Marriott International, Inc. today announced the launch of Four Points Express by Sheraton, designed for the midscale segment.
Strong Fee and Free Cash Flow Growth Could Lead to 15% to 20% Adjusted Diluted EPS Growth Over Three-Year Period Through 2025
Marriott International, Inc. announced it has signed an agreement with NEOM to open two luxury properties in Trojena, NEOM’s mountain destination located in the north-west region of Saudi Arabia. The agreement includes Saudi Arabia’s first W Hotel, and a JW Marriott property.
Marriott International, Inc. announced it has signed a Hotel Management Agreement with Indonesian real estate developer, PT. Pakuwon Jati Tbk. to open three properties in Indonesia’s new capital city, Ibu Kota Negara Nusantara. The multi-deal agreement was signed by President and CEO of Marriott International Anthony Capuano and President Commissioner of PT. Pakuwon Jati Tbk. Alexander Tedja.
Signed projects include the anticipated debut of Fairfield Inn by Marriott in the country
Second quarter 2023 comparable systemwide constant dollar RevPAR increased 13.5 percent worldwide, 6.0 percent in the U.S. & Canada, and 39.1 percent in international markets, compared to the 2022 second quarter
According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels global trends, with a first quarter of healthy conversion activity, accounting for 29 percent of rooms signed and 25 percent of rooms opened by the company globally.
Awards Recognize Outstanding Associates and Properties
Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced yesterday an exclusive licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023.
A regional survey by Marriott International has coined a term to describe a new generation of travelers set to disrupt the industry over the next few years. ‘Native Explorers’ recognizes a tribe of affluent millennial and Gen Z travelers in Asia Pacific who are bucking the trend by traveling in reverse order to generations before them.