About the Company
Marriott International Inc. is a multinational hospitality company that is engaged in the provision of lodging facilities. It is the largest hotel chain in the world in terms of the number of rooms available. Marriott operates over 7,000 hotels and residential properties in more than 130 countries worldwide.
Its extensive portfolio of hotels consists of over 1 million guestrooms and includes the lavish Renaissance and Delta Hotels brands. Moreover, its portfolio also includes the flagship Marriott Hotels and Resorts. Marriott International, Inc. shares are traded on NASDAQ under the ticker symbol "MAR". The operations of MAR are divided into 3 categories: The Asia Pacific, North American Full Service, and North American Limited-Service. The second segment generates the majority of Marriott's revenue as it consists of the premium brands, such as W Hotels and JW Marriott.
MAR was the first-ever hotel company to allow its guests to book reservations online. It was incorporated in 1993 after the Marriott Corporation split into Marriott International and Host Marriott Corporation. Marriott's most renowned subsidiaries include Westin Hotels and Resorts, Starwood, Sheraton Hotels and Resorts, Aloft Hotels and St Regis Hotels. MAR operates more than 25 brands internationally.
In 1995, it invested in 49% interest in the Ritz-Carlton Hotel Company, LLC. Besides offering hotel rooms, Marriott is also competing with Airbnb as it has expanded its operations and entered the home rental market. It provides premium home rentals in over 100 locations in countries like Europe, America and Latin America. Its home rental portfolio comprises nearly 2,000 unique accommodations, including 18th Century Irish Castle, spacious four-bedroom cottages and more.
In 2015, MAR acquired Delta Hotels, which was operating over 35 hotels in Canada. After the acquisition, it expanded its operation in the USA and various countries located in Europe and Asia. In 2016, MAR completed its largest acquisition when it acquired Starwood Resorts and Resorts Worldwide for approximately $13.6 billion. A year later, it made its largest sale public, when it sold Avendra LLC for an estimated $1.4 billion. In the same year, it acquired Elegant Hotels Group for approximately $128 million in cash and refinanced Elegant's outstanding debt worth $63 million. Forbes included Marriott International in the list of the largest leisure companies in 2016. Four years later, Working Mother Media included Marriott in the list of the Top 75 companies for women executives. Moreover, in 2020, MAR ranked 157th on the list of Fortune 500 companies.;
Organisation | Marriott International Inc |
Industry | Lodging |
HeadQuarters | Bethesda, MD |