Marriott News Center

285 posts categorized "Marriott"

11/13/2012

Marriott and Hertz Relaunch Florida Drive & Shop Package in Time for Holiday Shopping Season

Florida Drive & Shop PackageNow through December 31, 2012, at www.marriott.com/floridashoppingoffer.

Over 4.7 million Latin Americans traveled to the sunshine state last year to sightsee, enjoy the white sand beaches, amazing restaurants and nightlife and to take advantage of the exceptional shopping Florida has to offer. With the end of the year shopping season approaching, Marriott International Florida properties and Hertz are preparing to host the savvy holiday shoppers by relaunching the Florida Drive & Shop Package for Latin American & Caribbean travelers.

“We are very fortunate to have such great partners like Hertz in the region, with whom we have been able to create numerous successful promotions and offer benefits to our  mutual customers across Latin America,” said Nancy McHenry, Vice President of Sales and Marketing for the Southern Americas at Marriott International.

“Latin America and Caribbean visitors to Florida are well known for their desire to shop during their trips. This promotion is proof of how much we listen to the needs of our customers and offer benefits aligned to those needs. We are very happy to partner with Marriott, another leading player in the travel industry, to offer expanded benefits to our mutual customers,” said David Preciado, Director of Sales, Marketing & Strategic Partnerships Hertz Latin America & Caribbean

Loyal Hertz and Marriott Rewards members who book between now and December 31, 2012 for stays through January 31, 2013, at participating  JW Marriott, Renaissance Marriott Hotels & Resorts, with rates ranging from $109 - $559 per night, will receive:
• Upgraded guest room when available
• $25 hotel credit per night (not valid towards room rate)
• Up to 20% off  a Hertz Car Rental plus Triple Marriott Reward® Points

To book, visit www.marriott.com/floridashoppingoffer  and use promotional code VZ0 to receive the offer. Stays must be booked by now thru December 31, 2012. Stays must also be booked in advance. 
 
Participating Hotels

• Hollywood Beach Marriott
• Harbor Beach Marriott Resort and Spa
• Sawgrass Marriott Golf Resort & Spa
• Orlando Airport Marriott
• JW Marriott Orlando, Grande Lakes
• Orlando World Center Marriott Resort & Convention Center
• Miami Airport Marriott
• Miami Marriott Biscayne Bay
• Miami Marriott Dadeland
• JW Marriott Hotel Miami
• South Beach Marriott
• Marco Island Marriott Beach Resort, Golf Club & Spa
• Key Largo Bay Marriott Beach Resort
• Delray Beach Marriott
• Hutchinson Island Marriott Beach Resort & Marina
• West Palm Beach
• Palm Beach Gardens Marriott
• Palm Beach Marriott Singer Island Beach Resort & Spa
• Sanibel Harbour Marriott Resort & Spa
• Tampa Airport Marroitt
• Tampa Marriott Waterside Hotel & Marina
• Clearwater Beach Marriott Suites on Sand Key
• Fort Lauderdale Marriott North
• JW Marriott Marquis Miami
• Renaissance Orlando Hotel at SeaWorld
• Eden Roc Renaissance Miami Beach Resort & Spa
• Renaissance Tampa Hotel International Plaza
• St. Petersburg Renaissance Vinoy Resort & Golf Club
• Renaissance Boca Raton

TERMS & CONDITIONS
Offer valid for stays October 15, 2012 – January 31, 2013 at participating JW Marriott, Renaissance and Marriott Hotels & Resorts, in Florida.  Must reserve the promotional code VZ0 in order to receive offer.  Stays must be booked by December 31, 2012.  Stays must be booked in advance.  Offer not available during special events and blackout dates may apply.  Tax is additional and special offers cannot be combined.  This offer is not available to groups of 10 or more rooms.  Hotel credit not applicable for room rate and tax and may not be redeemed for cash.  Credit can be used on spa, golf, dining, and resort/hotel shops.  Offer includes up to 20 percent off in the United States, Canada & Puerto Rico and TRIPLE Marriott Rewards points on the Hertz rental.  Offer applies to Affordable Rates rentals, all vehicles, rentals of 1 day or more, rentals picked up through January 31, 2013 and at participating locations in the Canada, Puerto Rico, & United States.

Reservations must be made at least 24 hours in advance from Latin America & the Caribbean, using Marriott Rewards CDP 154080 and PC 168291 (for rentals in the U.S., Canada and Puerto Rico). For rentals in Puerto Rico: A printed version of this page must be presented and surrendered at time of rental. Minimum rental period is one day for daily rates, and five days for weekly rates. Normal Hertz Affordable, Leisure and Standard Rate rules and restrictions apply.
For rentals in the U.S, Canada & Puerto Rico: Minimum rental age is 20 (exceptions apply); age differential daily charges apply for renters under age 25. Minimum rental age for Adrenaline and Prestige Collection vehicles is 25.Discount applies on the base rate only (time and mileage); taxes, tax reimbursement, governmental surcharges, and optional services such as refueling fees are extra.Standard rental conditions and return restrictions must be met. This offer has no cash value and cannot be combined with any other promotion. Purchase of LDW, CDW and/or TP coverage may be mandatory in certain countries. All rentals require a credit card at time of rental (a certain amount will be blocked until the vehicle is returned). Frequent Flyer surcharges may apply for rentals in the U.S. of $0,75 per day, maximum of $5, 25 per rental. Offer applies at participating locations in the countries listed above. Offer void where prohibited, taxed, or restricted by law. Offer does not apply to travel industry rates, wholesale tour packages, insurance/dealer replacement of any other promotional rates or group travel. Not all vehicles are available in all locations. Triple Marriott Reward points are being awarded & paid for by Hertz based on customer renting a vehicle via this promotion To earn Marriott Rewards points, please enter your Rewards number in the "Frequent Traveler Number" field.
Other restrictions apply.

Hertz Offer includes:
Up to 20% off in the United States, Canada & Puerto Rico.
Triple Marriott Rewards points on the Hertz rental with valid Marriott Rewards Account#
 
Offer applies:
• To Affordable Rates rentals.
• To all vehicles
• To rentals of 1 day or more.
• To rentals picked up through 30/JAN/2013.
• *At participating locations in the Canada, Puerto Rico, & United States.

Visit Marriott International, Inc. (NYSE: 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 laura.botelho@marriott.com

11/12/2012

Marriott and Ritz-Carlton Hotels Impacted by Hurricane Sandy Reopen; Focus Remains on Relief

Marriott International and The J. Willard & Alice S. Marriott Foundation Donate $500,000 for Hurricane Sandy Disaster Relief.

• $250,000 in immediate relief through the American Red Cross
• $250,000 pledged for longer-term recovery
• Customers and associates mobilized in the effort

Just weeks after Hurricane Sandy moved through the Caribbean and along the Eastern U.S., all Marriott and Ritz-Carlton hotels that were temporarily closed as a result of the storm have reopened and are welcoming guests.

While our hotels have reopened, some areas impacted by the storm still face tremendous challenges. In the wake of Hurricane Sandy, Marriott International, Inc. (NYSE:  MAR) and The J. Willard & Alice S. Marriott Foundation, the Marriott family’s private foundation, are each contributing $250,000 for a total donation of $500,000 to hurricane relief. Half is going to the American Red Cross to help meet immediate community needs that will broadly benefit Marriott associates, their families, friends and neighbors. An additional $250,000 is earmarked for longer-term recovery efforts.  

“Our thoughts and prayers are with those still impacted by this massive storm, especially those who have experienced power outages, extensive property damage or worse,” said President and Chief Executive Officer Arne Sorenson. “Nearly 10,000 associates representing Marriott hotels work in the hard-hit New York and New Jersey regions, and a number of these associates have suffered significant damage to their homes or are still without power.” 

“We are proud of our associates and their extraordinary ‘Spirit to Serve’ dedication to their fellow associates, hotel guests and communities in this time of need. We are doing all we can to support their needs and their communities,” said J.W. "Bill" Marriott, Jr., executive chairman of Marriott International and trustee of The J. Willard and Alice S. Marriott Foundation.

Marriott is encouraging Marriott Rewards members to donate points for contributions to the American Red Cross disaster relief efforts. Members donate millions of points each year in support of charitable organizations like the Red Cross, which align with Marriott's community engagement strategy.

As part of their “Spirit to Serve,” Marriott associates have been donating blood, conducting fundraising drives, providing assistance in the community and protecting guests and properties during and in the aftermath of the storm.

For information regarding reservations, please call (800) 228-9290. Those in countries outside of the United States seeking information about the impact of the storm should call the Marriott International toll-free number in their country.

11/08/2012

Marriott International Declares Cash Dividend

Marriott International LogoMarriott International, Inc. (NYSE: MAR) today announced that its board of directors declared a quarterly cash dividend of thirteen cents ($0.13) per share of common stock.  
 
The dividend is payable on December 28, 2012 to shareholders of record on November 23, 2012. 

Visit Marriott International, Inc. (NYSE: 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

11/05/2012

Marriott Honors Top Franchisees for 2012

2012 Partnership Circle Award WinnersPrestigious Partnership Circle Award Given to Five Marriott Franchise Companies.

Marriott International honored top full service franchise partners at their annual MINA Conference held last week at the Marco Island Marriott Beach Resort in Florida. Five companies – E.J. Del Monte Corporation, JHM Hotels, PCH Hotels & Resorts, White Lodging Services and Winegardner & Hammons, Inc. – were awarded the Partnership Circle Award, the highest honor Marriott presents to its franchise partners for hospitality excellence. Executives from organizations that own or franchise JW Marriott Hotels, Autograph Collection, Renaissance Hotels, Marriott Hotels & Resorts and Gaylord Hotels attended the conference.

[pictured:  back row, L to R:  D.J. Rama, JHM Hotels; Jim Fisher, Marriott International; Bob McCarthy, Marriott International; J.W. Marriott, Jr., Marriott International; Arne Sorenson, Marriott International; Dave Grissen, Marriott International; Mike Mercier, E.J. Del Monte Corporation; Liam Brown, Marriott International - Front row, L to R: Bruce White, White Lodging Services; H.P. Rama, JHM Hotels; Keith Daub, Winegardner & Hammons, Inc.; Tony Davis, PCH Hotels & Resorts; Alex Del Monte, E.J. Del Monte Corporation; Deno Yiankes, White Lodging Services; Dave Sibley, White Lodging Services]

Marriott’s Partnership Circle Award honors companies who live Marriott’s vision, share a mutual long-term commitment to the business, fully embrace Marriott’s brand initiatives, focus on associates to create a well-managed and engaged workforce, invest in hotel product and provide outstanding customer service.

“All five recipients are repeat winners, consistently performing at the upper echelon of Marriott’s industry-leading full service franchise community. Each has previously won multiple awards for service, food & beverage and product leadership,” said Jim Fisher, Chief Owner & Franchise Services Officer, Marriott International.  “It is an honor to again recognize these hospitality leaders for their shared commitment to excellence. The lodging industry has faced a number of challenges over the past several years, but it hasn’t diminished the focus that these five have demonstrated. The results bear out the level of success they have again achieved.”

Marriott’s 2012 Partnership Circle Award Winners:
• E.J. Del Monte Corporation of Rochester, NY, owns a total of 17 Marriott-branded hotels, including the award-winning Del Monte Lodge Renaissance Rochester Hotel & Spa and the completely renovated Rochester Airport Marriott, as well as 15 select-service hotels. A family-owned business for 58 years, E.J. Del Monte has consistently delivered on guest service and has been a true partner to Marriott.
• JHM Hotels of Greenville, SC, owns and operates 23 Marriott-branded hotels. They are a partner who embodies the Marriott culture every day through their strong commitment to guest satisfaction and community service.
• PCH Hotels & Resorts of Birmingham, AL, owns and operates four Marriott Hotels & Resorts and four Renaissance Hotels in their home state of Alabama. Their properties include the historic Battle House Renaissance Mobile Hotel & Spa and the Marriott Shoals Hotel & Spa, which not only consistently deliver on guest satisfaction, but showcase some of the state’s most beautiful cities and resort areas.
• White Lodging Services of Merrillville, IN, opened the first franchised Fairfield Inn hotel in 1990. White Lodging Services operates more than 130 hotels across Marriott’s portfolio of brands, including the 1,005 room JW Marriott Indianapolis. They also celebrated the official groundbreaking of the 1,012 room JW Marriott Austin late last month. One of Marriott’s largest franchisees, White Lodging Services has received Marriott’s Partnership Circle Award ten times.
• Winegardner & Hammons, Inc. of Cincinnati, Ohio, opened the Cincinnati Marriott Northeast in 1996. Since then, the company’s portfolio has grown to include 18 Marriott-branded hotels. Consistent with the Marriott philosophy, Winegardner & Hammons believes in taking care of their associates and has a strong culture of guest service, helping make them a 14-time recipient of Marriott’s Partnership Circle Award.     

In addition to presenting the Partnership Circle Awards, Marriott honored franchisees for their achievements in the following categories: Developer of the Year, Opening of the Year, Spirit To Serve, Spirit To Preserve, Best New Product, Renovation Excellence, Service Excellence and Food & Beverage Excellence. A full list of award winners follows.

2012 MINA AWARD WINNERS
Partnership Circle
E.J. Del Monte Corporation
JHM Hotels
PCH Hotels & Resorts, Inc.
White Lodging Services
Winegardner & Hammons, Inc.

Developer of the Year
Turnberry Associates

Opening of the Year
Chicago Marriott Naperville – Managed by The Bricton Group & Owned by Janko Group

Spirit To Serve
JHM Hotels

Spirit To Preserve
Winegardner & Hammons, Inc.

Best New Product
Renaissance Baton Rouge Hotel – Wampold Companies
Louisville Marriott East – RockBridge Capital, LLC

Renovation Excellence
Fremont Marriott Silicon Valley – Quorum Hotels & Resorts
Indianapolis Marriott East – Shadeland Enterprises

Service Excellence
Amway Hotel Corporation
Boyne USA
E.J. Del Monte Corporation
Greenwood Hospitality Management
Lighthouse Properties, LLC
Menna Development and Management, Inc.
Olshan Hotel Management, Inc.
Pinnacle Hotel Management
PCH Hotels & Resorts, Inc.
Winegardner & Hammons, Inc.

Food and Beverage Excellence
E.J. Del Monte Corporation
PCH Hotels and Resorts, Inc.
White Lodging Services
Winegardner & Hammons, Inc.

Visit Marriott International, Inc. (NYSE: MAR) for company information.

Connect with stephanie.hampton@marriott.com.

10/25/2012

Marriott Hotels & Resorts and WIRED Hosted an Evening of Comedy with Funny or Die

Funny Or Die Emcee and Comedian James Adomian30 Rock's Kristen Schaal brought the house down along with an All-Star Roster of Comedians at the Marina del Rey Marriott. 

Marriott Hotels & Resorts, the signature brand of Marriott International, and WIRED, hosted An Evening with Funny or Die earlier tonight at Marina del Rey Marriott. 

Funny or Die curated a lineup of today's hottest comedians including: Kristen Schaal (30 Rock, The Daily Show), James Adomian (Harold & Kumar Escape from Guantanamo Bay), Maria Bamford (Louie), Andrés du Bouchet (Conan), Jerrod Carmichael (Goodwin Games) and T.J. Miller (Rock of Ages) and surprise appearance by Sean Patton (Conan)


Michael Dail, VP Global Brand Marketing, Marriott Hotels & Resorts, Funny Or Die’s Betsey Koch and ComediansThe invite-only event was standing room only with 240 guests who were treated to nearly 2 hours of laugh out loud comedy. Special guests in the audience included singer and actor, Asher Monroe (NBC’s Parenthood and Fame). The evening topped off with a spectacular after party at Glow, where guests sipped SkinnyGirl cocktails, noshed on Tex-Mex hors d’oeuvers, cheesecake pops and listened to the spins of DJ R-Rated.

This was the second event of the WIRED + Marriott Culturazzi Series, part of WIRED and Marriott’s partnership with WIRED Insiders — startup executives, digital game changers, gadget gurus, culture vultures, and adventurers — to curate monthly events through December, hosted at Marriott hotels, aimed to inspire, inform and entertain the next generation of travelers who blend work and play. 

Marriott Hotels & Resorts has been reimagining the guest experience, transforming its lobbies and public spaces for the next generation of travelers and the Marina del Ray Marriott offers the perfect blend of productivity and tranquility, with 18,000 sq. ft. of conference, meeting and event space with breathtaking views of the Malibu Mountains and the Pacific Ocean serving as the backdrop. 

CONTACT: Jennifer Clark on behalf of Marriott Hotels & Resorts
(212) 614-4862 (O) | (646) 204-5977 (C) | jennifer.clark@bm.com 

08/29/2012

Marriott International Announces Release Date for Third Quarter 2012 Earnings

MARRIOTTBETHESDA, Md. – AUGUST 29, 2012 – Marriott International, Inc. (NYSE: MAR) will report third quarter 2012 earnings results on Wednesday, October 3, 2012, at approximately 5:00 pm Eastern Time (ET).  The company will hold a conference call for the investment community to discuss its third quarter 2012 earnings on Thursday, October 4, 2012 at 10 a.m. ET.  News media can also access the conference call in a listen-only mode.

Marriott’s 2012 third quarter covers the 12-week time period from June 16, 2012 through September 7, 2012.  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.  Investors and news media wishing to access the call on the web should log on to http://www.marriott.com/investor, and click the link for the third quarter earnings call under “Recent and Upcoming Events”.  A replay will be available at that same website until October 4, 2013.  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 24533249 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 five to 10 minutes prior to the scheduled start time.

A telephone replay of the conference call will be available from 1 p.m. ET, Thursday, October 4, 2012 until 8 p.m. ET, Thursday, October 11, 2012.  To access the replay, call 404-537-3406.  The conference ID for the recording is 24533249.
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Visit Marriott International, Inc. (NYSE: 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.combetsy.dahm@marriott.com

 

08/28/2012

Marriott International 2011-2012 Sustainability Report Highlights Youth Employment Initiatives and Preserving the Environment

Report cover 2011 - 2012 Marriott Sustainability Report coverBETHESDA, MD – Marriott International, Inc. (NYSE:MAR) recently released its second full comprehensive Sustainability Report, using guidelines set forth by the Global Reporting Initiative (GRI).  In it, Marriott announced $2.5 million invested in its environmental portfolio over the past three years, and significant contributions to workforce development for disadvantaged youth around the world to help them gain skills and jobs. 

Brasil Eder completed the YCI program in 2011 - He is now a chef at the Renaissance São Paulo Hotel, Brazil.jpgThrough a global portfolio of partnerships called “World of Opportunity,” Marriott has been a catalyst for addressing rising youth unemployment with programs such as the Youth Career Initiative (YCI) in nine countries, SOS Children’s Villages and The Prince’s Trust in 24 European countries and The Ritz-Carlton’s “Succeed Through Service” in 26 countries.   For 21 years, the Marriott Foundation for People with Disabilities (MFPD) has provided job and life-skills training for young people with disabilities. Through the MFPD, more than 13,500 youth have been placed in mainstream employment with 3,500 employers, including Marriott, across nine cities in the U.S.

“For Marriott, creating a sustainable future includes preserving the environment, but it also means creating more jobs and stronger communities,” said Mari Snyder, vice president of social responsibility. “Over the next two years, we plan to hire approximately 100,000 people in our growing portfolio of hotels, two-thirds outside the United States. These programs are equipping disadvantaged youth with employable skills that can hopefully prepare them for jobs with Marriott.”

The results of Marriott’s 2011-2012 Sustainability Report are reported to shareholders, customers, nongovernmental organizations (NGOs) and associates, who Marriott works to inform about its priorities and actions, understand their evolving expectations and viewpoints and create opportunities to address substantive issues through partnerships and collaboration. 

In the report, Marriott captures results from 2011 in the areas of environmental, economic and social responsibility performance.  Highlights from the report include:

• A 12 percent reduction in water consumption per occupied room and a four percent reduction in energy consumption per square meter since 2007. 

Green Hotel Global, an online tool giving guests and business customers access to a comprehensive list of environmental metrics and practices for each hotel in the Marriott portfolio• The launch of a Green Hotel Global, an online tool giving guests and business customers access to a comprehensive list of environmental metrics and practices for each hotel in the Marriott portfolio.
 
• Investing in sustainable development with the announcement of plans to open the company’s first hotel in Port-au-Prince, Haiti.

• Hiring nearly 36,000 associates in 2011 with plans to hire approximately 100,000 more people around the world over the next two years.

• Becoming the first in our industry to tap into social media gaming with My Marriott Hotel on Facebook, showcasing the opportunities and growth potential attainable in hospitality careers. 

• Delivering “Human Rights and the Protection of Children” training to all associates worldwide and
participating in the International Tourism Partnership’s Human Trafficking Working Group that created an Industry Position Statement on Human Trafficking.

• Securing a $200,000 grant for YCI from the U.S. Department of State’s Office to Monitor and Combat Trafficking in Persons in order to include rehabilitated survivors of human trafficking into the YCI program in Mexico, Vietnam and Brazil.

• Marking the three-year anniversary of the company’s $2 million commitment to the Juma Sustainable Development Reserve in Amazonas, Brazil to protect 1.4 million acres of rainforest.

• Helping to protect the source of fresh water in southwestern China’s Sichuan Province through the
company’s Nobility of Nature program in partnership with Conservation International. The initiative promotes sustainable jobs—such as beekeeping and honey production.

“Our success depends on providing the information and transparency that our stakeholders increasingly expect,” said Arne Sorenson, president and CEO of Marriott International.  “It also depends on being true to this purpose: to provide the opportunity for rewarding travel experiences for our guests, the opportunity for personal and professional growth for our associates, and the opportunity for a better and more sustainable future in the communities where we live and work.”

Comments and feedback related to the report are welcome at community.engagement@marriott.com.  For more information about Marriott’s corporate social responsibility initiatives or for a full copy of the report, visit www.marriott.com/socialresponsibility.  For more about Marriott’s environmental initiatives, visit www.marriott.com/environment.

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.

Visit Marriott International, Inc. (NYSE: 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

 

08/09/2012

Marriott International Declares Cash Dividend

MARRIOTTBethesda, Md. – August 9, 2012 – Marriott International, Inc. (NYSE: MAR) today announced that its board of directors declared a quarterly cash dividend of thirteen cents ($0.13) per share of common stock.  
 
The dividend is payable on September 14, 2012 to shareholders of record on August 23, 2012. 

Visit Marriott International, Inc. (NYSE: 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

07/31/2012

Marriott International Announces Significant Expansion of Global Sales Network in Spain

AC Hotel Cuzco - Madrid, SpainNew Global Sales Office Will Support Marriott’s Growth in Spain.

LONDON – Marriott International’s recent growth in Spain has led to a major expansion of its global sales network in the country.  The company’s new global sales office in Madrid, Spain is based at the AC Hotel Cuzco and is now open, complementing our Barcelona Global Sales Office and recent hotel developments in the country. 

“Marriott International’s presence in Spain has significantly grown since the AC Hotels by Marriott and Autograph Collection brands joined our global portfolio in 2010.  In fact we now have over 80 hotels in Spain, more than any other country in Europe. We are thrilled to open our new global sales office here, significantly expanding our resources in this ever-expanding and dynamic market,” said Neal Jones, vice president of Marriott’s Global Sales Europe and Global Intermediaries. [photo: AC Hotel Cuzco - Madrid, Spain]

The new team is tasked with further driving sales momentum in the market as well as forging deeper relationships with key lodging buyers who have significant local and international requirements. As a result of the changes, the former relationship between Marriott International and its General Sales Agent in Spain has ceased. Marriott International has seen its market share in to, and out of Spain, increase significantly over recent years and its grateful to all of its business partners for this success.

Jones added, “The expansion of Marriott’s global sales organization in Spain reaffirms our commitment to this important market and will deliver huge benefits to our Spanish based customers, helping to deliver the high standards of account servicing Marriott in known for.”

For more information on Marriott International, Inc. or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with elizabeth.caminiti@marriott.com

 

06/18/2012

Global Expansion Fuels Marriott Earnings Growth

Shanghai Marriott LuwanLeading Brands and New Hotels Drive Strong Free Cash Flow.

• 4,000 hotels planned in 90 countries by 2014
• Over 100 hotels expected in China by 2014
• Approximately $4 Billion to $5 Billion available for return to shareholders or opportunistic investments over three years

BEIJING – Leading global hotel operator Marriott International, Inc. (NYSE: MAR) is on track to have 4,000 hotels in 90 countries across its 14-brand lodging portfolio by 2014.  With 115,000 hotel rooms in its development pipeline, it could open between 90,000 and 105,000 new rooms around the world in 2012 through 2014, not including the planned Gaylord acquisition.

In presentations at its first meeting in China for security analysts and institutional investors, Marriott said it expects to have more than 100 hotels across nine brands and nearly 40 markets in China by 2014.

Assuming 6 to 8 percent compound growth in worldwide systemwide Revenue per Available Room (RevPAR) for 2012 through 2014, diluted earnings per share (EPS) could reach $2.45 to $2.85 in 2014.

Arne Sorenson, Marriott International’s president and chief executive officer, told investors, “China is a fitting place to present our tremendous global growth story and discuss our outstanding financial prospects.  Even today, China is our second most important market after North America, representing roughly 5 percent of total fees.  On average we expect to open a hotel a month in this country over the next three years.

“Beyond our major expansion here, China also represents extraordinary opportunities for the travel sector globally.  The country is now the third largest source market for international travel behind the U.S. and Germany, with 70 million travelers annually, fueled by a dramatically growing middle class.  Chinese arrivals in the U.S. were one million in 2011 and are expected to grow to three million by 2016.   We are working with our industry to smooth the visa process in the U.S. and we look forward to welcoming more visitors from around the world,” said Mr. Sorenson.

Discussing its operating model, the company said that it could generate between $1.8 billion and $1.9 billion in worldwide fee revenue through 2014, assuming compound worldwide systemwide RevPAR growth of 6 to 8 percent.

With strong cash flow expected, Marriott assumes investment spending of $2.6 billion to $2.8 billion from 2012 through 2014.  The company expects to recycle $800 million to $1 billion of capital during the period.  Assuming this level of net investment, a 6 to 8 percent RevPAR growth scenario and new debt issuances, the company could have $4.0 billion to $4.7 billion to return to investors or deploy in additional opportunistic investments over the next three years.

Highlighting its commitment to and focus on the China market, Marriott said it plans to hire 30,000 employees in the country by the end of 2015.  The company now has one million Chinese members in its 38 million member guest loyalty program, Marriott Rewards, and has also established a fresh water conservation initiative, “Nobility of Nature,” in partnership with local communities in Sichuan Province.

“We are excited about our future, here in China, elsewhere in Asia and around the world.  Our core values are led by putting people first.  That, combined with a strong brand portfolio, hotels in outstanding locations, and operations and development closely aligned with local markets, will enable us to grow market share, enhance guest loyalty and drive long-term profitability for both our hotel owners and shareholders,” said Mr. Sorenson.

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 June 18, 2012 from approximately 7:30 p.m. to midnight Eastern Daylight Time in the U.S. (EDT).  The presentations will take place in Beijing, China from approximately 7:30 a.m. to noon on June 19, 2012 (China GMT+8 time zone).  Slides and audio from the meeting will be provided through a live webcast via Marriott’s investor relations web site.  The slides contain financial models for the three-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.

This press release contains “forward-looking statements” within the meaning of federal securities laws, including RevPAR and earnings trends; statements concerning the number of lodging properties we expect to add in future years; our expected investment spending and amounts we could return to shareholders; 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 the continuation and pace of the economic recovery; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with governments and officials in countries where we do business, 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 those statements as of June 19, 2012 Beijing Time (June 18, 2012 in the U.S.), 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. 

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