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, Inc. (NASDAQ: MAR) is a global hospitality company based in Bethesda, Maryland, USA, with a portfolio that includes thousands of properties under more than 30 brands in over 100 countries and territories. The MAR news page on Stock Titan aggregates company announcements, brand updates, financial communications, and other disclosures so investors and observers can see how Marriott’s strategy and operations are evolving.
Recent news highlights Marriott’s activity across luxury, lifestyle, and residential segments. The Ritz-Carlton Hotel Company, a wholly owned subsidiary of Marriott, features prominently, with announcements about The Ritz-Carlton Yacht Collection’s expanding fleet, including the debut of the superyacht Ilma with suites featuring private terraces, multiple dining venues, and itineraries in the Mediterranean, Caribbean, and Northern Europe. Other releases showcase destination-specific programming such as new Signature Experiences at The Ritz-Carlton, Amelia Island, which focus on culinary, wellness, and nature-based activities guided by local experts.
Investors following MAR news will also see corporate and capital markets updates. Marriott issues releases about upcoming earnings announcements, leadership changes across regions such as the U.S., Canada, CALA, and EMEA, and strategic realignments designed to support portfolio growth and owner relationships. Additional items cover topics like branded residential expansion in Europe, the Middle East and Africa, and updates on licensing relationships.
Because Marriott’s ecosystem includes brands such as The Ritz-Carlton and Design Hotels, the news flow also covers design-led independent hotels, fashion and lifestyle collaborations, and growth in branded residences. Bookmark this page to review Marriott’s earnings dates, leadership announcements, brand developments, and other company communications in one place.
W Hotels Worldwide, a division of Marriott International, opened its first luxury lifestyle hotel in Melbourne on February 4, 2021. Located at 408 Flinders Lane, W Melbourne showcases the city's rich culture with its unique design and vibrant atmosphere. The hotel features 294 guest rooms and 29 suites inspired by Melbourne's history, along with eclectic dining options led by renowned chefs. The property also boasts extensive event spaces, including the grand GREAT ROOM. This opening marks W's second hotel in Australia, aiming to redefine the luxury hotel experience in the region.
Marriott Bonvoy plans to open several select-service hotels in popular leisure destinations in 2021, responding to increased travel demand. Key openings include Moxy Miami South Beach, Aloft Tulum, AC Hotel by Marriott Maui Wailea, Residence Inn by Marriott Cancun Hotel Zone, and Courtyard by Marriott Mazatlán. As leisure travel rises, particularly for celebrations, Marriott aims to enhance its brand portfolio by focusing on accessible, amenity-rich stays. The global leisure travel market is projected to grow significantly by 2027, indicating strong potential for recovery.
Marriott International's CEO, Arne Sorenson, is temporarily reducing his schedule to undergo treatment for pancreatic cancer, which he was diagnosed with in May 2019. Despite this, Sorenson will remain involved in the company and a member of the board of directors. During his absence, two experienced executives, Stephanie Linnartz and Tony Capuano, will share the oversight of Marriott's day-to-day operations. The leadership team, supported by the board, aims to ensure the company continues to operate smoothly during this period.
Marriott International (NASDAQ: MAR) will announce its fourth quarter 2020 earnings results on February 18, 2021, at 7:00 am ET. A subsequent conference call for investors will take place at 8:30 am ET on the same day, featuring CEO Arne Sorenson and CFO Leeny Oberg. Investors can access the call via the company's investor relations website, with a replay available until February 17, 2022. Marriott operates over 7,500 properties worldwide, focusing on hotels and vacation ownership resorts.
Marriott International (Nasdaq: MAR) plans to expand its Asia Pacific portfolio with nearly 100 property openings in 2021, building on a successful 2020 when it launched its 800th hotel in the region. 27,000 new rooms have entered the development pipeline, including the largest branded residences project featuring almost 4,200 units. The company anticipates strong demand recovery, particularly in Greater China, and is introducing new luxury offerings. The impressive pipeline reflects Marriott's resilience and adaptability amidst the evolving travel landscape.
The Ritz-Carlton Orlando, Grande Lakes has completed a $30 million renovation, enhancing 582 guest rooms, a luxury pool, and the Club Lounge. Scheduled for completion in February 2021, the redesigned accommodations feature modern technology and a nature-inspired aesthetic. Guests can enjoy curated experiences from January 29-31, 2021, costing $750 per person. The renovations align with CDC guidelines, promising a safe environment. Grande Lakes Orlando offers diverse amenities, including a golf course and multiple dining options, supporting an upscale resort experience.
Marriott International announced new COVID-19 testing and health protocols for meetings at selected hotels in the U.S., starting January 2021. These measures, part of the Connect with Confidence program, allow meeting professionals to tailor health options such as self-administered tests, on-site testing, and health screenings. This initiative enhances existing hygiene protocols established by the Global Cleanliness Council, aiming to boost confidence among attendees and meeting planners during the pandemic.
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Marriott International's CEO, Arne Sorenson, will speak at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2020, at 1:00 p.m. ET. His remarks will be available via a live webcast, accessible through Marriott’s investor relations page. The recorded webcast will remain available until March 1, 2021.
Marriott, headquartered in Bethesda, Maryland, operates over 7,500 properties worldwide under 30 brands, offering services that include the Marriott Bonvoy travel program.
Marriott International (NASDAQ: MAR) announced a dramatic decline in third quarter 2020 performance due to COVID-19, with RevPAR down 65.9% globally. Reported diluted EPS was $0.31 versus $1.16 a year ago, while adjusted diluted EPS dropped to $0.06 from $1.47. Net income fell to $100 million compared to $387 million in 2019. Despite challenges, the company added over 19,000 rooms and reported a net liquidity of approximately $5.1 billion. CEO Arne Sorenson highlighted a positive demand trend and progress in cost management and operational adjustments amidst ongoing uncertainty.