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 (MAR) is a global hospitality leader operating iconic hotel brands across 140+ countries. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic partnerships, and market performance.
Access official press releases, earnings reports, and analysis of MAR's asset-light business model, including franchise expansions and Marriott Bonvoy loyalty program enhancements. Our curated collection simplifies tracking of operational milestones across luxury, premium, and select-service hotel categories.
Discover updates on leadership changes, sustainability initiatives, and international market entries that shape MAR's position in the competitive lodging sector. Bookmark this page for streamlined monitoring of financial disclosures and brand portfolio developments critical to informed hospitality industry analysis.
Marriott International's CFO and EVP, Leeny Oberg, will speak at the 2024 Morgan Stanley Travel and Leisure Conference on June 4 at 9:45 a.m. ET. The speech will be webcast live and accessible through Marriott's investor website. The recording will remain available until August 30, 2024. Marriott, a global hospitality company, operates nearly 8,900 properties across over 30 brands in 141 countries. The company offers the Marriott Bonvoy travel program. For more details, visit Marriott's website and news center.
World-renowned tennis coach Patrick Mouratoglou has partnered with The Ritz-Carlton Naples, Tiburón to open his first signature tennis center in Florida. Scheduled to launch in early summer 2024, the Mouratoglou Tennis Center will offer various training camps, private lessons, leagues, and retreats for resort guests and members. Located three miles from the Gulf of Mexico, the resort offers a luxury experience with two championship golf courses, a spa, and unique dining options. The center will feature four outdoor courts and programs for all ages and skill levels, using Mouratoglou's personalized coaching methodology. This move is part of Mouratoglou's global expansion, adding to his centers in Dubai, Greece, Malaysia, Italy, China, and New York. The Ritz-Carlton Naples, Tiburón, known for its exceptional service and facilities, aligns perfectly with Mouratoglou's vision.
On May 2, 2024, EDITION Hotels opened The Jeddah EDITION in Saudi Arabia, marking its 20th global outpost and first in the region. This opening aligns with Saudi Arabia's Vision 2030, emphasizing economic and societal diversification.
Located on the Jeddah Corniche, this luxury urban resort features 52 rooms, 11 suites, a rooftop terrace, a pool, a spa, and a gym. It also includes a signature restaurant by chef Cédric Vongerichten and various art installations. The hotel aims to blend Eastern traditions with Western innovation, offering unparalleled hospitality in the region.
This venture is a collaborative effort between Marriott International, EDITION Hotels, Yabu Pushelberg, and Sela, led by Dr. Rakan Al Harthi. The hotel underscores Saudi Arabia's evolving luxury standards and aims to redefine hospitality in the region.
Marriott International invites travelers to explore Santo Domingo, Dominican Republic. The city offers a blend of historical and modern attractions, including the Renaissance Santo Domingo Jaragua Hotel & Casino, JW Marriott Hotel Santo Domingo, and Courtyard Santo Domingo. The Renaissance hotel features 300 guest rooms, vibrant dining options, a fitness center, and a spa. Guest can enjoy the Chef's Table by Executive Chef Luis Ortiz. The JW Marriott provides personalized experiences with its sophisticated amenities, including the Vertygo 101 Lounge & Bar and a rooftop pool. The Courtyard Santo Domingo caters to both business and leisure travelers with its fresh design, local art, and authentic Dominican cuisine. For more information, visit Marriott's website.
Marriott International, Inc. (Nasdaq: MAR) announced a 21% increase in its quarterly cash dividend, raising it to 63 cents per share from 52 cents. The dividend is payable on June 28, 2024, to shareholders of record on May 24, 2024. The company attributes the raise to its earnings growth and strong cash generation.
KKR and Marriott International are launching a midscale hospitality segment in Japan with Four Points Express by Sheraton. KKR acquired Unizo Hotel Company, and 14 hotels in Japan, which will be converted to Four Points Express by Sheraton, marking Marriott's entry into the affordable midscale segment in Japan. The hotels are located in major tourist destinations, adding over 3,600 rooms. Four Points Express by Sheraton will provide value-conscious consumers with a reliable and convenient hotel experience. The collaboration aims to meet the growing demand for affordable accommodation in the region.
Marriott International (MAR) reported strong first quarter 2024 results with a 4.2% increase in RevPAR globally, 1.5% in the U.S. & Canada, and 11.1% in international markets. Reported diluted EPS was $1.93, adjusted diluted EPS was $2.13. The company added 46,000 net rooms and raised full-year earnings guidance, expecting to return $4.2-$4.4 billion to shareholders in 2024.
Westin Hotels & Resorts, part of Marriott Bonvoy, introduces the next generation Heavenly Bed, aiming to enhance guests' sleep experience and overall well-being while traveling. The brand's legacy bed has been a hit with consumers, leading to over 500,000 sales since its launch. The new bed features upgraded materials, modern design, and a focus on providing a superior sleep experience, catering to the growing trend of prioritizing quality sleep while traveling. Westin also offers exciting giveaways for consumers to win their own Heavenly Bed and emphasizes its commitment to wellness through various programs and collaborations.
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