Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, EDITION, Bulgari, Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, Marriott Vacation Club, Westin, Renaissance, Le Méridien, Autograph Collection, Gaylord Hotels, Tribute Portfolio, Design Hotels, Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, Four Points, TownePlace Suites, Aloft, AC Hotels by Marriott, Protea Hotels, Element, and Moxy brand names. As of February 23, 2021, it operated approximately 7,600 properties under 30 hotel brands in 133 countries and territories. Marriott International, Inc. was founded in 1927 and is headquartered in Bethesda, Maryland.
IPO Year:
Exchange: NASDAQ
Website: marriott.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/4/2025 | $330.00 | In-line → Outperform | Evercore ISI |
9/18/2024 | $267.00 | Buy | Goldman |
8/29/2024 | $247.00 → $262.00 | Mkt Perform → Outperform | Bernstein |
6/21/2024 | $255.00 | Neutral | Susquehanna |
3/26/2024 | $263.00 | Neutral | Mizuho |
12/5/2023 | $220.00 | Equal Weight | Wells Fargo |
10/23/2023 | $233.00 | Buy | HSBC Securities |
8/14/2023 | $204.00 → $218.00 | Outperform → Mkt Perform | Bernstein |
5/3/2023 | $204.00 | Mkt Perform → Outperform | Bernstein |
2/15/2023 | $180.00 | Outperform → In-line | Evercore ISI |
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8-K - MARRIOTT INTERNATIONAL INC /MD/ (0001048286) (Filer)
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BETHESDA, Md., Feb. 13, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is payable on March 31, 2025, to shareholders of record as of the close of business on February 27, 2025. Marriott International, Inc. (NASDAQ:MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residen
Fourth quarter 2024 RevPAR1 increased 5.0 percent worldwide, with 4.1 percent growth in the U.S. & Canada and 7.2 percent growth in international marketsFourth quarter reported diluted EPS totaled $1.63 and adjusted diluted EPS totaled $2.45Fourth quarter reported net income totaled $455 million and adjusted net income totaled $686 millionFourth quarter adjusted EBITDA totaled $1,286 millionWith record gross room additions of over 123,000 in 2024, net rooms grew 6.8 percent from year-end 2023At the end of the year, Marriott's worldwide development pipeline totaled nearly 3,800 properties and over 577,000 roomsThe company returned over $4.4 billion to shareholders through dividends and share
BETHESDA, Md., Jan. 21, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) will report fourth quarter 2024 earnings results on Tuesday, February 11, 2025, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Tuesday, February 11, 2025, at 8:30 a.m. (ET). Marriott International's President and Chief Executive Officer, Anthony Capuano, and Chief Financial Officer and Executive Vice President, Development, Leeny Oberg, will discuss the company's performance. The conference call will be webcast simultan
The Postcard Cabins brand, formerly known as Getaway and a pioneer in outdoor hospitality, joins the Marriott International Portfolio BROOKLYN, N.Y., Dec. 12, 2024 /PRNewswire/ -- The Postcard Cabins brand, formerly Getaway, a pioneer in the emerging outdoor accommodations sector, is pleased to announce its acquisition by Marriott International, Inc. (NASDAQ:MAR). This milestone marks an exciting step for Postcard Cabins as it continues to redefine how people experience the great outdoors, disconnect from daily life and find meaningful moments in nature. Founded in 2015, Postc
BETHESDA, Md., Nov. 7, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is payable on December 31, 2024, to shareholders of record as of the close of business on November 21, 2024. Marriott International, Inc. (NASDAQ:MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,100 properties across more than 30 leading brands in 142 countries and territories. Marriott operates and franchises hotels and licenses v
Third quarter 2024 comparable systemwide constant dollar RevPAR increased 3.0 percent worldwide, 2.1 percent in the U.S. & Canada, and 5.4 percent in international markets, compared to the 2023 third quarter;Third quarter reported diluted EPS totaled $2.07, compared to reported diluted EPS of $2.51 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $2.26, compared to third quarter 2023 adjusted diluted EPS of $2.11;Third quarter reported net income totaled $584 million, compared to reported net income of $752 million in the year-ago quarter. Third quarter adjusted net income totaled $638 million, compared to third quarter 2023 adjusted net income of $634 million;Adjusted EBI
BETHESDA, Md., Oct. 10, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) will report third quarter 2024 earnings results on Monday, November 4, 2024, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Monday, November 4, 2024, at 8:30 a.m. (ET). Marriott International President and Chief Executive Officer Anthony Capuano and Chief Financial Officer and Executive Vice President, Development Leeny Oberg will discuss the company's performance. The conference call will be webcast simultaneously via Ma
BETHESDA, Md., Aug. 2, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is payable on September 30, 2024, to shareholders of record as of the close of business on August 16, 2024. Marriott International, Inc. (NASDAQ:MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,000 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses va
Second quarter 2024 comparable systemwide constant dollar RevPAR increased 4.9 percent worldwide, 3.9 percent in the U.S. & Canada, and 7.4 percent in international markets, compared to the 2023 second quarter;Second quarter reported diluted EPS totaled $2.69, compared to reported diluted EPS of $2.38 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $2.50, compared to second quarter 2023 adjusted diluted EPS of $2.26;Second quarter reported net income totaled $772 million, compared to reported net income of $726 million in the year-ago quarter. Second quarter adjusted net income totaled $716 million, compared to second quarter 2023 adjusted net income of $690 million;Adju
BETHESDA, Md., July 10, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) will report second quarter 2024 earnings results on Wednesday, July 31, 2024, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Wednesday, July 31, 2024, at 8:30 a.m. (ET). Marriott International President and Chief Executive Officer Anthony Capuano and Chief Financial Officer and Executive Vice President, Development Leeny Oberg will discuss the company's performance. The conference call will be webcast simultaneously via M
Inspired by its Breathtaking Surroundings, Contemporary Design Harmonizes with Local Culture in a Tranquil Costa Rican Paradise PENINSULA PAPAGAYO, Costa Rica, Feb. 25, 2025 /PRNewswire/ -- Nestled within one of the world's most biodiverse destinations, Nekajui, a Ritz-Carlton Reserve, has officially opened its doors, offering discerning travelers a secluded, ultra-luxury retreat amidst the unspoiled natural beauty of Costa Rica's Peninsula Papagayo. Named after the Chorotega word for "lush garden," Nekajui (NEK-ah-wee) marks a monumental milestone as the first Ritz-Carlton Reserve in Central and South America and the eighth addition to the brand's exclusive portfolio. Located on Peninsula
BETHESDA, Md., Feb. 13, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is payable on March 31, 2025, to shareholders of record as of the close of business on February 27, 2025. Marriott International, Inc. (NASDAQ:MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residen
Substantial Progress Made Across All Operational and Financial Initiatives Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company"), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced its third quarter 2024 financial results and filed the related Quarterly Report on Form 10-Q, which can be found on the Company's website at investors.sonder.com. Third Quarter 2024 Financial Highlights1 Revenue was $162 million, a 1% increase year-over-year RevPAR was $176, a 14% increase year-over-year Occupancy Rate was 85%, a 2 percentage point increase year-over-year Bookable Nights were 922,000, a 1
The exclusive collaboration will bring passionate snowboarders and skiers closer to the world's best athletes and offer personal experiences with White NEW YORK and BETHESDA, Md., Feb. 11, 2025 /PRNewswire/ -- The Snow League, the first professional winter sports league exclusively dedicated to snowboarding and skiing launched by legendary athlete Shaun White, has announced Marriott International's global travel platform Marriott Bonvoy is the league's official hotel and loyalty partner for its inaugural season. The new league, launched by White, will kick off in Aspen Snowma
Fourth quarter 2024 RevPAR1 increased 5.0 percent worldwide, with 4.1 percent growth in the U.S. & Canada and 7.2 percent growth in international marketsFourth quarter reported diluted EPS totaled $1.63 and adjusted diluted EPS totaled $2.45Fourth quarter reported net income totaled $455 million and adjusted net income totaled $686 millionFourth quarter adjusted EBITDA totaled $1,286 millionWith record gross room additions of over 123,000 in 2024, net rooms grew 6.8 percent from year-end 2023At the end of the year, Marriott's worldwide development pipeline totaled nearly 3,800 properties and over 577,000 roomsThe company returned over $4.4 billion to shareholders through dividends and share
BETHESDA, Md., Feb. 3, 2025 /PRNewswire/ -- Marriott International today announced it has once again been named among FORTUNE Magazine's World's Most Admired Companies. The company has appeared on Fortune's Most Admired Companies' list consecutively since its inception in 1998. Marriott was named number one in the Hotels, Casinos, and Resorts category and placed number 13 in this year's ranking overall. Fortune's annual ranking assesses businesses across industries on nine criteria of corporate reputation, including leadership excellence, innovation, social responsibility, and
NAPLES, Fla., Jan. 28, 2025 /PRNewswire/ -- The Ritz-Carlton, Naples, an icon on Florida's Paradise Coast, has received LEED Silver Certification from the U.S. Green Building Council for its Vanderbilt Tower. As the world's most widely used green building rating system, this LEED (Leadership in Energy and Environmental Design) certification underscores the resort's commitment to sustainability and environmental stewardship, reinforcing its role as a leader in the hospitality industry. The mixed-use tower added Ocean View guest rooms and suites, the Mediterranean restaurant Sofra, and The Ritz-Carlton brand's largest Club Lounge in North America to the resort's offerings.
With record annual signings, the company ended 2024 with 3,766 properties (577,265 rooms) in the development pipeline. View the Summary of 2024 Development Highlights BETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) announced another year of strong global growth, with a record 123,000 gross rooms openings, net rooms growth of 6.8% for the full year 2024, and over 577,000 rooms in the company's development pipeline at year-end. Marriott continued to expand its product offerings across travel purposes and segments – from affordable midscale to luxury. Experience the full interactive Multichannel News Release here: https://www.multivu.com/marriott/9269951-
Underscoring Marriott's expansion in the affordable midscale segment, the City Express by Marriott brand plans to debut in Argentina, Bolivia, Nicaragua, and Peru, with eight properties expected to open over the next three years. PLANTATION, Fla., Jan. 23, 2025 /PRNewswire/ -- City Express by Marriott, part of Marriott Bonvoy's portfolio of over 30 extraordinary brands, announced its planned entry into four new markets across the Caribbean and Latin America (CALA) region – Argentina, Bolivia, Nicaragua, and Peru – further solidifying Marriott International's presence in the affordable midscale segment. In 2024, Marriott signed 12 City Express by Marriott hotels (comprising 1,236 rooms). The
BETHESDA, Md., Jan. 21, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) will report fourth quarter 2024 earnings results on Tuesday, February 11, 2025, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Tuesday, February 11, 2025, at 8:30 a.m. (ET). Marriott International's President and Chief Executive Officer, Anthony Capuano, and Chief Financial Officer and Executive Vice President, Development, Leeny Oberg, will discuss the company's performance. The conference call will be webcast simultan
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Evercore ISI upgraded Marriott from In-line to Outperform and set a new price target of $330.00
Goldman initiated coverage of Marriott with a rating of Buy and set a new price target of $267.00
Bernstein upgraded Marriott from Mkt Perform to Outperform and set a new price target of $262.00 from $247.00 previously
Susquehanna initiated coverage of Marriott with a rating of Neutral and set a new price target of $255.00
Mizuho initiated coverage of Marriott with a rating of Neutral and set a new price target of $263.00
Wells Fargo resumed coverage of Marriott with a rating of Equal Weight and set a new price target of $220.00
HSBC Securities initiated coverage of Marriott with a rating of Buy and set a new price target of $233.00
Bernstein downgraded Marriott from Outperform to Mkt Perform and set a new price target of $218.00 from $204.00 previously
Bernstein upgraded Marriott from Mkt Perform to Outperform and set a new price target of $204.00
Evercore ISI downgraded Marriott from Outperform to In-line and set a new price target of $180.00
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With record annual signings, the company ended 2024 with 3,766 properties (577,265 rooms) in the development pipeline. View the Summary of 2024 Development Highlights BETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) announced another year of strong global growth, with a record 123,000 gross rooms openings, net rooms growth of 6.8% for the full year 2024, and over 577,000 rooms in the company's development pipeline at year-end. Marriott continued to expand its product offerings across travel purposes and segments – from affordable midscale to luxury. Experience the full interactive Multichannel News Release here: https://www.multivu.com/marriott/9269951-
Signings include Highly Anticipated New Hotels in the United States (NYC, Nashville, and San Diego), Mexico, Switzerland, Italy, Turkey, Singapore and Bali BERLIN, Nov. 12, 2024 /PRNewswire/ -- Design Hotels, the community-driven portfolio of nearly 300 independent hotels, announced 29 signed agreements and 10 percent growth of its global portfolio within the last 12 months. From the under-the-radar Black Sea coast of Batumi, Georgia, to the bustling, residential neighborhood of Tribeca, New York, each of the new and upcoming Design Hotels properties embodies the values of the brand and the singular vision of the property owner.
Company Plans to Welcome The Resort at Pelican Hill (Newport Beach, CA), Turtle Bay Resort (O'ahu, HI), and a Luxury Hotel in Midtown Manhattan (New York City) to Its Luxury Portfolio BETHESDA, Md., June 3, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) announces plans to convert three iconic luxury properties in the U.S. to brands within the Marriott Bonvoy portfolio. Located in some of the most sought-after destinations in the country, The Resort at Pelican Hill, Turtle Bay Resort, and a luxury Midtown hotel in New York City are all expected to join Marriott Bonvoy's luxury brands this summer.
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,
Expanded Role Includes Overseeing Brand Management to Increase Customer Preference for the Company's Portfolio of Premium, Select Service and Longer Stay Brands BETHESDA, Md., May 17, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) is announcing the appointment of Brian Povinelli to Senior Vice President, Global Head of Marketing and Brand. Povinelli, who has been with Marriott since its acquisition of Starwood Hotels in September 2016, will lead the company's overall marketing strategy as well as the end-to-end guest experience for the Marriott's 22 Premium, Select & Longer-stay brands.
BETHESDA, Md., Feb. 24, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) today announced its organizational structure and executive appointments designed to tap its talented leadership bench and accelerate the company's growth. "The size and scale of our company is significant, and we expect it to be even more so given the exciting opportunities ahead of us," said Anthony Capuano, President and CEO, Marriott International. "With the recent announcement of two executive departures, I am reshaping my team to ensure we can be nimble and effective in driving strategi
BETHESDA, Md., Feb. 21, 2023 /PRNewswire/ -- Marriott International, Inc. today announced that it has appointed Saba Landmann, Senior Vice President, Global Brand and Portfolio PR, effective immediately. Ms. Landmann will be responsible for leading communications for the company's portfolio of thirty diverse and experiential hotel brands. Marriott's brands include a prestigious luxury portfolio that encompasses eight of the world's most desirable and coveted luxury hotel brands: The Ritz-Carlton, Ritz-Carlton Reserve, BVLGARI Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott and W Hotels Worldwide.
BETHESDA, Md., Feb. 10, 2023 /PRNewswire/ -- Marriott International (NASDAQ:MAR) today announced that its board of directors declared a quarterly cash dividend of 40 cents per share of common stock. The dividend is payable on March 31, 2023, to shareholders of record as of February 24, 2023. In addition, the Marriott board appointed current Chief Executive Officer (CEO), Anthony "Tony" Capuano, as President and CEO effective February 24, 2023. As previously announced, Marriott's current President, Stephanie Linnartz, will be stepping down to become CEO of Under Armour. About
Science Applications International Corp. (NYSE:SAIC) announced today the appointment of Carolyn Handlon and James C. Reagan, CPA, to the company's board of directors. These appointments bring the board's total membership to 13, with nearly two-thirds of the board comprised of women and people of color. "We are pleased to welcome both Carolyn Handlon and James Reagan to SAIC's board of directors," said Donna Morea, SAIC board chair. "Both of these highly accomplished leaders are known not only for their stellar technical abilities in their fields, but also importantly, for their personal integrity and values. Their unique abilities will support SAIC's unwavering commitment to delivering for
Joiner brings over two decades of leading excellence and driving culture within The Ritz-Carlton hotel operations, sales, and marketing BETHESDA, Md., Jan. 10, 2023 /PRNewswire/ -- Amanda Joiner takes the helm as the Global Vice President and head of The Ritz-Carlton Leadership Center®, a leading global consulting and advisory firm delivering award-winning services that have enabled clients worldwide to improve customer and employee engagement, innovate their culture, and drive competitive advantage. Joiner transitions from her role most immediately as General Manager of The Ritz-Carlton, St. Louis and brings over three decades of luxury hospitality experience in which she has driven continu