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.
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.
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.