Marriott Intl Inc Stock Price, News & Analysis

MGM Resorts International (NYSE: MGM) and Marriott International, Inc. (Nasdaq: MAR) have announced plans to convert an iconic property on the Las Vegas Strip to W Las Vegas, part of the W Hotels brand within the Marriott Bonvoy® portfolio. This conversion, anticipated to complete later this year, is the latest step in the companies' long-term strategic licensing agreement announced in July 2023.

Since the MGM Collection with Marriott Bonvoy officially launched in March 2024, bookings have significantly outpaced projections. The collaboration allows Marriott Bonvoy's 200 million members to enjoy benefits and redeem points at MGM Resorts' destinations, while MGM Rewards members can status match and receive benefits at Marriott's global portfolio of approximately 9,000 properties.

Located on the Mandalay Bay Campus, W Las Vegas will be the 12th destination on the Las Vegas Strip within the MGM Collection with Marriott Bonvoy, joining properties such as Bellagio, ARIA Resort & Casino, and The Cosmopolitan of Las Vegas.

Marriott International has announced the global launch of Connect Responsibly with Marriott Bonvoy Events, a program designed to help meeting planners incorporate sustainability into their events at participating Marriott Bonvoy portfolio hotels. The program, set to go live globally by the end of October, will offer:

• Detailed Meeting Impact Reports to measure the environmental impact of events
• Options to purchase carbon credits

The Meeting Impact Report will capture event details, property-specific sustainability practices, and the event's carbon and water footprints. In collaboration with South Pole, Marriott will offer access to select carbon offset projects. This initiative supports Marriott's efforts to reduce greenhouse gas emissions and aligns with its Sustainability and Social Impact Platform, Serve 360.

Marriott International signed an agreement with Shum Yip Holdings Company to introduce The Luxury Collection and AC Hotels to Shenzhen, China. The Luxury Collection Hotel, expected to open in November 2028, will offer 173 guest rooms and suites, dining venues, recreational facilities, and 1,600 square meters of event space. AC Hotel by Marriott Shenzhen North Station will feature 207 rooms and suites, an all-day dining restaurant, and the AC Lounge.

Both hotels will be located near Shenzhen North Railway Station, providing easy access to high-speed rail lines and about 35 kilometers from Shenzhen Bao'an International Airport. This collaboration adds to Marriott's existing portfolio of over 20 properties across 13 brands in Shenzhen, strengthening its presence in southern China.

Marriott International (Nasdaq: MAR) has announced the release date for its third quarter 2024 earnings report. The company will disclose its financial results on Monday, November 4, 2024, at approximately 7:00 a.m. Eastern Time. A conference call for investors will follow at 8:30 a.m. ET, featuring President and CEO Anthony Capuano and CFO Leeny Oberg discussing the company's performance.

The call will be webcast on Marriott's investor relations website, with replay and transcript available afterwards. Dial-in options are provided for those wishing to join by phone. Marriott International operates approximately 9,000 properties across more than 30 brands in 141 countries and territories, offering the Marriott Bonvoy® travel program.

Marriott International has announced the return of The Ritz-Carlton brand to Cancun, with a new property set to open in 2027. The Ritz-Carlton, Cancun, Punta Nizuc will feature a 131-key luxury hotel and 126 branded residences in a LEED certified building. This project is a collaboration between FibraHotel, Fibra Danhos, and Beyond Ventures.

Located in Punta Nizuc, the resort will offer private shoreline access, ocean views, and world-class amenities. The design will be led by architectural firms Lissoni & Partners and Cherem Arquitectos. Amenities will include an oceanfront pool complex, destination spa, six gourmet restaurants, and exclusive residential services.

This development aims to meet the growing demand for luxury travel experiences and branded residences in Cancun, a destination that attracts nearly 30 million visitors annually. The project underscores The Ritz-Carlton's commitment to providing exceptional experiences in sought-after destinations.

Marriott International (Nasdaq: MAR) has announced the expansion of its City Express by Marriott brand into the United States & Canada, marking the company's entry into the affordable midscale transient segment in these regions. This move follows the successful acquisition of the City Express brand portfolio in the Caribbean and Latin America (CALA) in May 2023, which increased Marriott's footprint in that region by approximately 45%.

The City Express by Marriott brand is designed to be conversion-friendly with opportunities for new builds in the future. It offers a light operational model and functional modern design, allowing owners to capitalize on consumer demand while leveraging Marriott's sales, distribution, and marketing capabilities. The company anticipates signed agreements and possible hotel openings in the U.S. & Canada under this brand in the coming months.

Existing City Express by Marriott properties have been integrated into the Marriott Bonvoy® program, allowing members to earn and redeem points. This expansion is part of Marriott's strategy to strengthen its presence in the affordable midscale segment and offer lodging options for every trip purpose and price point.

The Ritz-Carlton, Grand Cayman announces ticket sales for the 16th annual Cayman Cookout, scheduled from January 15-20, 2025. This premier culinary event will feature over 60 immersive cooking demonstrations, expert-led tastings, and transformative excursions led by renowned chefs including Eric Ripert, Daniel Boulud, José Andrés, and Andrew Zimmern.

The event offers unique experiences such as a private jet tour to Jamaica's GoldenEye, a Lionfish Cull with José Andrés, and a live recording of José Andrés' podcast. Guests can enjoy interactive cooking demonstrations, gourmet experiences, and exclusive chef-hosted lunches. The Cayman Cookout 2025 Overnight Offer includes daily breakfast, airport transfers, and admission to signature experiences.

Individual event tickets and overnight accommodations are available for purchase at caymancookout.com.

The Ritz-Carlton has launched its first-ever fashion collection in collaboration with Madrid-based menswear label Late Checkout. The capsule collection, titled 'Late Checkout: A Ritz-Carlton Story', features nine luxury pieces that blend The Ritz-Carlton's iconic branding with Late Checkout's hotel-inspired aesthetic.

The collection includes co-branded tailored jackets, V-neck sweaters, and white tees, all designed to offer a balance of sophistication and casual wearability. To support the launch, a campaign film directed by Rogelio and produced by Little Spain features actor Josh Hutcherson, showcasing The Ritz-Carlton's legendary service in a playful, narrative-driven format.

The collection will be available from October 1, 2024, on The Ritz-Carlton Shops and in China, with a retail experience at The Ritz-Carlton, Amelia Island starting October 19.

Sands China and Marriott International are set to introduce the first Luxury Collection Hotel in Macao. The Londoner Grand, located within The Londoner® Macao, aims to offer guests a unique blend of British charm and Macanese culture. Designed by Peter Silling & Associates, the hotel features Georgian-inspired architecture with elegant rooms and suites reminiscent of London's Mayfair district.

The hotel will add 2,405 rooms and suites to The Londoner Macao, along with five new dining concepts. These include Hampton Court (international and Chinese buffet), Chelsea Garden (all-day dining), The Conservatory (dim sum, tearoom, confectionery, and British pub), and two signature Chinese restaurants. This expansion aims to enhance The Londoner Macao's position as a premier resort destination for both business and leisure travelers, supporting Macao's status as a World Centre of Tourism and Leisure.