Marriott News Center

275 posts categorized "Marriott"

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

04/29/2014

Marriott International Reports First Quarter Results

Marriott International logo
HIGHLIGHTS

• First quarter diluted EPS totaled $0.57, a 33 percent increase over prior year results;

• North American comparable systemwide RevPAR rose 6.3 percent in the first quarter with average daily rates up 3.3 percent;

• On a constant dollar basis, worldwide comparable systemwide RevPAR rose 6.2 percent in the first quarter, including a 3.2 percent increase in average daily rate;

• Marriott repurchased 7.0 million shares of the company’s common stock for $356 million during the first quarter.  Year-to-date, the company repurchased 9.0 million shares for $467 million;

• Comparable company-operated house profit margins increased 160 basis points in North America and 130 basis points worldwide in the first quarter;

• Adjusted for cost reimbursements, the company’s operating income margin increased to 41 percent compared to 38 percent in the year-ago quarter;

• At the end of the first quarter, the company’s worldwide development pipeline increased to over 200,000 rooms, including nearly 30,000 rooms approved, but not yet subject to signed contracts.  The pipeline does not include the more than 10,000 rooms associated with the Protea transaction, which was completed on April 1st;

• Nearly 6,000 rooms were added during the first quarter, including over 1,000 rooms converted from competitor brands and 3,300 rooms in international markets;

• Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $339 million in the quarter, a 12 percent increase over first quarter 2013 adjusted EBITDA.

BETHESDA, MD – April 29, 2014 - Marriott International, Inc. (NASDAQ: MAR) today reported first quarter 2014 results.  Due to the company’s change in the fiscal calendar beginning in 2013, the first quarter of 2014 reflects the period from January 1, 2014 through March 31, 2014 (90 days) compared to the 2013 first quarter, which reflects the period from December 29, 2012 through March 31, 2013 (93 days).  Prior year results have not been restated for the change in fiscal calendar, although revenue per available room (RevPAR), occupancy and average daily rate statistics are reported for calendar quarters for purposes of comparability.

First quarter 2014 net income totaled $172 million, a 26 percent increase compared to first quarter 2013 net income.  Diluted earnings per share (EPS) totaled $0.57, a 33 percent increase from diluted EPS in the year-ago quarter.  First quarter 2014 results reflect a $10 million impairment charge and a net $16 million tax benefit.  On February 19, 2014, the company forecasted first quarter diluted EPS of $0.47 to $0.52.

Arne M. Sorenson, president and chief executive officer of Marriott International, said, “We are delighted to report solid results in the first quarter of 2014.  We continue to enjoy strong preference for our brands, sustained economic growth and favorable industry supply trends in many markets around the world. 

“North American group and transient demand exceeded our expectations during the quarter, driving RevPAR and house profit margins higher.  We were particularly pleased to see higher food and beverage spending by both groups and transient guests.

“While hotel industry supply in North America is growing only modestly, particularly in the full-service segment, we are taking a greater share of new hotels being developed around the world, reflecting owners’ and franchisees’ confidence in our brands and operational strength.  At quarter-end, we had over 200,000 rooms in our development pipeline, a 35 percent increase from a year ago.

“On April 1, we became the largest hotel company in Africa after completing our acquisition of the Protea Hospitality Group.  We look forward to new opportunities for growth in Africa.
 
“Looking ahead, we expect demand to remain strong, with North American comparable company-operated RevPAR increasing 4 ½  to 6 ½ percent in 2014 and property-level house profit margins improving 100 to 150 basis points.  We expect 5 percent net rooms growth worldwide and another year of record signings from our development team.

‘We remain committed to increasing RevPAR, growing our distribution globally and controlling costs in order to drive earnings and shareholder value.  Over the past 4 years, we have repurchased 103.1 million shares for approximately $3.8 billion and 21.6 million shares for $973 million in the last four quarters alone.”

For the 2014 first quarter, RevPAR for worldwide comparable systemwide properties increased 6.2 percent (a 5.9 percent increase using actual dollars).

In North America, comparable systemwide RevPAR increased 6.3 percent in the first quarter of 2014, including a 3.3 percent increase in average daily rate.  RevPAR for comparable systemwide North American full-service hotels (including Marriott Hotels, The Ritz-Carlton, Renaissance Hotels, Gaylord Hotels and Autograph Collection Hotels) increased 6.5 percent with a 3.6 percent increase in average daily rate.  RevPAR for comparable systemwide North American limited-service hotels (including Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites and Fairfield Inn & Suites) increased 6.2 percent in the first quarter with a 3.1 percent increase in average daily rate.

International comparable systemwide RevPAR rose 5.7 percent (a 4.4 percent increase using actual dollars) in the first quarter.

Marriott added 32 new properties (5,855 rooms) to its worldwide lodging portfolio in the 2014 first quarter, including The Ritz-Carlton Kyoto, the JW Marriott Dongdaenum Square Seoul and the Pier One Sydney Harbour, an Autograph Collection hotel.  Fourteen properties (2,154 rooms) exited the system during the quarter.  At quarter-end, the company’s lodging group encompassed 3,934 properties and timeshare resorts for a total of nearly 680,000 rooms.

The company’s worldwide development pipeline increased to more than 1,200 properties with over 200,000 rooms at quarter-end, including 186 properties with nearly 30,000 rooms approved for development, but not yet subject to signed contracts.  The company’s pipeline at quarter-end does not include the 10,148 rooms associated with the Protea transaction.

MARRIOTT REVENUES totaled nearly $3.3 billion in the 2014 first quarter compared to revenues of over $3.1 billion for the first quarter of 2013.  Base management and franchise fees totaled $318 million compared to $304 million in the year-ago quarter.  The year-over-year increase largely reflects higher RevPAR and non-room revenue partially offset by $5 million of lower fees due to the three additional days in the year-ago quarter as a result of the change in the fiscal calendar.

First quarter worldwide incentive management fees increased $5 million to $71 million.   Incentive fee growth in the first quarter was somewhat constrained by tough comparisons to last year’s Hurricane Sandy recovery in New York, the inauguration in Washington, DC and the Super Bowl in New Orleans.  In the first quarter, 36 percent of worldwide company-managed hotels earned incentive management fees compared to 33 percent in the year-ago quarter. 

On February 19, the company estimated total fee revenue for the first quarter would total $380 million to $395 million.  Actual total fee revenue in the quarter was within the expected range.  

Worldwide comparable company-operated house profit margins increased 130 basis points in the first quarter.  House profit margins for comparable company-operated properties outside North America increased 70 basis points and North American comparable company-operated house profit margins increased 160 basis points from the year-ago quarter.

Owned, leased and other revenue, net of direct expenses, totaled $49 million, compared to $45 million in the year-ago quarter.  Improved results at several leased hotels and results from a property the company acquired in the fourth quarter of 2013 were partially offset by lower termination and residential branding fees. 

On February 19, the company estimated first quarter owned, leased and other revenue, net of direct expenses would total approximately $45 million for the first quarter.  Actual results in the quarter exceeded those expectations by $4 million largely due to better than expected performance at several international hotels.

DEPRECIATION and AMORTIZATION expense totaled $36 million in the 2014 first quarter compared to $25 million in the year-ago quarter.  The increase in expense largely reflects a $10 million impairment charge for the company’s owned EDITION hotels due to higher estimated construction costs.  These hotels are contracted for sale at a fixed price.

GENERAL, ADMINISTRATIVE and OTHER expenses for the 2014 first quarter totaled $148 million, a 10 percent decline compared to the year-ago quarter.

On February 19, the company estimated general and administrative expenses for the first quarter would total $155 million to $160 million.  Actual expenses in the quarter were lower than expected largely due to favorable timing.  

Provision for Income Taxes
The provision for income taxes in the first quarter was lower than anticipated due to a net $16 million non-cash tax benefit largely related to a settlement with the IRS.

Adjusted Earnings before Interest Expense, Taxes, Depreciation and Amortization (EBITDA)
Adjusted EBITDA totaled $339 million in the 2014 first quarter, a 12 percent increase over 2013 first quarter adjusted EBITDA of $303 million.  See page A-6 for the EBITDA calculation.

BALANCE SHEET
At the end of the first quarter, total debt was $3,302 million and cash balances totaled $184 million, compared to $3,199 million in debt and $126 million of cash at year-end 2013.

COMMON STOCK
Weighted average fully diluted shares outstanding used to calculate diluted EPS totaled 303.3 million in the 2014 first quarter, compared to 320.0 million in the year-ago quarter.

The company repurchased 7.0 million shares of common stock in the first quarter at a cost of $356 million.  Year-to-date, Marriott repurchased 9.0 million shares of its stock for $467 million.  The remaining share authorization as of April 29, 2014, totaled 30.3 million shares.

OUTLOOK
For the 2014 second quarter, the company expects comparable systemwide calendar RevPAR on a constant dollar basis will increase 4 to 6 percent in North America, outside North America and worldwide.

The company expects full year 2014 comparable systemwide RevPAR on a constant dollar basis will increase 4.5 to 6.5 percent in North America, 4 to 6 percent outside North America and 4.5 to 6.5 percent worldwide.

The company anticipates gross room additions of 6 percent worldwide for the full year 2014 including the 10,148 rooms associated with the Protea acquisition.  Net of deletions, the company expects its portfolio of rooms will increase by approximately 5 percent by year-end 2014. 

The company assumes full year fee revenue could total $1,665 million to $1,705 million, growth of 8 to 11 percent over 2013 fee revenue of $1,543 million. 

For 2014, the company anticipates general, administrative and other expenses will total $640 million to $650 million, flat to down 1 percent compared to 2013 expenses of $649 million.

Given these assumptions, 2014 diluted EPS could total $2.39 to $2.53, a 20 to 27 percent increase year-over-year. 

 

Second Quarter 2014 Full Year 2014
 Total fee revenue         $440 million to $450 million $1,665 million to $1,705 million
 Owned, leased and other revenue, net of direct expenses $60 million to $65 million $220 million to $230 million
Depreciation and amortization Approx. $30 million     Approx. $130 million
 General, administrative and other expenses     $165 million to $170 million $640 million to $650 million
 Operating income     $300 million to $320 million     $1,105 mllion to $1,165 million
 Gains and other income     Approx. $0 million  Approx. $5 million
 Net interest expense1 Approx. $25 million  Approx. $100 million
 Equity in earnings (losses) Approx. $0 million Approx. $0 million
 Earnings per share     $0.63 to $0.68  $2.39 to $2.53
 Tax rate   32.0 percent

1Net of interest income

The company expects investment spending in 2014 will total approximately $800 million to $1.0 billion, including approximately $150 million for maintenance capital spending and $193 million associated with the Protea transaction.  Investment spending also includes other capital expenditures (including property acquisitions), new mezzanine financing and mortgage notes, contract acquisition costs, and equity and other investments.  Assuming this level of investment spending, approximately $1.25 billion to $1.5 billion could be returned to shareholders through share repurchases and dividends.

Based upon the assumptions above, the company expects full year 2014 adjusted EBITDA will total $1,440 million to $1,500 million, a 9 to 13 percent increase over the 2013 full year adjusted EBITDA of $1,325 million.  See page A-7 for the adjusted EBITDA calculation.

Marriott International, Inc. (NASDAQ: MAR) will conduct its quarterly earnings review for the investment community and news media on Wednesday, April 30, 2014 at 10 a.m. Eastern Time (ET).  The conference call will be webcast simultaneously via Marriott’s investor relations website at http://www.marriott.com/investor, click the “Recent and Upcoming Events” tab and click on the quarterly conference call link.  A replay will be available at that same website until April 30, 2015.

The telephone dial-in number for the conference call is 706-679-3455 and the conference ID is 10575194.  A telephone replay of the conference call will be available from 1 p.m. ET, Wednesday, April 30, 2014 until 8 p.m. ET, Wednesday, May 7, 2014.  To access the replay, call 404-537-3406.  The conference ID for the recording is 10575194.

Note on forward-looking statements:  This press release and accompanying schedules contain “forward-looking statements” within the meaning of federal securities laws, including RevPAR, profit margin and earnings trends, estimates and assumptions; the number of lodging properties we expect to add to or remove from our system in the future; our expectations about investment spending; and similar statements concerning anticipated future events and expectations that are not historical facts.  We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those we identify below and other risk factors that we identify in our most recent annual report on Form 10-K quarterly report on Form 10-Q.  Risks that could affect forward-looking statements in this press release include 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; and the availability of capital to finance hotel growth and refurbishment.  Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.  We make these forward-looking statements as of April 29, 2014.  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 leading lodging company based in Bethesda, Maryland, USA, with more than 3,900 properties in 71 countries and territories as of quarter-end and reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels under 16 brands, including Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Protea Hotels, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments; licenses vacation ownership resorts under the Marriott Vacation Club, Grand Residences by Marriott and Ritz-Carlton Club brands; and licenses and manages residential properties under several of its brands.  There are approximately 330,000 employees at headquarters, managed and franchised properties.  Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  

Click here to Download MAR Q1 2014 Press Release Schedules - FINAL

Contacts: 
Tom Marder, (301) 380-2553, thomas.marder@marriott.com 
Betsy Dahm, (301) 380-3372, betsy.dahm@marriott.com

04/28/2014

Marriott Hotels Expands Brand in China

Lobby2New Jixian Marriott Hotel Pitches-in on Sustainable Tourism.

Tianjin, China, April 27 2014 – Marriott International, Inc. (NASDAQ: MAR) today celebrated the opening of its 282-room Jixian Marriott Hotel, taking the total number of properties under its iconic Marriott Hotels brand in China to 16. Under a long-term management agreement with Saint Light Investment Group, the hotel is a pioneer in Greater China for embracing sustainable tourism. Download images.     

ChineserestaurantThe hotel is located in Jixian which is in the northern part of Tianjin and also close to Beijing. With its proximity to a variety of leisure travel attractions including the Pan Mountain, Great Wall, golf courses, ski parks and natural parks, Jixian Marriott Hotel is an ideal choice for incentive conferences, meetings and exhibitions, wedding couples and honeymooners. It is also appealing to individual or family guests from nearby areas such as Tianjin, Beijing and Tangshan who want to take a short leisure break away from the hustle and bustle of urban life.     

“Marriott Hotels is Marriott International’s flagship brand and is undergoing a global transformation,” said Henry Lee, Chief Operations Officer – Greater China. Marriott Hotels is  bringing innovation and service excellence to every aspect of the travel experience and the Jixian Marriott perfectly embraces the brand’s Travel Brilliantly philosophy.”

“I would like to applaud our owner partner Saint Light Investment Group for its vision of building such an exceptional hotel that puts focuses on low carbon footprint and environmental friendliness. Marriott International is a staunch supporter of sustainable tourism, and we are most pleased to work with partners that share the same philosophy,” Lee added.

Guest_roomJixian Marriott Hotel offers 282 spacious guestrooms, inclusive of 8 suites and 8 villas, that are equipped with luxurious furnishing, state-of-the-art amenities and picturesque views of Jixian resort area.

The refreshed guest experience begins on arrival with the option of quick and convenient check-in via smartphone. Jixian Marriott Hotel joins some 350 Marriott Hotels globally to offer both digital check-in and check-out, giving guests greater flexibility.

The hotel offers 1,900 square meters of meeting space that consist of one grand ballroom, one junior ballroom and eight function rooms. They are complemented with the state-of-the-art meeting facilities and technologies.

Guests can enjoy distinct food and beverage experiences within the hotel. Man Ho offers classic, authentic Cantonese cuisine in a stylish, contemporary Asian design envelope and is considered excellent, regionally relevant and accepted by the local community. Also dubbed as “The Great Room”, The Lounge has a feature bar that transitions from a coffee and pastry focus in the day to alcoholic beverages and snacks in the evening.

Other recreational amenities of the hotel include fitness center, swimming pool, Spa with hot spring pools.

Jixian Marriott Hotel is arguably the first "low carbon emission hotel" in China that engages its guests to support sustainable tourism with a carbon footprint recording system.  This system reports the CO2 emission of its guests’ activities in the hotel, including their actual energy consumption. A personal carbon emission statement will be provided to guests when they check out. The hotel has been awarded the three-star certificate of green building design by the Ministry of Housing and Urban-Rural Development of China.

For more information or reservations, please call Jixian Marriott Hotel (86.22.29179999)

Marriott Hotels
With 500 hotels and resorts in nearly 60 countries 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.

Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 79 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. 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 jane.cai@marriott.com

04/10/2014

Travel Through Marriott’s Interactive 2013 Annual Report and “Find Your World”

Marriott International 2013 Annual ReportBethesda, Md., April 10, 2014, Marriott International Inc., (NASDAQ: MAR) is encouraging travelers and shareholders to “Find their World” through the company’s interactive 2013 Annual Report. Designed with modern social media platforms as inspiration, the interactive report uses captivating images of some of Marriott’s hotels in more than 70 countries across the globe to guide readers through the company’s major achievements and innovations of 2013, including mobile check-in, the announcement of Moxy® hotels and the acquisition of African hotel chain Protea. [Download images and video.]
Always environmentally conscious, Marriott decided to print only the executive letters, corporate information and Report on Form 10K this year, encouraging the reader to experience Marriott online and on-the-go. More information about Marriott’s Spirit To Serve and commitment to the global community can be found in the online report.

Additional features in the 2013 Annual Report include:

- A year-in-review video with a preview of the company’s 4000th hotel, The Marriott® Marquis® Washington, DC, due to open in May 2014.

- A creative map featuring roll-over regional highlights such as the opening of The London EDITION®, and the first Fairfield by MarriottSM in India.

- Links to executive blogs, Facebook and Twitter pages, so you can stay connected with Marriott on your computer, smart phone or mobile device.

- “Marriott International at-a-glance” downloadable fact sheet.

Through performance details, the report reaffirms Marriott’s position as a true leader in the lodging industry, supported by the many awards won by the company in 2013 including: FORTUNE®’s Most Admired Lodging Company, a 100% score on the Human Rights Campaign Corporate Equality index, and a place on the Ethisphere Institute’s World’s Most Ethical Companies list. Visit the 2013 Marriott International Annual Report and find inspiration for your next travel adventure at www.marriott.com/investor.

Connect with felicia.mclemore@marriott.com or megan.ryan@marriott.com

03/12/2014

Iconic Riyadh Marriott Hotel Transformed After Multi-Million Dollar Brand Refresh

Riyadh Marriott Hotel re-launch 2Riyadh, Saudi Arabia – March 12, 2014 – Marriott International celebrated the re-launch of its landmark property, the Riyadh Marriott Hotel . Opened in 1980, located in the heart of Riyadh, and operating under the flagship Marriott Hotels brand, the Riyadh Marriott Hotel was the company’s first property in the Middle East and Africa.

[Pictured: Mr. Abdullah Al-Issa, Chairman of the Board of Directors, Saudi Hotels and Resorts Company and Mr Alex Kyriakidis, President and Managing Director, Marriott International Middle East and Africa cutting the ribbon to re-launch the Riyadh Marriott Hotel after completion of a multi-million SAR refurbishment.]

Riyadh Marriott Hotel“I am delighted to celebrate this historic milestone with the re-launch of our beautiful Riyadh Marriott Hotel. This property is iconic for Marriott International and for the city of Riyadh. Mr. Marriott himself signed the deal and visited Riyadh back in 1979 when the hotel was under construction,” said Alex Kyriakidis, President and Managing Director, Marriott International Middle East and Africa.

Riyadh Marriott Hotel Terrace Grill Restaurant 1“The Riyadh Marriott Hotel is a beacon. It showcases our authenticity as a company, our roots and the strength of our partnership with SHARACO, the owners of the property for more than 30 years. With the refurbishment, the hotel also symbolizes and showcases our vision, as we continue to innovate and lead the future of travel,” continued Mr. Kyriakidis.

With the completion of the extensive, 1.5-year brand refresh the Riyadh Marriott Hotel has been taken to a new level of style and sophistication.

“We are very pleased to see our shared vision with Marriott International come to life. Our refurbished five-star property is evidence of our commitment to continued innovation in guest services and experience,” said Dr. Badr Al-Badr, CEO, Saudi Hotels and Resorts Company (SHARACO).

Riyadh Marriott Hotel GreatroomThe newly refurbished Riyadh Marriott Hotel features one of Marriott Hotels’ signature new innovations – the ‘Greatroom Lobby’ – which is being rolled out across all hotels in the region.

“The Hotel has been transformed to reflect the brand’s goal of reimagining the future of travel for the next generation of travelers, who blend work and play, demand style and substance, and require technology to stay connected,” said Muin Serhan, General Manager for the Riyadh Marriott Hotel. “The Greatroom Lobby at the Riyadh Marriott Hotel is stunning with an Arabian oasis atmosphere. Our guests can socialize, unwind, work or dine in this up-scale space where they can enjoy the ambience created by the spectacular light installations, Mashrabiya wooden screens, glass mosaics, water feature and plush seating. The area is work-ready too with hot desks, private meeting spaces and free guest Internet access 24 hours a day.”

Other new features and amenities at the Riyadh Marriott Hotel include:

  • 418 newly-remodeled rooms incorporating modern furnishings with a contemporary look, neutral colours and accents of the brand’s iconic red. Smart lighting and high-tech facilities including jack-pack technology are also provided.
  • The Atrium Café in the Greatroom Lobby for relaxed meals and drinks throughout the day.
  • A newly-designed contemporary executive lounge for dining, relaxing and working with a skyline view of the city of Riyadh. The lounge offers complimentary food and beverages throughout the day. Fully equipped business center facilities, a private meeting room and high-speed Internet are also free of charge for guests staying on the executive floors.
  • Introduction of a ladies-only gym, where our female guests can workout on the latest LifeFitness equipment.
  • Bodyline, Riyadh’s largest hotel gym with LifeFitness equipment overlooking the impressive heated, indoor swimming pool and luxurious jacuzzi. This builds on the existing spa treatment zone and, squash and rooftop tennis court facilities.
  • Stunning new Royal Suite and exclusive airline crew lounge.
  • Terrace Grill fine-dining steakhouse. A MENA Travel Award winner and the only restaurant in Riyadh specializing in “Angus Beef”.
  • MENA Travel Award winning Makarim Conventions Center with grand ballrooms to facilitate business conferences, weddings and other social events.

At present, there are 500 Marriott Hotels in nearly 60 countries around the world. Marriott Hotels currently operates 16 hotels in 7 countries in the Middle East and Africa with a total 5,397 rooms.  By 2017, there will be a further 13 properties across the region, raising the room count by nearly 3,000 rooms.

In Saudi Arabia, the Marriott Hotels brand is represented with locations in Riyadh, Jeddah and Madinah, with a new property in Makkah scheduled to open by Q4 of this year. This new five-star property is located near the Grand Mosque in the Jabal Omar development.

Marriott International operates under four lodging brands across the Kingdom of Saudi Arabia: Marriott Hotels, Marriott Executive Apartments, Courtyard by Marriott and The Ritz-Carlton, and currently has seven properties in Riyadh, Jeddah, Madina and Jazan with 1,651 rooms. There are a further seven properties scheduled to join Marriott International’s portfolio in the Kingdom by 2017, bringing in new brands and new cities, bringing the total room count to 4,125:

  • 83-unit Residence Inn by Marriott Jazan (2014)
  • 540-room Makkah Marriott Hotel (2014)
  • 210-room Courtyard by Marriott Riyadh Olaya Street (2015)
  • 639-room JW Marriott Hotel Makkah (2016)
  • 370-room JW Marriott Hotel Jeddah (2016)
  • 432-room Courtyard by Marriott Makkah (2017)
  • 200-room Courtyard by Marriott Riyadh North (2017)

About Marriott Hotels
With 500 hotels and resorts in nearly 60 countries 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 Great Room, 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.

Connect with deema.kingsmill-moore@marriott.com

 

 

 

02/24/2014

Marriott International Expands its Iconic Marriott Hotels Brand in China With the Opening of Shanghai Marriott Hotel Parkview

Shanghai Marriott Hotel Parkview LobbyShanghai, February 24, 2014 – Marriott International, Inc. (NASDAQ: MAR) continues its rapid expansion in China with the opening today of the 317-room Shanghai Marriott Hotel Parkview, bringing the total number of  properties in China under the flagship  Marriott Hotels brand to 15.  Marriott International manages the Shanghai Marriott Hotel Parkview under a long-term agreement with the owner, Shanghai Bao Hua Group.

The hotel is situated next to the Multimedia Valley in Zhabei District and offers unparalleled meetings and events facilities and is the only hotel in Shanghai’s city center with two full-sized pillar-less ballrooms, as well as a wide selection of large conference spaces.

Neighboring the Daning Lingshi Park, the largest green space in the downtown area, the hotel provides a tranquil environment surrounded by nature trails, offering the guests the ability to seamlessly switch between work and leisure.

“We are delighted to open this inspiring hotel in Shanghai which adds to our extensive portfolio in China,” said Mr. Simon Cooper, President & Managing Director of Asia Pacific for Marriott International. “The Shanghai Marriott Hotel Parkview marks Marriott International’s first partnership with Shanghai Bao Hua Group with whom we share a common vision and drive to make this a truly stunning new hotel for this very important city. With the addition of our 15th Marriott branded hotel in China, our total portfolio grows to 66 hotels in the country and our 21st in Shanghai, where we are the largest operator of full-service hotels in the city.”

“Marriott Hotels is the original and iconic brand within the Marriott International portfolio of hotel brands and we are currently on a journey to transform this brand and reassert its position as a pioneer in innovation. Shanghai Marriott Hotel Parkview will become a standard bearer for the newly revitalized Marriott Hotels brand, and is a great example of how we want the brand to be seen in the future,” said Mr. Cooper.

The Shanghai Marriott Hotel Parkview offers 317 rooms and suites that feature scenic views of the park, all with a modern and fresh design by internationally renowned interior design firm Hirsch Bedner Associates. The hotel also provides brand new room amenities by Thann, the natural Thai skincare line, for an enhanced beauty and body care experience.

The hotel is also the perfect choice for MICE (meetings, incentives, conferences, and exhibition). The impressive 2,800 square-meters of meeting space is conveniently located on one floor.

The larger of the hotel’s two pillarless ballrooms measures 1,400 square-meters and features two state-of-the-art 65sqm LED screens, while the other measures 1,000 square-meters and also provides one LED screen. Five flexible function rooms are perfect for small to medium sized sophisticated corporate events. The hotel’s dedicated wedding planning services coupled with its panoramic views across what is Shanghai’s biggest downtown parkland makes it the ideal location for a city wedding.

“Shanghai is one of the most important cities for meetings and events in the region, and the magnificent new Shanghai Marriott Hotel Parkview underlines Marriott’s commitment to lead the future of meetings in Asia,” said Ricky Lam, General Manager of Shanghai Marriott Hotel Parkview. “This hotel offers the very latest in technology, facilities and creative event spaces and is really a great example of the next generation of Marriott Hotels in Asia, which perfectly embodies the brand’s philosophy of allowing guests to “travel brilliantly”.

The hotel is home to four signature food and beverage outlets that are set to redefine the dining landscape in the immediate area for local residents and travelers alike. These include Shanghai City Bistro, an all-day dining restaurant featuring live action cooking stations showcasing traditional favorites and cuisines from around the world. The prestigious Man Ho Chinese Restaurant specializes in authentic Cantonese and Shanghainese cuisine. Eight private dining rooms provide an exclusive and comfortable backdrop for a more intimate gathering of friends and family or for entertaining large or small groups; Tatsumi is a stylishly-designed contemporary Japanese & Korean dining experience hidden away on the hotel’s second floor offering a tasteful blend of north Asian delicacies.

Guests can also relax in The Lounge which serves a selection of soft drinks and signature afternoon tea sets in The Lobby, an engaging setting where business and leisure intersect.

The hotel’s premium amenities include a 24-hour fitness center and indoor swimming pool, as well as access to a golf practice green and a tennis court.

High up on the 23rd floor alongside the executive rooms and suites, the Executive Lounge offers business services as well as complimentary food and drinks for Executive Floor guests.

Shanghai Marriott Hotel Parkview’s location means it is easily accessible not only to the business districts of Shanghai but also to a number of Shanghai’s most famous attractions. It is a five-minute walk to Metro Line 1, while only 15 minutes by car to the likes of People’s Square and the Bund. It is also 25 minutes to Shanghai Hongqiao Airport and 45 minutes to Shanghai Pudong Airport.

For more information or reservations, please call Shanghai Marriott Hotel Parkview at 8621. 3669 8888 or visit http://www.marriott.com/hotels/travel/shamp-shanghai-marriott-hotel-parkview/

About Marriott Hotels

With 500 hotels and resorts in nearly 60 countries 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).

Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 3,900 properties in 72 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. 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 jane.cai@marriott.com

 

01/16/2014

Marriott International Soars in FORTUNE ‘Best Companies to Work For’ List

FORTUNE - 100 Best Companies to Work ForBethesda, Md., January 16, 2014 - Marriott International, Inc. (NASDAQ: MAR) has once again been named one of FORTUNE magazine’s "100 Best Companies to Work For," maintaining its “All Star” status as one of only 13 companies that have appeared on the list every year since it began in 1998. Marriott associates cite the company’s ‘people first’ culture, breadth of career opportunities and ability to meet new people as contributing to the company’s ranking as third largest company by number of employees on the list, and #57 overall. The full 2014 list is available at http://www.Fortune.com/BestCompanies.

“Our business is all about creating great experiences for people and providing opportunities to grow and achieve,” says David Rodriguez, Marriott’s executive vice president and chief human resources officer. “As a hospitality company, how we support our associates directly correlates to superior customer service for our guests around the world. That is the foundation of our ‘people-first’ company culture and it continues to be our guidepost to business success.”

Marriott’s company culture attracts top talent and those stars tell their peers. Thirty percent of new hires are referred by existing associates. “Each day I have the opportunity to work with experienced professionals who are interested in maintaining the highest quality to keep our company strong and growing,” says one Marriott associate when responding to the FORTUNE survey. “Marriott does a good job of promoting from within, and individuals at all different levels are willing to share their knowledge and mentor others.”  

Marriott offers one of the largest and most engaging careers sites. Job seekers can experience the company’s award-winning culture by connecting through Marriott Jobs and Careers Facebook. With 1.1 million fans, it is the top careers page on Facebook across all industries.  This active online community is hosted by over 30 Marriott HR professionals who provide insights about the company and can answer your questions before you apply for a job.

More about Marriott’s culture and associates can be found by reading Executive Chairman Bill Marriott’s Marriott on the Move blog, and CEO Arne Sorenson’s recently launched LinkedIn blog which has garnered more than 46,000 followers.

Want to join the conversation? Tweet your comments to #Bestcos, or follow @MarriottIntl or @MarriottCareers on Twitter.

Methodology
To pick the 100 Best Companies to Work For, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 257 firms participated in this year's survey. More than 252,000 employees at those companies were surveyed by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts. After evaluations are completed, if news about a company comes to light that may significantly damage employees' faith in management, we may exclude it from the list. Any company that is at least five years old and has more than 1,000 U.S. employees is eligible. The deadline for applying for next year's list is June 30, 2014. For an online nomination form, go to the Great Place to Work Institute's web site. If you have further questions about the Best Companies to Work For, please e-mail fortunespecials@fortune.com.

About Marriott:  Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with nearly 3,900 properties in 72 countries and territories and reported revenues of nearly $12 billion in fiscal year 2012.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Marriott has long been recognized as a great place to work by several prominent publications, including Working Mother, DiversityInc and LATINA Style magazines, and for our social responsibility and sustainability successes by global organizations such as Ethisphere Institute, FTSE4Good and Climate Counts. For a list of other awards and recognition, visit http://news.marriott.com/awards-and-recognition.html.

Connect with angela.wiggins@marriott.com

01/07/2014

Marriott International Announces Release Date for Fourth Quarter 2013 Earnings

Marriott-International-LogoBethesda, Md. – January 7, 2014 – Marriott International, Inc. (NASDAQ: MAR) will report fourth quarter 2013 earnings results on Wednesday, February 19, 2014, at approximately 5:00 pm Eastern Time (ET).  The company will hold a conference call for the investment community to discuss its fourth quarter 2013 earnings on Thursday, February 20, 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 fourth quarter earnings call under “Recent and Upcoming Events”.  A replay will be available at that same website until February 20, 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 27161857  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, Thursday, February 20, 2014 until 8 p.m. ET, Thursday, February 27, 2014.  To access the replay, call 404-537-3406.  The conference ID for the recording is 27161857.

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 thomas.marder@marriott.com