Marriott International Market Research Report
Company Overview
Name, Mission of the Company
Marriott International, Inc.
Mission: Marriott International is committed to delivering extraordinary experiences for guests through its powerful portfolio of 30+ brands and nearly 8,900 properties worldwide.
When was the Company Founded and by Whom
Founded: 1927
Founders: J. Willard and Alice Marriott
Key People in the Company
- President and CEO: Anthony Capuano
- Chairman of the Board: David Marriott
Where is the Company Headquartered
Headquarters: Bethesda, Maryland, USA
Number of Employees
No information is available
Revenue of the Company
No information is available
What is the Company Known For
Marriott International is known for its expansive portfolio in the hospitality industry, including luxury, premium, and select brands, as well as longer-stay options.
Products
What Products Do They Offer
Marriott International offers hotel accommodations, vacation packages, meetings & events services, and a loyalty program.
High Level Description of the Product & Key Features
Hotel Accommodations
- Luxury: The Ritz-Carlton, St. Regis, W Hotels, and JW Marriott offer premium services and amenities.
- Premium: Marriott Hotels, Sheraton, Westin, Le Meridien, and Delta Hotels provide high-end comfort.
- Select: Courtyard, Four Points, Fairfield, and Residence Inn ensure quality and affordability.
- Longer Stays: TownePlace Suites, Element, and Marriott Executive Apartments cater to extended stays.
Marriott Bonvoy (Loyalty Program)
- Exclusive Rates: Members get access to special rates.
- Earn Points: Points can be redeemed for free nights, flights, and more.
- Member Benefits: Free Wi-Fi, mobile check-in, and other travel conveniences.
Recent Developments
What are the Recent Developments in the Company
1. August 29, 2024: Marriott International and Grupo Fametro sign an agreement to bring the Tribute Portfolio brand to Manaus, Amazonas.
2. August 28, 2024: Marriott International named in the top 5 of 2024 PEOPLE® Companies that Care List.
3. August 19, 2024: Announced a long-term licensing agreement with Sonder, expected to add over 10,500 rooms to Marriott’s portfolio.
What are the New Products Launched
No information is available
What are the New Features Added to the Existing Products
No information is available
Any New Partnerships, etc.
1. August 29, 2024: Partnership with Grupo Fametro to expand the Tribute Portfolio brand.
2. August 27, 2024: Marriott Bonvoy gears up to celebrate the first-ever regular season NFL game in Brazil, in partnership with Courtyard by Marriott.
3. August 19, 2024: Licensing agreement with Sonder to further expand room offerings.
