SHANGHAI, Nov. 20, 2024 /PRNewswire/ -- Marriott International Inc. recently announced that it has signed an agreement with New Development Group to bring the second EDITION Hotels to Shanghai, set to open in 2026. Striking the perfect balance between taste-making design, excellent service, and an authentic connection to the locale, The Shanghai EDITION, Changfeng Park, aims to redefine the concept of luxury in the vibrant Putuo District. "Shanghai remains one of the most dynamic and exciting destinations globally, and we are excited to be working with New Development Group to

BETHESDA, Md., Nov. 20, 2024 /PRNewswire/ -- Marriott International, Inc.'s (NASDAQ:MAR) Chief Financial Officer and Executive Vice President, Development, Leeny Oberg, will speak at the Barclays 2024 Eat, Sleep, Play Conference, to be held on Thursday, December 5, in New York, NY.  Ms. Oberg's remarks will be at approximately 10:30 a.m., Eastern Time, and will be webcast live. To access the webcast, please go to http://www.marriott.com/investor, and then click on the link to the "Barclays Eat, Sleep, Play Conference" under "Events and Presentations." The webcast will be avail

Underscoring the company's global leadership in branded residences and luxury development, Marriott International announces a strong residential pipeline in the EMEA region. ATHENS, Greece, Nov. 19, 2024 /PRNewswire/ -- Today at the Resort and Residential Forum, Marriott International (NASDAQ:MAR, ", Marriott", )) announces its accelerated growth in its branded residential portfolio in the Europe, Middle East & Africa ("EMEA") region, with 70 projects in the portfolio, including 43 projects in its signed pipeline and 27 open properties.     In the past two years, the global h

Marking The Debut Of The Four Points Flex Brand In Asia Pacific, This Opening Underscores The Company's Strategic Growth In The Affordable Midscale Segment TOKYO, Nov. 18, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR) reached a significant milestone in Japan today with the opening of its 100th property in Japan - Four Points Flex by Sheraton Osaka Umeda. This event also marks the inaugural debut of the Four Points Flex by Sheraton brand in Asia Pacific excluding China alongside global investment firm KKR, underscoring Marriott's continued commitment to the midscale segment.

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. 

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

Celebrate in style with an unparalleled evening of dining, dancing and music in Naples' premiere luxury setting. NAPLES, Fla., Nov. 4, 2024 /PRNewswire/ -- This New Year's Eve, step into the epitome of elegance at The Ritz-Carlton, Naples where the resort's inaugural "NYE Black-Tie Gala" invites guests to experience an unforgettable celebration. Marking a premier addition to The Ritz-Carlton, Naples' distinguished lineup of events, this exclusive gala features a lavish five-course champagne dinner, live performances by internationally renowned jazz artist Stella Cole, and an evening of refined revelry that ushers in 2025 with sophistication and style.

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

TripAdvisor's newly launched "Review Summaries" evaluates/analyzes user impressions of hotel conditions UNITE HERE, the hotel workers' union, has updated their website monitoring Park Hotels and Resorts (NYSE:PK) to include content from TripAdvisor's AI-Driven Review Summaries. The analysis feature, which the TripAdvisor Machine Learning Team crafted using prompt engineering, generative AI, and Large Language Models, launched for select hotels in January of 2024. Park Hotels Capex Problems now includes excerpts from TripAdvisor's overall summary of certain Park-owned hotels and TripAdvisor's ratings of particular attributes. Examples of these summaries include: The Hilton Hawaiian Vill

This milestone addition in Mexico reaffirms Marriott's ongoing growth in the Caribbean and Latin America region and its continued expansion in the luxury segment. PLANTATION, Fla., Oct. 28, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ:MAR), the largest hotel company and leader globally and in the Caribbean and Latin America (CALA), announced today the opening of its 500th property in the region. The Almare, a Luxury Collection Resort, Isla Mujeres, Adult All-Inclusive embodies Marriott's commitment to elevating the all-inclusive segment and bringing unparalleled luxury experiences to one of the world's most sought-after destinations.

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

Jefferies downgraded Marriott from Buy to Hold and set a new price target of $166.00

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

BETHESDA, Md., Feb. 14, 2022 /PRNewswire/ -- After more than 60 years of leadership, Mr. J.W. Marriott, Jr. confirmed to the Board of Directors of Marriott International, Inc. (NASDAQ; MAR) that he plans to retire as Executive Chairman in May and will not stand for re-election to the Board at the upcoming Annual Meeting of Stockholders.  In recognition of Mr. Marriott's leadership and his significant contributions to the Company, the Board formally designated him Chairman Emeritus, effective immediately following the upcoming 2022 Annual Meeting.  In addition, the Board has elected Mr. David S. Marriott to succeed Mr. J.W. Marriott, Jr. as Chairman of the Board, also effective immediately fo

Cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) has acknowledged that a bug in its safety mechanism caused last week's massive global IT outages. The issue stemmed from a flawed data update that led to widespread disruptions, affecting Microsoft Corp's (NASDAQ:MSFT) Windows systems worldwide, reported Bloomberg. This incident impacted crucial operations in airlines, banking, and stock exchanges across multiple countries. Systems were compromised for hours, leaving bankers in Hong Kong, doctors in the U.K., and emergency responders in New Hampshire unable to access vital programs. Microsoft stated that over 8.5 million Windows users were affected. Although fixes were dep

Shares of Marriott International Inc (NASDAQ:MAR), Hilton Hotels Corporation (NYSE:HLT), and Hyatt Hotels Corporation (NYSE:H) are trading lower Wednesday. About 13,500 unionized hotel workers in four U.S. cities are preparing for strike authorization votes next month as contract negotiations with the above major hotels remain at an impasse. UNITE HERE, a union representing hotel, casino, and airport workers across the U.S. and Canada, said that the voting will commence in the first week of August in Boston, San Francisco, Honolulu, and Providence, Rhode Island, reported Reuters. Employees at 125 hotels in these cities are demanding significant pay raises in new contracts to replace

JP Morgan analyst Joseph Greff maintains Marriott Intl (NASDAQ:MAR) with a Neutral and raises the price target from $235 to $255.

Marriott Intl's (NYSE:MAR) short percent of float has fallen 8.65% since its last report. The company recently reported that it has 6.36 million shares sold short, which is 2.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.04 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest

- Reuters

Barclays analyst Brandt Montour maintains Marriott Intl (NASDAQ:MAR) with a Equal-Weight and raises the price target from $240 to $251.

Marriott Intl (NASDAQ:MAR) has outperformed the market over the past 10 years by 3.09% on an annualized basis producing an average annual return of 13.98%. Currently, Marriott Intl has a market capitalization of $68.60 billion. Buying $100 In MAR: If an investor had bought $100 of MAR stock 10 years ago, it would be worth $364.61 today based on a price of $240.17 for MAR at the time of writing. Marriott Intl's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content eng

Marriott Intl (NASDAQ:MAR) has outperformed the market over the past 15 years by 4.86% on an annualized basis producing an average annual return of 17.43%. Currently, Marriott Intl has a market capitalization of $70.17 billion. Buying $100 In MAR: If an investor had bought $100 of MAR stock 15 years ago, it would be worth $1,108.07 today based on a price of $245.66 for MAR at the time of writing. Marriott Intl's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e

Susquehanna analyst Christopher Stathoulopoulos initiates coverage on Marriott Intl (NASDAQ:MAR) with a Neutral rating and announces Price Target of $255.