Florida's Green initiative for its conservation efforts.
The resort implements various sustainability measures including carbon offset options for event planners, waste reduction initiatives, and water conservation practices. Notable features include refillable bathroom dispensers to reduce plastic waste, optional reduced laundry services, and in-room recycling containers. The property also offers a Ritz Kids program in partnership with the Conservancy of Southwest Florida to promote environmental awareness.
Marriott International (MAR) reported exceptional growth in 2024, achieving 6.8% net rooms growth and record 123,000 gross room openings. The company signed over 1,200 deals (averaging 3 per day) representing nearly 162,000 rooms globally, with 34% coming from conversions.
Key highlights include strengthening its luxury portfolio with 658 properties across 74 countries, signing 61 luxury hotel deals, and expanding its affordable midscale segment through City Express by Marriott and StudioRes brands. The company's branded residences portfolio generated $2.1B in sales revenue, nearly double the previous year.
Marriott ended 2024 with over 9,300 properties across 144 countries and territories, including significant growth in all regions: U.S. & Canada (6,307 properties), APEC (record 109 deals), Greater China (record 161 deals), CALA (183 properties in pipeline), and EMEA (596 properties in pipeline). The company also expanded into outdoor lodging through Postcard Cabins acquisition and partnership with Trailborn.
Marriott International announced expansion plans for its City Express by Marriott brand into four new markets across the Caribbean and Latin America region: Argentina, Bolivia, Nicaragua, and Peru. The brand, which currently operates 153 hotels with 17,777 rooms in the CALA region, signed 12 new hotels (1,236 rooms) in 2024.
Eight new properties are expected to open over the next three years, including two hotels in Argentina (Iguazu and Añelo Neuquén), one in Bolivia (Santa Cruz), three in Nicaragua (Managua, Estelí, and Leon), and two in Peru (dual-brand property in Casma). These additions complement the brand's existing presence in Mexico, Chile, Colombia, and Costa Rica, following Marriott's acquisition of the City Express brand portfolio in 2023.
Marriott International (Nasdaq: MAR) has announced it will release its fourth quarter 2024 earnings results on Tuesday, February 11, 2025, at approximately 7:00 a.m. ET. The company will host a conference call at 8:30 a.m. ET the same day, featuring President and CEO Anthony Capuano and CFO Leeny Oberg discussing company performance.
The call will be accessible via webcast on Marriott's investor relations website, with replay and transcript availability. Dial-in options include US Toll Free: 800-274-8461 or Global: +1 203-518-9814 using conference ID MAR4Q24. A telephone replay will be available from February 11 to February 18, 2025.
Marriott operates a portfolio of nearly 9,100 properties across more than 30 brands in 142 countries and territories, offering the Marriott Bonvoy® travel program.
Marriott International (NASDAQ: MAR) has elected Sean Tresvant, CEO of Taco Bell Corp., as an independent director effective February 12, 2025. Tresvant will be included in the company's slate of nominees for the 2025 annual meeting of stockholders.
As Taco Bell's CEO, Tresvant has led significant company transformations, expanding domestic and international presence, increasing brand awareness through initiatives like Taco Bell's Taco Tuesday, and growing in-store and digital sales. Prior to Taco Bell, he spent over 15 years at Nike, ultimately serving as Chief Marketing Officer for the Jordan Brand.
With Tresvant's election, Marriott's board will expand to 13 directors, with 10 being independent. His appointment brings expertise in growth strategies, franchise operations, and brand development to Marriott's leadership structure.
The Ritz-Carlton, Bangkok has made its debut in Thailand, introducing a 260-key luxury hotel within the One Bangkok integrated district. Located in a 216-meter-high tower overlooking Lumpini Park, the property represents Marriott International's latest addition to its Luxury Group portfolio.
The hotel features distinctive amenities including three dining venues: Duet by David Toutain offering modern French cuisine, Lily's for contemporary sharing plates, and Caleō for afternoon tea and cocktails. The property boasts the city's largest Ritz-Carlton Grand Ballroom accommodating up to 1,200 people, a spa with five treatment rooms, two swimming pools, and an exclusive Club Lounge on the 23rd floor.
Guest accommodations range from 50-square-meter Deluxe Rooms to a 389-square-meter Ritz-Carlton Suite penthouse. The hotel emphasizes cultural experiences through daily activities including morning tai chi sessions, creative art tours, and traditional Klong Yao ceremonies.
Marriott International has signed an agreement with Xiamen Green Development Investment Group to introduce The Ritz-Carlton to Xiamen Island, Fujian Province. The project will be part of a mixed-use development featuring a 340-meter office tower, retail spaces, and Marriott Executive Apartments.
The Ritz-Carlton, Xiamen will offer 228 guest rooms, including 35 suites, multiple dining venues, 1,580 square meters of meeting space, and luxury amenities including a pool, fitness center, and spa. The adjacent Marriott Executive Apartments will feature 144 furnished apartments with dedicated facilities.
Located in the Siming District, the development offers convenient access to Xiamen Gaoqi International Airport, cultural sites, and Gulangyu Island. This expansion adds to Marriott's existing portfolio of five properties in Xiamen, a growing marine high-tech hub and tourist destination.
MGM Resorts International and Marriott International have officially launched W Las Vegas, transforming the 1,117-suite tower at Mandalay Bay into part of the W Hotels brand. Starting December 18, 2024, Marriott Bonvoy members can book stays and earn/redeem points at this new destination, which joins the MGM Collection with Marriott Bonvoy portfolio.
This marks another milestone in the strategic licensing agreement between both companies announced in 2023. The collaboration connects over 200 million Marriott Bonvoy members with MGM Resorts destinations across the U.S., while MGM Rewards members can status match across Marriott's global portfolio of approximately 9,000 properties. W Las Vegas becomes the 12th destination on the Las Vegas Strip within the MGM Collection.
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