marriott international
Marriott International Reports Third Quarter 2024 Results
Marriott International | November 4, 2024
Third quarter 2024 comparable systemwide constant dollar RevPAR increased 3.0 percent worldwide, 2.1 percent in the U.S. & Canada, and 5.4 percent in international markets, compared to the 2023 third quarter; Third quarter reported diluted EPS totaled $2.07, compared to reported diluted EPS of $2.51 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $2.26, compared to third quarter 2023 adjusted diluted EPS of $2.11; Third quarter reported net income totaled $584 million, compared to reported net income of $752 million in the year-ago quarter. Third quarter adjusted net income totaled $638 m...
St. Regis Hotels & Resorts Celebrates the Milestone Opening of Its 60th Property, the St. Regis on the Bund, Shanghai
THE ST. REGIS ON THE BUND, SHANGHAI | October 22, 2024
Today St. Regis Hotels & Resorts announced the highly anticipated opening of The St. Regis on the Bund, Shanghai. Unveiled as the brand’s 60th property globally and the second in Shanghai, the hotel marks a significant milestone that underscores the distinct legacy of one of the world’s most storied luxury brands. Owned by Pacific Eagle Real Estate, the hotel offers guests a fresh perspective on signature rituals, St. Regis Butler Service, and refined dining in one of Shanghai’s most historic areas. “The opening of The St. Regis on the Bund, Shanghai marks a pivotal moment in the brand’s expansion, as we celebrate the debut...
Marriott International and MGM Resorts International Partner to Convert Iconic Las Vegas Strip Property to W Hotels Brand
Marriott International, Inc. | October 21, 2024
Marriott International, Inc. and MGM Resorts International announced plans to convert an iconic property on the Las Vegas Strip to the W Hotels brand within the Marriott Bonvoy® portfolio, continuing the brand’s storied evolution. Anticipated to complete its conversion later this year, W Las Vegas marks the latest step in the companies’ long-term strategic licensing agreement announced in July 2023. “Our relationship with Marriott has far exceeded our expectations, demonstrating the power of its brand portfolio and the strength of their distribution channels,” said Steve Zanella, President of MGM Resorts Operations. “W Las Veg...
Marriott International, FibraHotel, Fibra Danhos and Beyond Ventures To Bring The Ritz-Carlton Brand Back to Cancun
THE RITZ-CARLTON HOTEL COMPANY, LLC | October 10, 2024
Anticipated to open in 2027, The Ritz-Carlton, Cancun, Punta Nizuc, will feature a world-class oceanfront resort and ultra-luxury residential condominiums, developed through an unprecedented collaboration between three of Mexico’s most experienced real estate developers. Marriott International, Inc. announced an agreement with FibraHotel (BMV: FIHO12), Fibra Danhos (BMV: DANHOS13) and Beyond Ventures to bring The Ritz-Carlton, Cancun, Punta Nizuc to the area. The property is slated to include a 131-key luxury hotel, developed and owned through a joint venture between FibraHotel and Fibra Danhos, along with 126 branded residences in a LEE...
Marriott International Resolves State Attorneys General and Federal Trade Commission Investigations into 2018 Starwood Database Security Incident
MARRIOTT INTERNATIONAL, INC. | October 10, 2024
Marriott International, Inc. (NASDAQ: MAR, “Marriott”) has reached final resolutions with the Federal Trade Commission (FTC) and 49 U.S. State Attorneys General and the District of Columbia in relation to the 2018 Starwood Hotels and Resorts Worldwide guest reservations database security incident. The resolution with the State Attorneys General includes an agreement to pay $52 million. As indicated in the agreements with the FTC and the State Attorneys General, Marriott makes no admission of liability with respect to the underlying allegations. As part of the resolutions with the FTC and the State Attorneys General, Marriott will cont...
Protea Hotels by Marriott Expands Footprint in Africa With New Openings in Nigeria and Zambia
Protea Hotels by Marriott | October 8, 2024
CAPE TOWN, South Africa, October 8, 2024 -- Protea Hotels by Marriott (www.Marriott.com), part of Marriott Bonvoy’s global portfolio of over 30 brands, today announced the opening of two new hotels in Africa: Protea by Marriott Delta in Nigeria and Protea by Marriott Lusaka International Airport in Zambia. These new additions highlight Protea Hotels by Marriott's ongoing expansion on the continent, offering both business and leisure travellers contemporary comfort coupled with authentic local charm. “We are excited to expand our footprint in Africa with the opening of these two exceptional properties,” said Sandra Schulze-Potgieter, Vi...
Zleep Hotels in Denmark Signs Agreement With Marriott International to Rebrand Its Properties to Four Points by Sheraton
Core Hospitality | October 8, 2024
Zleep Hotels, the Danish design hotel brand, is set to rebrand to Four Points Flex by Sheraton. October 8, 2024 - After founding and developing the Zleep Hotels brand, CEO Peter Haaber has entered an agreement with Marriott International through his hotel management company, Core Hospitality, to rebrand its 14 Zleep Hotels properties in Denmark to the Four Points Flex by Sheraton brand. The majority of the hotels are expected to be fully rebranded in December of this year, with the rest following in early 2025. Four Points Flex by Sheraton offers value-conscious consumers a hotel experience in convenient locations, with principles of reli...
Marriott International Announces Expansion of the City Express by Marriott Brand Into the United States & Canada
Marriott International, Inc. | October 8, 2024
Today, Marriott International, Inc. (Nasdaq: MAR, “Marriott”) announced the expansion of the City Express by Marriott brand into the United States & Canada, marking the company’s entry into the affordable midscale transient segment in the region. Previously referred to as Project Mid-T by Marriott, this brand expansion is part of the company’s continued focus on strengthening its presence in the affordable midscale segment and offering regionally relevant lodging options for every trip purpose and every price point. “Since entering the affordable midscale space with the acquisition of City Express in the Ca...
