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282 posts categorized "Marriott"

09/09/2014

Forbes Lists Marriott as Most Innovative Hotel Company

Innovation-lab-at-Marriott-International-headquartersLodging Leader Ranks #18 on World’s Most Innovative Companies List.

Marriott International, Inc. (NASDAQ: MAR) was recently named to the Forbes World’s Most Innovative Companies List, ranking as the highest hotel company and #18 overall.   The World's Most Innovative Companies is the definitive ranking of the 100 firms investors think are most likely to generate big, new growth ideas. Long known as an industry leader, Marriott was recognized for its ground-breaking Innovation Lab, mobile check-in and out, and its new Greatroom Lobby featured in its Marriott Hotels brand.

 “We are honored to be among the world’s most innovative companies,” said Stephanie Linnartz, Marriott International’s executive vice president and chief marketing and commercial officer.  “We are designing hotels for a new generation that is used to working, staying and playing how and where they want.  Our Innovation Lab is helping us to create solutions that elevate, innovate and evolve our guest experience. ”

Marriott announced the opening of its 10,000 square foot Innovation Lab located beneath the company’s headquarters in Bethesda, Maryland last year. The Innovation Lab offers rapid prototyping with instant feedback capabilities, bird’s eye views from Internet-enabled cameras, and multiple avenues for customer participation.  Located two stories below headquarters, the lab -- also dubbed “The Underground” -- is dedicated to promoting innovation and collaboration. Like a blank canvas, the floor-to-ceiling white space offers a clean slate for anyone – whether architect, designer, employee or customer – to manipulate and make his mark. This space showcases the brand’s commitment to the next generation of travelers, who seamlessly blend work and play, with a focus on changing style, technology and service. 

The lodging leader also recently announced its expanded mobile check-in and checkout globally.  Eleven additional brands – The Ritz-Carlton, JW Marriott Hotels & Resorts, Renaissance Hotels, Autograph Collection, AC Hotels, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Residence Inn, TownePlace Suites and Marriott Executive Apartments – are joining the nearly 500 properties of the company’s flagship Marriott Hotels brand in providing mobile check-in and checkout to guests. With these latest additions, these services are immediately available at 1,200 properties worldwide, and will be live at more than 4,000 hotels worldwide by year-end.   With the Marriott Mobile app, check-in and checkout is simpler. Marriott Rewards members receive a push notification on their Apple iPhones or Android devices after 4 pm on the day before their arrival alerting them they can check-in. Then they receive an automatic notification when their room is ready. Communicating in advance means the hotel is prepared for their arrival. Because payment information is stored within members profiles, guests simply walk up to the expedited mobile check-in desk where their pre-programmed key card will be waiting for them.

Forbes used a method that relies on investors’ ability to identify firms they expect to be innovative now and in the future.  Companies on the list were also ranked by their innovation premium:  the difference between their market capitalization and net present value of cash flows from existing businesses.  Read more about the selection process and see the full list of World’s Most Innovative Companies.

Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 78 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. 

Connect with felicia.mclemore@marriott.com 

09/08/2014

NOW & NEXT: Marriott International Charts Future Success

Atlantis, Paradise IslandRecord Growth, Powerful Portfolio Expected to Drive Profitability and Cash Flow to Shareholders

Bethesda, Md., September 8, 2014 – With plans to add over 1,300 hotels globally  – or more than six hotels a week – from 2014 through 2017, Marriott International, Inc. (NASDAQ: MAR) will tell a meeting of security analysts and institutional investors today that its portfolio could total over 5,000 hotels in 100 countries.  With a record pipeline already in place, Marriott expects to add between 200,000 and 235,000 new rooms around the world in 2014 through 2017.    

In presentations at the new Marriott Marquis Washington, D.C., the company will say assuming 6 percent RevPAR (Revenue per Available Room) growth in 2014, the midpoint of its current guidance, and 4 to 6 percent annual RevPAR growth in 2015 through 2017, the company could produce diluted earnings per share (EPS) of between $4.00 and $4.60 by 2017, a compound growth rate of 19 to 23 percent over the period.   Given these RevPAR assumptions, cash available for dividends and share repurchases could total $6.7 billion to $7.6 billion for the four years 2014 through 2017.

“This is a great time to be in the hotel business,” said Arne Sorenson, Marriott International president and chief executive officer.   “Around the world, this is a golden age of travel.  In 2012, international trips topped a record one billion, and we would like to see that double over the next 10 years.   Economic growth and rising middle classes are driving this travel, and we now have more hotels open or in development outside the U.S. than at any time in our company’s history.  In North America, we believe we are only midway through an elongated lodging cycle, with considerable upside to come.”

Discussing its operating model, the company will say that assuming the RevPAR growth detailed above, it would expect: 

  • Worldwide total fees of $2.2 billion to $2.4 billion by 2017, a 10 to 12 percent compound growth rate from 2013;
  • Incentive management fees of $445 million to $510 million in 2017, a 15 to 19 percent compound growth rate from 2013;
  • Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between $2.1 billion to $2.3 billion by 2017, a 12 to 14 percent compound growth rate from 2013;
  • Operating income margins of 45 to 46 percent by 2017; and
  • Pre-tax return on invested capital of 48 to 53 percent by 2017.

The company’s investment spending for the three years from 2012 to 2014, including capital expenditures, note advances, contract acquisition costs and joint venture investments, is expected to total $2.0 billion to $2.2 billion, roughly 20 percent lower than that modeled for the same three-year period at the last analyst meeting in June 2012.  The company’s investment spending for the next three years, 2015 to 2017 is expected to total $1.6 billion to $1.8 billion, 20 percent lower still.

Marriott will say it is focused on aggressive growth in new markets and new brands.  In recent years, Marriott has introduced or acquired six brands, Gaylord, Moxy, EDITION, Protea, AC Hotels by Marriott and Autograph Collection, each positioned to capture a new customer or provide a new stay experience for our already loyal customers, and expected to account for 20 percent of the company’s unit growth through 2017.  In fact, the Autograph Collection is the fastest growing collection of independent full-service hotels and will soon welcome The Atlantis Paradise Island.

The company’s luxury and lifestyle portfolio is in position to capture the loyalties of Generations X and Y, which are expected to account for 90 percent of the working age population within a decade.  These exciting brands include The Ritz-Carlton, JW Marriott, Renaissance, EDITION, AC Hotels by Marriott, Moxy and Autograph Collection.

Marriott’s limited-service brands continue to drive growth in North America and are attracting a loyal following in markets abroad where their design reflects local tastes. Marriott also has the preeminent meetings and convention hotel network in the U.S., with the addition of Gaylord properties and hotels such as the Marriott Marquis Washington, D.C.   The company is reimagining and reinventing its first brand, Marriott Hotels, such as introducing the M Club lounge, which brings the concierge lounge to the first floor and boosts food and beverage sales and guest engagement.

In total, the company expects to open 200,000 to 235,000 rooms from 2014 to 2017.  Given the company’s RevPAR growth assumptions, these new rooms could generate roughly $360 million in fee revenue in 2017 or approximately $450 million annually once stabilized.

Marriott.com, one of the company’s most important connections to its customers, receives 35 million visits per month and booked a quarter of Marriott’s room nights in 2013, generating nearly $10 billion in gross room bookings.  The Marriott.com mobile app generated $1.3 billion of those bookings in 2013.

Another driver of growth is Marriott Rewards, ranked the most popular loyalty program in the industry by U.S. News & World Report. Its 47 million members account for 50 percent of all paid and stayed room nights.  

Regionally, in Asia Pacific, Marriott’s second largest region following North America, the company expects to double its portfolio by 2017, reaching 300 to 315 hotels in 19 countries.  China’s role in this growth is significant – almost 40 percent of the company’s 5 million Marriott Rewards members in the Asia Pacific region live in China.

Marriott’s growth in the Middle East and Africa region has doubled in less than three years.  By 2017, Marriott expects to have a portfolio of 31,000 to 33,000 rooms in 29 countries throughout the region, a 24 to 26 percent compound growth rate from 2013, driven significantly by Marriott’s acquisition earlier this year of South Africa’s Protea Hospitality Group.  

 “We are focused on growing a superior brand portfolio through long-term, high quality contracts with minimal investments, resulting in strong free cash flow, high return on invested capital and meaningful earnings growth,” said Carl Berquist, Marriott’s executive vice president and chief financial officer. “It’s a strategy that creates considerable shareholder value.”

Marriott International, Inc. is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties, and more than 690,000 rooms in 79 countries and territories.  Marriott International reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together comprise 47 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

Marriott will provide a live webcast of today’s investor and security analyst conference.  The live webcast will be available for U.S. investors on September 8, 2014 from approximately 10:00 am to 3:30 pm Eastern Daylight Time (EDT).  Slides and video from the meeting will be provided through a live webcast via Marriott’s investor relations web site.  The slides contain financial models for the four-year period, including estimates of earnings before interest, taxes, depreciation and amortization (EBITDA), return on invested capital, and free cash flow, as well as non-GAAP financial measure reconciliations for those estimates as appropriate.  Copies of the slides will be available for download approximately one hour before the start of the presentation.  Those wishing to access the webcast should log onto http://www.marriott.com/investor, and click on the Security Analyst Meeting link under the “Recent & Upcoming Events” tab.  Presentation materials from the meeting and the webcast replay will be available online after the meeting as well. Investor or analyst questions concerning the analyst conference should be addressed to Marriott Investor Relations at (301) 380-1379 or investorrelations@marriott.com.

Note on Forward Looking Statements:  This press release contains “forward-looking statements” within the meaning of federal securities laws, including RevPAR, profit margin and earnings trends; the number of lodging properties we may add in future years; our potential investment spending and similar statements concerning possible future events or expectations that are not historical facts.  We caution you that these statements are not guarantees of future performance and are subject to a number of risks and uncertainties, including changes in market conditions; the continuation and pace of the economic recovery; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth and refurbishment; and other risk factors that we identify in our most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from the expectations we express or imply here.  We make these statements as of September 8, 2014 and we assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 

For a complete set of Non-GAAP financial tables, click here: http://investor.shareholder.com/mar/reconciliations.cfm

Contact: Tom Marder
               (301) 380-2553
              thomas.marder@marriott.com

 

08/14/2014

Marriott International Conservation Measures on Track to Meet 2020 Goals

Sustainability-Report-CoverSustainability Report shows more than 10 Percent Reductions in Water and Energy Usage from 2007

Bethesda, Md. - August 14, 2014 – Marriott International, Inc. (NASDAQ: MAR) today released its 2014 Sustainability Report – available this year as 10 separate and concise issue reports – sharing the company’s progress against a 2007 baseline, including a nearly 13 percent decrease in water intensity, 11 percent decrease in energy intensity, and a 12 percent decrease in greenhouse gas emissions intensity.  One of Marriott’s key environmental goals is to achieve a 20 percent reduction in energy and water intensity by 2020[1].

“Our sustainability strategy is critical to the growth and success of our communities, our company, and our efforts to help protect our planet’s natural resources,” said Arne Sorenson, president and CEO of Marriott International.

The Green Hotels Global tool used by Marriott International worldwide helps drive the company’s sustainability efforts and transparency, and was made a brand standard in 2013.  The tool tracks the environmental footprint of each hotel in the company’s portfolio, including water and energy use, greenhouse gas emissions, recycling and over 100 property-level environmental practices. 

“We’re pleased that our sustainability performance is continuing to improve globally. In the U.S. nearly 50 percent of our portfolio recently earned TripAdvisor GreenLeader™ status thanks to our work and the use of tools like Green Hotels Global,” said Denise Naguib, vice president of sustainability and supplier diversity. “Our supply chain focus, which ties to our sustainability and commitment to diversity and inclusion, has also progressed with our achievement of 75 percent spend with sustainable suppliers through MindClick Global’s Sustainability Index for furniture, fixtures and equipment and $468 million in spend with diverse suppliers.”

The report also highlights Marriott’s decades-long commitment to developing a skilled workforce. Globally Marriott is supporting youth employment initiatives such as its “World of Opportunity” charitable giving and workplace skills training program in 24 European countries, The Ritz-Carlton’s “Succeed Through Service” program in 26 countries; the Akilah Institute for Women in Rwanda, where Marriott has hired 40 young graduates; and the International Tourism Partnership Youth Career Initiative (YCI) program in 10 countries.

“Creating a sustainable future means creating more jobs and stronger communities, a greater ‘world of opportunity’,” said Mari Snyder, vice president of social responsibility.  “Our partnerships allow us to be a catalyst to address rising youth unemployment and help provide skills to prepare young people for the workplace.  One of the company’s signature partners is the Marriott Foundation for People with Disabilities, a 501c3 nonprofit organization that the Marriott family started with a model designed by Marriott associates to help urban youth with disabilities secure competitive jobs while helping employers source a talent pool of youth they may not have considered.  Twenty-five years later, the Bridges program alone has served 20,000 youth. ” 
_____________________________
[1] 20 percent reduction from the company’s 2007 energy intensity baseline of 401.2 kWh per square meter of conditioned space and a water intensity baseline of 0.86 cubic meter per occupied room.

Marriott’s reporting approach this year was to present the issues that matter most to its stakeholders in concise, simplified reports that can be accessed, read and shared online or via social media, especially by its “next generation” associates and customers.  The issue reports include: Workforce Development; Environmental Performance; Stakeholder Engagement and Policy Advocacy; Global Diversity and Inclusion; Health, Safety and Wellbeing; Responsible Sourcing; Business Model and Sustainability Strategy; Business Ethics and Human Rights; Community Engagement and Natural Capital. 

Highlights from the issue reports include:

Stakeholder Engagement and Policy Advocacy - Marriott has been actively engaging with the White House to promote the power of tourism, including advocating for the 2015 reauthorization of Brand USA, a national marketing campaign targeted at overseas tourists, which resulted in 1.1 million new visitors entering the USA in 2013.  The company’s government affairs team also encouraged legislators to pass the Jobs Originated through Launching Travel (JOLT) Act, designed to enhance the Visa Waiver program and rapidly process visitor visa applications at US consular offices.  Marriott continues to advocate for measures that will provide stability to immigrants who work in its hotels.

Business Ethics and Human Rights - Marriott has a long history of supporting the fight against human trafficking, and created a training program for associates to identify and report possible trafficking behavior.  In 2013, Marriott joined Sabre Holdings in partnering with the United Nations ‘Your Actions Count- Be a Responsible Traveler’ campaign. The campaign, started by the UNWTO, UNODC and UNESCO, aims to educate tourists around the globe to be alert and aware of possible trafficking- human, flora and fauna, cultural artifacts, illicit drugs or counterfeit goods.

Cintas-Eco-UniformsResponsible Sourcing- Always searching for environmentally-conscious business solutions, Marriott partnered with Cintas to purchase associate uniforms made from recycled polyester from post-consumer plastic bottles. Nine brands in the Marriott portfolio have incorporated Regeneration Suiting as their uniform of choice. As a result of choosing these eco-uniforms in 2013, Marriott helped divert 2.3 million bottles from landfills.

For more information about Marriott’s sustainability and social responsibility initiatives or to download the 10 issue reports individually or as a full sustainability report with GRI Index, visit www.marriott.com/socialresponsibility.                   

Sustainability reports based on the GRI framework are used to determine the sustainability issues most pertinent to the organization; benchmark organizational performance with respect to laws, norms, codes, performance standards and voluntary initiatives; demonstrate organizational commitment to sustainable development; and compare organizational performance over time. The Sustainability Reporting G3 Guidelines are the foundation of the framework. For more information on the GRI, visit www.globalreporting.org.

Marriott International, Inc. is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties, and more than 690,000 rooms in 78 countries and territories.  Marriott International reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

Connect with megan.ryan@marriott.com

08/12/2014

4000+ Reasons Why Travelers Will Love their Mobile Devices Even More This Year – Marriott Expands Mobile Check-in and Checkout Services

Mobile Check-inBethesda, Md. – August 12, 2014 – As part of its global mobile strategy, Marriott International, Inc. (NASDAQ: MAR) is announcing a significant expansion of the company’s popular mobile check-in and checkout feature.

Now, eleven additional brands – The Ritz-Carlton, JW Marriott Hotels & Resorts, Renaissance Hotels, Autograph Collection, AC Hotels, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Residence Inn, TownePlace Suites and Marriott Executive Apartments* – are joining the nearly 500 properties of the company’s flagship Marriott Hotels brand in providing mobile check-in and checkout to guests. With these latest additions, these services are immediately available at 1,200 properties worldwide, and will be live at more than 4,000 hotels worldwide by year-end. 

Marriott is laser-focused on delivering the mobile services travelers told the company that they want most and making these services as widely available as possible. The company is rapidly introducing mobile services that improve the travel experience by giving guests added convenience and greater choice, while giving hotel staff the opportunity to deliver an even higher level of service. When it comes to fulfillment, the company’s hotels have achieved a near perfect success rate in executing a half-million mobile check-ins to date, leading to nine out ten guests saying they will use it again.

With the Marriott Mobile app, check-in and checkout is simpler. Marriott Rewards members receive a push notification on their Apple iPhones or Android devices after 4 pm on the day before their arrival alerting them they can check-in. Then they receive an automatic notification when their room is ready. Communicating in advance means the hotel is prepared for their arrival. Because payment information is stored within members profiles, guests simply walk up to the expedited mobile check-in desk where their pre-programmed key card will be waiting for them.

  

At the end of their stays, guests receive a push notification alerting them that mobile checkout is available. Upon completion, guests will then be prompted to provide an email address where their bill should be sent, allowing them to confidently bypass the front desk. Mobile check-in and checkout are available in five languages: English, French, Spanish, German and Mandarin.

Leading with its flagship Marriott Hotels brand, the company continues innovating in the mobile space. The brand now offers mobile service requests in fifteen markets in North America, where hotels are serving as “mobile incubator” laboratories for the future. For example, guests at these hotels can use a drop down menu of the most typical service requests, such as extra towels and pillows, or chat directly with hotel staff using a mobile app. The company will offer these and other mobile services to its Marriott Rewards members at the Marriott Hotels brand beginning early next year.

“You cannot separate the mobile experience from the personal interaction between guests and our hotel associates. When executed flawlessly and consistently, they complement each other and enhance the overall experience,” said George Corbin, senior vice president, Digital. “In our testing of mobile service requests so far, 86 percent of guests who used the feature have chosen to chat directly with hotel associates, illustrating how much guests appreciate the personal interaction using their mobile devices, and nearly nine out of ten guests gave the experience a very high positive rating.”

Recently, the company’s award-winning Marriott Rewards became first major hotel loyalty program to offer geo-targeted, mobile offers using beacon technology. Participating hotels send members, who opt-in, push notifications on their mobile devices as they pass by “hot spots” within the property. Called LocalPerks, offers are tailored to the property, ranging from food and beverage to spa to golf. Future plans for LocalPerks include Marriott Rewards’ offers available locally in the neighborhoods surrounding participating hotels.

*Mobile check-in and checkout is available at all Marriott Hotels, JW Marriott Hotels & Resorts, Renaissance Hotels, AC Hotels, Marriott Executive Apartments and at a select but increasing number of Ritz-Carlton, Autograph Collection, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Residence Inn and TownePlace Suites properties.

*Regulations in Armenia, Belarus, France, Italy, Kazakhstan, Portugal, Poland, Russia, and Turkey allow for mobile check-in but require guests to checkout with the front desk. Mobile check-in and checkout is not available in Japan and Venezuela.

Marriott International
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, over 4,000 properties and 690,000 rooms in 79 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013. For more than 80 years, the company has been committed to guest satisfaction. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.


Connect with sara.steffenauer@marriott.com

08/07/2014

Marriott International Declares Cash Dividend

Bethesda, Md., August 7, 2014 - Marriott International, Inc. (NASDAQ: MAR) today announced that its board of directors declared a quarterly cash dividend of twenty cents ($0.20) per share of common stock.

The dividend is payable on September 26, 2014 to shareholders of record on August 21, 2014.

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties, and more than 690,000 rooms in 78 countries and territories. Marriott International reported revenues of nearly $13 billion in fiscal year 2013. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with thomas.marder@marriott.com 

08/04/2014

Marriott’s CEO Charts Exponential Hotel Growth in Africa 2014-2020, Tripling Jobs

Lodging Leader to Talk About Business and Tourism Opportunities at US-Africa Business Forum

Protea Umhlanga_Ridge_exteriorBETHESDA, MD, USA – August 4, 2014 – Joining U.S. President Barack Obama, 200 corporate CEOs from the U.S. and Africa and over 45 African heads of state at the US-Africa Business Forum tomorrow, Marriott International, Inc. (NASDAQ: MAR) President and CEO Arne Sorenson will share the company's plans to reach over 150 hotels across 16 African countries, resulting in more than 25,000 jobs, between 2014-2020.

This growth comes on a base of 14 hotels and 10,000 employees prior to the company’s acquisition of South Africa’s Protea Hotel Group in April. The Protea investment lifted Marriott into position as the largest hotel company in Africa, with the addition of 116 managed and franchised hotels, approximately 10,000 rooms and 15,000 employees across seven countries in sub-Saharan Africa.

Protea interior guest roomIn addition to its recent Protea acquisition, Marriott International has plans to open nearly 40 additional hotels with more than 6,000 rooms, adding more than 10,000 employees, at both its managed and franchised hotels in the following 13 African countries by 2020: Algeria, Benin, Egypt, Ethiopia, Ghana, Gabon, Mauritius, Morocco, Nigeria, Rwanda, South Africa, Tunisia, and Zambia.

Sorenson discussed Marriott’s commitment to Africa and support of the growing travel industry by easing travel to and within the continent: “It’s a great time to do business in Africa and Marriott is at the table helping to lead the discussion on trade and investment across the continent. African leaders are looking at ways to spur economic growth by lowering barriers, such as onerous visa regimes. Travel is trade and the more Africa embraces Smart Travel policies that encourage the free flow of people, the quicker growth will come,” says Sorenson.

In Rwanda, Marriott has partnered with a vocational school, Akilah Institute for Women, to bring 41 women from the school to work and train in Marriott hotels in Dubai. The women are getting on-the-job skills, leadership training, and will be prepared after 18 months to return, as part of the management team, in 2016 to open the company’s first new-build Sub-Saharan Africa hotel – the Kigali Marriott Hotel.  

“Africa is going through an economic transformation,” says Sorenson. “Coupled with that transformation is a mutual promise for opportunity that Africa holds—for us as a business and for the people who are hired, trained and work in hotels across our portfolio. For them, it is like hitting the lottery and shows what a powerfully good force travel can be in the world.”

Editor’s note:
Arne Sorenson will be available for media interviews during the US-Africa Leaders Summit.
Tuesday, August 5, 2014
Mandarin Oriental
1330 Maryland Avenue, SW
Washington, DC 20024
12:00 noon
The Muze

Contact: felicia.mclemore@marriott.com or +1.301.380.2702

# # #

NOTE: The statements about Marriott’s plans for growth in Africa are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report to the US Securities and Exchange Commission on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 79 countries and territories.  Marriott International reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including: Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Moxy Hotels (expected opening in 2014), Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Protea Hotels, Marriott Executive Apartments and Marriott Vacation Club timeshare brand.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

07/15/2014

Marriott International Ranked Top Hotel Company on the FORTUNE 500®

Marriott-International-logoMarriott International (NASDAQ: MAR) has been named to the FORTUNE 500, ranking 219 overall, up from 2013’s ranking of 230, and ranking as the top hotel company in the hotels, casinos and resorts category.  Marriott is also the highest ranked company on the list with its headquarters in the Washington, DC-area.  

FORTUNE magazine’s annual selection of the nation's largest companies, ranked by revenue, includes a survey of companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency.

Marriott is also included on this year’s FORTUNE “The Best Places to Work” list and the magazine’s The World’s Most Admired List, which measures a company’s corporate reputation. 

The company recently made headlines announcing Atlantis, Paradise Island in the Bahamas joining its Autograph Collection and in April when it became the largest hotel company in Africa after completing the acquisition of the Protea Hospitality Group.  Marriott has more than 4,000 properties and more than 690,000 rooms in 78 countries and territories around the world.  And, as of the end of quarter one, the company had more than 200,000 rooms in its global development pipeline, a 35 percent increase from a year ago.  

For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with felicia.mclemore@marriott.com

06/27/2014

Marriott International Announces Release Date for Second Quarter 2014 Earnings

Bethesda, Md., June 27, 2014 - Marriott International, Inc. (NASDAQ: MAR) will report second quarter 2014 earnings results on Tuesday, July 29, 2014, at approximately 5:00 pm Eastern Time (ET).  The company will hold a conference call for the investment community to discuss its second quarter 2014 earnings on Wednesday, July 30, 2014 at 10 a.m. ET.  Mr. Arne Sorenson, Marriott International's president and chief executive officer, and Mr. Carl Berquist, Marriott International's executive vice president and chief financial officer, will discuss the company's performance.

The conference call will be webcast simultaneously via Marriott’s investor relations website.  Those wishing to access the call on the web should log on to http://www.marriott.com/investor, and click the link for the second quarter earnings call under “Recent and Upcoming Events”.  A replay will be available at that same website until July 30, 2015.  A transcript of the call will also be available on the company’s website.

The telephone dial-in number for the conference call is 706-679-3455.  Please use conference ID 59383825 when dialing into the call.  To help ensure you do not miss any of the conference call, please dial-in or link to the call on the web 10 minutes prior to the scheduled start time.  News media will be able to access the conference call in a listen-only mode. 

A telephone replay of the conference call will be available from 1 p.m. ET, Wednesday, July 30, 2014 until 8 p.m. ET, Wednesday, August 6, 2014.  To access the replay, call 404-537-3406.  The conference ID for the recording is 59383825.

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with felicia.mclemore@marriott.com

 

06/11/2014

A Nod to the Past, a Vision for the Future - Marriott Celebrates the Grand Opening of Its 4,000th Hotel - The Marriott Marquis Washington, DC

Ribbon CuttingWashington, DC., - June 11, 2014 – Marking a milestone in the city where it all began, Marriott Hotels, the flagship brand of Marriott International, Inc. (NASDAQ: MAR) officially celebrated the highly anticipated grand opening of the company’s 4,000th hotel – the Marriott Marquis Washington, DC.

NOTE: For more images from the grand opening events, please CLICK HERE.

The day kicked off with the official dedication led by J.W. Marriott, Jr., executive chairman, along with city officials and other dignitaries who helped welcome the 1,175-room hotel to the company and city. The hotel is located not far from where founders J. Willard and Alice S. Marriott opened a nine seat A&W Root Beer stand 87 years ago. In a salute to the company’s origins, the ceremony featured a root beer toast and a performance by the Washington Performing Arts Children of the Gospel Choir.  Members of the Marriott family also surprised Mr. Marriott by unveiling a plaque on the mezzanine level that reads, “Honoring J.W. “Bill” Marriott, Jr. for His Exemplary Leadership and Commitment to ‘Put People First’- Dedicated at the Grand Opening of the Marriott Marquis Washington, DC, June 10, 2014”.
 
“It is fitting that our 4,000th hotel is located here in our nation’s capital, because it is the birthplace of our company and represents the future of the Marriott Hotels brand,” said, J.W. “Bill” Marriott, Jr. “The Marquis will also be an economic boost to the city, creating job and career opportunities for hundreds of District residents and attracting major meetings from around the world.”

Muralist Aniekan UdofiaUpon arriving for the evening reception, guests were given high-tech RFID bracelets, which allowed everyone to interact with elements of the party. Guests sipped different variations of the “DC Mule”, a new take on the classic Moscow Mule cocktail, and voted for their favorite. The winner – The Virgin-gin – will now be served at the hotel bar. Throughout the evening, guests also offered their own inspiration and co-created live with local DC muralist Aniekan Udofia, what it means to “Traveling Brilliantly in Washington, DC”.

DJ StylusThe evening featured a sampling of passed hors d'oeuvres emblematic of DC neighborhoods, including Shaw, Chinatown, Waterfront, Eastern Market, Adam’s Morgan. Guests were treated to a specialty bourbon bar featuring an array of cocktails curated by Jim Beam and inspired by the global locations of the nearly 500 properties in the Marriott Hotels’ brand. DC native DJ Stylus drove the pulse of party, spinning tunes throughout the evening with many a reflection of the city’s vibrant music culture. The event was punctuated with an exclusive and mesmerizing aerial ballet performance by Les Oiseaux Du Paradis.

The Marriott Marquis Washington, DC is the fifth Marquis property within Marriott Hotels’ portfolio and incorporates the brand’s newest innovations across technology, design, fitness, culinary and meetings to enable the next generation traveler to Travel Brilliantly.

Marriott Marquis Washington, DC opened May 1, 2014 with 1,175 rooms, which includes 49 suites, and over 105,000 square feet of function space, including a 30,600 square-foot Marquis Ballroom and two 10,800 square-foot ballrooms. Marriott Marquis Washington, DC is conveniently located next door to the Walter E. Washington Convention Center–and connected via an underground concourse. An epicenter of downtown DC, the hotel has transformed its neighborhood and introduced a new, exciting venue for local social gatherings, business travelers and meetings and conventions. The property features a grand atrium lobby with a 56-foot sculpture, a state-of-the-art bi-level fitness center, and five ground-floor dining outlets. The hotel’s design is innovative, incorporating the site’s original historic Samuel Gompers AFL-CIO headquarters and designed to earn LEED® Silver accreditations (one of the largest hotels in the country to earn this eco-friendly distinction). For more information on Marriott Marquis Washington, DC please visit www.dcmarquis.com and follow the hotel on Facebook (Facebook.com/MarriottMarquisWashington) and Twitter (@MHMarquisWDC).

About Marriott Hotels
With over 500 hotels and resorts in nearly 50 countries and territories around the world, Marriott Hotels is evolving travel through every aspect of the guest’s stay, enabling the next generation to Travel Brilliantly. Boldly transforming itself for mobile and global travelers who blend work and play, Marriott leads the industry with innovations, including the Greatroom Lobby, Future of Meetings and Mobile Guest Services that elevates style & design and technology. All Marriott hotels participate in the award winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information, visit www.MarriottHotels.com to join the ongoing Marriott conversation, like us on Facebook (Facebook.com/Marriott) and follow us on Twitter (Twitter.com/Marriott, @Marriott).

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

CONTACTS:
John Wolf    
Marriott International    
john.wolf@marriott.com   

Jenna Newmark
Grey Public Relations
JNewmark@Grey.com

05/20/2014

Marriott International Expands Executive Leadership in Africa

Protea-Hotels

Samir Baidas confirmed as Chief Development Officer, Middle East and Africa

Philip Bryson appointed Senior Vice President, Middle East and North Africa

Appointments come on the back of growing regional demand; Marriott International announced 14 new properties in the UAE, Saudi Arabia and Sub Saharan Africa at AHIC 2014 

AHIC, Dubai, United Arab Emirates – May 20, 2014 – Following a successful 2013 and strong start to 2014, Marriott International has announced the appointment of Samir Baidas as Chief Development Officer, Middle East and Africa and Philip Bryson as Senior Vice President, Middle East and North Africa. Both executives are long standing Marriott International employees and come with a wealth of experience to cater to the company’s growing Middle East and Africa expansion.

The announcement swiftly follows the hotel company announcing 14 new signed properties on the first day of the 2014 Annual Hotel Investment Conference (AHIC); deals that will see the organization expand its regional footprint in the UAE, Saudi Arabia, and across Sub Saharan Africa. Furthermore, Marriott International has become the largest hotel company in Africa following its acquisition of Protea Hospitality Group’s brands and management company. Marriott International has nearly doubled its distribution to more than 23,000 rooms since the closing of the deal. In total Protea have 116 hotels with 10,148 rooms in seven African countries including South Africa.

Commenting on the executive appointments, Alex Kyriakidis, President & Managing Director, Middle East and Africa Continent, said: “Our Company witnessed unprecedented levels of growth during 2013; with strong expansion plans and a raft of new hotels set to join our regional portfolio in the coming years it is vital we have the right team in place. Samir and Philip join our team with a vast amount of industry knowledge that will be vital to our on-going success during this important period of development. I would like to extend my personal welcome to them both.”

Baidas brings with him a wealth of expertise as a result of 10 years’ experience within Marriott International. Starting his operations career in 1991 Saudi Arabia, he then went on to establish the hospitality and real estate consultancy department at BDO Bahrain Jawad Habib before rejoining Marriott in 2004 as Vice President Development officer. Earlier in his career he also spent four years in the Arthur Andersen Middle East real estate and hospitality division where he conducted advisory assignments for potential investments in twelve countries.

Commenting on his position, Baidas said: “There is huge optimism in our region’s hotel sector − and it’s the growth of the mid-market that is creating the biggest buzz. I am delighted to have assumed the position as Chief Development Officer at this pinnacle point in Marriott International’s history. I look forward to supporting the team with on-going regional success.”

Bryson will have responsibility for the overall performance of Marriott International’s existing hotels and provide oversight for new build properties across the Middle East and North Africa.  He will oversee the Area Vice President and Market Vice President positions and will be responsible for the development and implementation of regional strategies and initiatives, executing brand service strategies, and enhancing owner loyalty. Bryson has had a long and varied career with Marriott International, for over 20 years, spanning the United Kingdom, Africa, and Asia. His strong operations background and his emerging market experiences make him an ideal candidate for this role.   

Bryson said: “At the start of 2014 a report by Smith Travel Research stated that globally Marriott International signed more than one hotel project per day in 2013, totaling a record 387 hotels and 67,000 rooms. The company opened nearly 26,000 new rooms in 2013 and, given its strong pipeline, expects new hotel openings to accelerate in 2014 and 2015. Such rapid development needs an experienced operations team in place to cater to hotels under management, in addition to upcoming openings. I am excited about the growth of the region and look forward to helping Marriott International capitalize on its current success.”

In 2013, Marriott increased its total development pipeline by over 30 percent.  At year-end 2013, Marriott had more than 195,000 rooms under development across five continents, compared to 176,000 rooms at the end of the third quarter and 143,000 rooms just a year ago.  At year-end 2013, the company’s global pipeline included 72,000 hotel rooms under construction, 83,000 rooms signed but not yet under construction, 11,000 rooms awaiting conversion to one of Marriott’s brands, and 29,000 rooms for projects that have been approved for development but not yet signed. 

In MEA the company currently has a regional presence consisting of 161 properties in 18 countries, of which 116 are situated in sub-Saharan Africa, spanning eight lodging brands.

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties, and more than 690,000 rooms in 77 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013.  For more than 80 years, the company has been committed to guest satisfaction.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  

Connect with Deema.Kingsmill-Moore@marriott.com