Marriott International (MAR) reports developments across a global lodging portfolio that spans luxury, premium, select, midscale, extended stay and all-inclusive brands. The company franchises, operates and licenses hotel, residential, timeshare, yacht, outdoor and other lodging products, and supports its brands through the Marriott Bonvoy travel platform.
Recurring news includes earnings releases, dividend actions, hotel openings, brand conversions, management agreements, regional development activity and executive appearances at lodging and leisure industry events. Updates also cover brand-specific expansion such as W Hotels and St. Regis, as well as growth across markets including the Caribbean, Latin America, Italy and Hawai'i.
The Westin Galleria Houston and The Westin Oaks Houston have unveiled transformed event spaces, boasting over 90,000 square feet for events accommodating up to 1,200 guests. Located in Houston's Galleria mall, these hotels focus on customer service and offer a range of customizable cuisine and personalized solutions. The venues feature a mix of modern and classic aesthetics and elevated cleanliness standards according to Marriott's protocols. Guests can enjoy redesigned rooms, fitness facilities, and a commitment to wellness.
On November 22, 2021, Marriott International's CEO, Anthony Capuano, announced his participation at the 2021 Morgan Stanley Virtual Global Consumer & Retail Conference on December 1. His remarks are scheduled for 2:25 p.m. Eastern Time and will be available via live webcast. To access the webcast, visit marriott.com/investor. The recorded webcast will be accessible until January 1, 2022.
On November 15, 2021, JW Marriott Orlando Bonnet Creek Resort & Spa launched its new Family Suites, designed to enhance family bonding during stays. Each suite accommodates up to nine guests, featuring two bedrooms, kid-friendly loft beds, and amenities that promote restful sleep. The suites are part of JW Marriott's Family by JW programming, responding to rising demand for larger family accommodations near Walt Disney World. Rates for the suites start at $999, with an exclusive 'Sleepy Snack' menu aimed at improving sleep quality for both children and adults.
Marriott Bonvoy® has announced that The Ritz-Carlton Yacht Collection will officially join its travel program starting November 9, 2021. This addition allows Marriott Bonvoy members to earn and redeem points for luxury voyages beginning May 6, 2022. Members can earn five points per $1 spent on cruise fares and enjoy various elite benefits, such as an exclusive reception upon boarding. The Ritz-Carlton Yacht Collection enhances the program's offerings, which currently includes over 30 hotel brands and 7,900 properties worldwide.
In Q3 2021, Marriott International (NASDAQ: MAR) reported a 118.4% increase in comparable systemwide constant dollar RevPAR worldwide compared to Q3 2020, with the U.S. & Canada seeing a 134.7% increase. However, RevPAR fell 25.8% globally compared to Q3 2019. Net income rose to $220 million from $100 million a year earlier, with adjusted diluted EPS increasing to $0.99. The company added approximately 17,500 rooms, growing its development pipeline to 2,769 properties worldwide. Marriott expects a 3.5% net room growth for 2021.
The Ritz-Carlton Hotel Company announces the opening of The Ritz-Carlton, Mexico City, enhancing the city’s skyline. Located on the Paseo de Reforma, the hotel features 153 guest accommodations and offers stunning views of Chapultepec Park. Designed with a cultural lens, the hotel pays tribute to notable Mexican artists and incorporates traditional elements into its decor. Guests can explore culinary experiences at the 38th-floor restaurant Samos, and enjoy amenities like The Ritz-Carlton Spa and Club Lounge. This opening strengthens Marriott's portfolio in vibrant markets.
The Reykjavik EDITION, opening on November 9, 2021, marks the first luxury hotel in Iceland's capital, combining local culture with EDITION's signature style. Designed by Ian Schrager in collaboration with local architects, the hotel features 253 rooms, various dining options including Tides restaurant helmed by chef Gunnar Karl Gíslason, and a unique social wellness spa. Set against breathtaking views, the hotel enhances Reykjavik's appeal as a cosmopolitan destination, aimed at affluent travelers seeking exclusive experiences.
Marriott International (NASDAQ: MAR) announced the retirement of Executive VP and Global Chief Human Resources Officer David Rodriguez at the end of October 2021, after a 23-year career. Ty Breland, a 17-year veteran of the company, will succeed him. Rodriguez contributed to Marriott's recognition as a top workplace, establishing policies focused on associate wellbeing and diversity. Breland has held senior HR roles, overseeing talent management and operational strategy. With approximately 7,800 properties in 138 countries, Marriott continues to prioritize a people-first culture.
Marriott International, Inc. (NASDAQ: MAR) will announce its third quarter 2021 earnings results on November 3, 2021, at 7:00 am ET. A conference call for investors will follow at 8:30 am ET, featuring CEO Anthony Capuano and CFO Leeny Oberg discussing company performance. Participants can access the call via Marriott's investor relations website and via phone at 1-203-518-9704 (Conference ID: MAR3Q21). Replays will be available until November 10, 2021.
St. Regis Hotels & Resorts aims to enhance its status in luxury hospitality by nearly doubling its resort portfolio to 29 by 2025. With 49 existing properties, the brand plans to introduce 11 new resorts in prime destinations like the Caribbean, North America, and Asia Pacific. Notable upcoming openings include The St. Regis Los Cabos Resort in 2023 and The St. Regis Kanai Resort in 2022. This expansion represents a significant growth trajectory of around 60% over five years, reinforcing the brand's commitment to luxury experiences for modern travelers.