Marriott Intl Inc Stock Price, News & Analysis

The Ritz-Carlton, Naples announces the release of Cookies & Cocktails, a holiday cookbook featuring recipes from Executive Pastry Chef Lerome Campbell and resort mixologists. The cookbook, priced at $24.99, will be available from December 9, 2024, at The Ritz-Carlton, Naples and The Ritz-Carlton Naples, Tiburón locations. Proceeds will support hunger and poverty relief programs in Southwest Florida. The launch coincides with the unveiling of the resort's 2024 life-size Gingerbread House display, open nightly through December 24. The resort is also hosting various holiday events including Breakfast with Santa, Gingerbread House Decorating Classes, Teddy Bear Tea, and a NYE Black-Tie Gala.

Marriott International (MAR) has signed an agreement with New Development Group to open the second EDITION Hotel in Shanghai by 2026. Located in the Putuo District near Changfeng Park, the property will feature 278 luxurious rooms and suites with views of Suzhou Creek. The hotel will include three restaurants, two bars, a swimming pool, gym, spa, and meeting facilities.

This development expands Marriott's luxury portfolio in Greater China, which currently includes over 70 hotels. The project, designed by SCDA, aims to blend urban excitement with peaceful retreat, offering guests a unique luxury experience in one of Shanghai's dynamic commercial areas.

Marriott International (Nasdaq: MAR) announced that CFO and Executive VP of Development, Leeny Oberg, will present at the Barclays 2024 Eat, Sleep, Play Conference on December 5 in New York. Her presentation is scheduled for 10:30 a.m. ET and will be available via webcast on Marriott's investor relations website.

The webcast recording will remain accessible until December 30, 2024. Marriott International operates nearly 9,100 properties across more than 30 brands in 142 countries and territories, offering the Marriott Bonvoy® travel program to its customers.

Marriott International announces significant expansion of its branded residences portfolio in the EMEA region, with 70 projects including 43 in pipeline and 27 open properties. The company has signed 26 agreements in the past two years, more than double the previous two-year period. Notable upcoming projects include The St. Regis Residences in Costa del Sol, Spain, and W Residences at Dubai Harbour. The portfolio spans 13 luxury and premium brands across EMEA, offering enhanced benefits through the ONVIA owner recognition platform. Key developments set to open by end of 2024 include Nujuma, The St. Regis Al Mouj Muscat Resort, and The Ritz-Carlton Residences in Baku.

Marriott International (NASDAQ: MAR) has reached a milestone with the opening of its 100th property in Japan - Four Points Flex by Sheraton Osaka Umeda. This marks the brand's debut in Asia Pacific excluding China. In collaboration with KKR, the company plans to open 12 additional Four Points Flex properties across Japan through early 2025, adding over 3,600 rooms to Marriott's portfolio. The expansion targets value-conscious travelers, offering essential amenities in convenient locations near public transit and city centers. The properties will span across major destinations including Hakodate, Yokohama, Nagoya, Osaka, Kyoto, and others.

Design Hotels announced significant portfolio growth with 29 new signed agreements and 10% expansion in the last 12 months. The company is experiencing notable momentum in the United States and Mexico, adding 7 new destinations and 10 new hotels in the US, while surpassing 25 hotels in Mexico. Key additions include The Warren Street Hotel in NYC, Drift Nashville with 104 rooms, and upcoming properties in Switzerland, Georgia, Istanbul, Singapore, and Bali. The expansion includes partnerships with renowned hotel groups like Firmdale Hotels, Grupo Habita, Drift Hotels, and ASH.

Marriott International (Nasdaq: MAR) has declared a quarterly cash dividend of 63 cents per share of common stock. The dividend will be paid on December 31, 2024, to shareholders of record as of November 21, 2024. The company currently operates a portfolio of nearly 9,100 properties across more than 30 brands in 142 countries and territories, offering hotel operations, franchising, and vacation ownership resort licensing services worldwide.

The Ritz-Carlton, Naples announces its inaugural NYE Black-Tie Gala, featuring internationally acclaimed jazz artist Stella Cole. The exclusive event includes a five-course champagne dinner by Executive Chef Satish Yerramilli, an intimate 'Meet the Artist' reception, and two live performances culminating in a midnight countdown.

The gala offers multiple ticket tiers: Premiere Seating at $650 per person with caviar pairing, Reserved Seating at $525 per person, and Large Table Reservations from $500 per person. All packages include taxes, gratuity, valet parking, and a complimentary autographed album. A special overnight stay package is available with Coastal View Guestroom accommodation and two gala tickets.

Marriott International (MAR) reported solid Q3 2024 results with global RevPAR up 3.0%. The company's adjusted diluted EPS reached $2.26, compared to $2.11 in Q3 2023. Net income was $584 million, down from $752 million year-over-year. Notable achievements include adding 16,000 net rooms and maintaining a development pipeline of 585,000 rooms. The company's group segment showed strong performance with RevPAR rising 10%. Marriott expects full-year 2024 net rooms growth of approximately 6.5% and plans to return about $4.4 billion to shareholders through dividends and share repurchases.