Marriott International News

The journey of the largest hotel chain in the world, Marriott International, Inc. – now with more than seven thousand hotel, residential, and timeshare properties – began with a root-beer stand in Washington, D.C. in 1927 started by J. Willard and Alice S. Marriott. Following its $13.3 billion acquisition of Starwood Hotels & Resorts in 2016, it became the largest global hotel company. It currently commands a mammoth portfolio of more than two dozen hotel brands such as JW Marriott Hotels, The Ritz-Carlton, The Luxury Collection, Delta Hotels, Marriott Vacation Club, Le Méridien, Sheraton Hotels and Resorts, Courtyard, Fairfield, and W Hotels. Its properties contain nearly a million and a half rooms worldwide. Through its premier loyalty program Bonvoy, it is engaged in partnerships with the likes of United Airlines, Uber, American Express, Hertz, and others to optimize customer engagement.

News Blog

Tolga Lacin Leaving Marriott To Become Regional Ennismore COO

One of the most prominent general managers in Dubai, Tolga Lacin, is leaving his post. The Marriott leader is moving on for a role in Ennismore. Lacin led some of Marriott's flagship destinations in the emirate, including The Westin Dubai Mina Seyahi, the long-standing Le Meridien Dubai by the airport, and the newest W Dubai.…

Hotels

Saudi Arabia’s Next Project? What Neom’s New Trademark Filings Say

We don't know how the trademarks will be used. But we're intrigued by names like Xaynor, Zardun and Aquellum.

Saudi Arabia’s Next Project? What Neom’s New Trademark Filings Say

Daily Lodging Report

Marriott Is Upgrading Caribbean Properties

Marriott International announced new property enhancements, renovations and experiences from the company’s Caribbean properties.

Hotels

Cricket World Cup Frenzy: Hotel Prices Hit $3,000 Before India-Aussie Final

Think of it as game and you may not understand the frenzy, but then again cricket is an emotion in India!

Cricket World Cup Frenzy: Hotel Prices Hit $3,000 Before India-Aussie Final

Daily Lodging Report

Marriott and Hilton Embrace Dividends and Stock Buybacks

Even with their stock at a new all-time high, Hilton is continuing to return capital to shareholders with stock buybacks. Not to be outdone, Marriott International announced a quarterly cash dividend of $0.52 per share and an increase in the share buyback authorization from their board of directors.

News Blog

MGM Expects $50M-$75M Incremental Revenues in 2024 With Marriott Partnership

Even though the big MGM-Marriott loyalty & booking partnership that was announced earlier this year with much fanfare has been delayed until early 2024 -- ostensibly due to MGM's cybersecurity threat which derailed much of its business over weeks -- MGM CEO Bill Hornbuckle is very bullish about it. In its Q3 earnings call earlier…

Hotels

Marriott Sees Strong Growth in Revenue and Hotel Development in 2023

For Marriott, 2023 is shaping up to be a banner year.

Marriott Sees Strong Growth in Revenue and Hotel Development in 2023

Daily Lodging Report

Marriott Adds 3 Premium Hotels in Vietnam

Marriott International announced the opening of three premium brand hotels in Vietnam’s leisure destinations: Nha Trang Marriott Resort & Spa, Hon Tre Island, Danang Marriott Resort & Spa, Non Nuoc Beach Villas, and Renaissance Hoi An Resort & Spa.

Daily Lodging Report

NewcrestImage Expands Portfolio with Three Marriott Hotel Acquisitions

NewcrestImage is acquiring three Courtyard by Marriott hotels from W.P. Carey. Two properties, at Albuquerque International Sunport and at Indianapolis International Airport, have already closed, while the third property at Chicago O’Hare International Airport is expected to close in early November.

Daily Lodging Report

Marriott’s Northern Marianas Venture Marks Milestone Expansion

Marriott expands into CNMI with the first Marriott hotel in the Northern Marianas Islands in 2025, partnering with Honest Profit International Ltd for management.