1

Marriott International

Marriott International is a hospitality company that manages and franchises a broad portfolio of hotels and related lodging facilities.

Categories

Retail and Consumer Goods  

#271

Rank

$69.39B

Marketcap

US United States

Country

Marriott International
Leadership team

Bill Marriott (Executive Chairman and Chairman of The Board)

Alice Marriott (Founder)

Industries

Retail and Consumer Goods

Products/ Services
Hotels, Resorts
Number of Employees
Above 50,000
Headquarters
Bethesda, Maryland, U.S.
Established
1927
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001048286
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
MAR
Social Media
Overview
Location
Summary

Marriott International, Inc. is a leading global lodging company that operates, franchises, and licenses a diverse portfolio of hotels, resorts, residential, timeshare, and other lodging properties worldwide. The company operates through two segments: U.S. and Canada, and International. Marriott International's properties are known for their luxurious amenities and personalized services that cater to the needs of both leisure and business travellers.

The company operates hotels and resorts under numerous brand names, including luxury brands such as JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, EDITION, and Bvlgari, as well as popular brands like Renaissance, Le Méridien, Marriott, Sheraton, Westin, Four Points, Delta Hotels by Marriott, Autograph Collection, Tribute Portfolio, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, Design Hotels, Courtyard, Residence Inn, Fairfield, SpringHill Suites, TownePlace Suites, Protea Hotels, Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.

Marriott International operates properties under 30 brand names in 138 countries and territories worldwide, making it one of the largest and most diverse lodging companies in the world. The company's brands cater to a wide range of travelers, from luxury seekers to budget-conscious travelers. Marriott International is committed to providing high-quality hospitality experiences, and it constantly innovates to stay ahead of industry trends and evolving customer preferences.

Founded in 1927 and headquartered in Bethesda, Maryland, Marriott International has a long history of excellence in the hospitality industry. The company's mission is to create memorable experiences for its guests, while providing outstanding value and delivering long-term profitability for its shareholders. Marriott International is a leader in sustainability and social responsibility, and it strives to make a positive impact on the communities in which it operates.


History

Marriott International's history dates back to 1927 when it was founded by J. Willard Marriott and his wife, Alice S. Marriott. It started as a nine-stool root beer stands in Washington D.C. Over the next two decades, Marriott expanded into the airline catering business, opening new restaurants and motorway hotels along the way.

In the 1950s and 60s, Marriott began its journey into the hotel industry, opening its first hotel in Arlington, Virginia, which was known as the Twin Bridges Marriott Motor Hotel. In the 1970s, Marriott went international, opening its first hotel outside the United States in Acapulco, Mexico. The company continued to grow, building new hotels and acquiring existing ones. In 1987, Marriott acquired a 49% interest in the Ritz-Carlton Hotel Company, and in 1995, it acquired the remaining interest in the company.

Throughout the 1990s, Marriott continued to expand its brand, acquiring hotel chains such as Courtyard by Marriott, SpringHill Suites by Marriott, and Fairfield Inn & Suites. In 2002, Marriott International became the first lodging company to offer online booking, a move that transformed the industry. Marriott continued to innovate, introducing new brands and amenities to meet the evolving needs of its customers.

In 2016, Marriott International completed its acquisition of Starwood Hotels & Resorts, making it the largest hotel company in the world. Today, Marriott International operates over 30 hotel brands, including Ritz-Carlton, St. Regis, W Hotels, Westin, Courtyard, and Sheraton, and has more than 6,900 properties in 131 countries. With a focus on innovation and customer service, Marriott International continues to be a leader in the hospitality industry.


Mission

Marriott's mission statement is centred around delivering exceptional hospitality services that help their guests pursue their passions and reach their full potential. The company aims to be the world's favorite travel company by offering personalized experiences, innovative services, and seamless operations. They focus on creating a welcoming and inclusive environment for their guests, employees, and partners alike. 

To achieve this mission, Marriott has implemented various initiatives, such as sustainability efforts, community outreach programs, and employee training and development. They strive to uphold their core values of putting people first, pursuing excellence, acting with integrity, embracing change, and serving the world. Through these efforts, Marriott seeks to enhance the overall travel experience for their guests and set a high standard for the hospitality industry.


Vision

Marriott's vision is to be the most admired and respected hospitality company in the world, and it has been striving towards this goal by delivering exceptional customer service, driving innovation, and promoting sustainability. The company aims to create memorable experiences for its guests by providing them with comfortable and luxurious accommodations, exceptional dining experiences, and personalized services that cater to their needs and preferences. Marriott also focuses on creating a positive impact on the communities it operates in by implementing sustainable practices and supporting local initiatives. 

The company's vision is supported by its core values of putting people first, pursuing excellence, embracing change, acting with integrity, and serving our world. Through its commitment to these values and its vision for the future, Marriott continues to set the standard for excellence in the hospitality industry.


Key Team

Deborah Harrison (Global Design Officer)

Debra Lee (Board Member)

Frederick Henderson (Board Member)

Jim Scholefield (Chief Information & Digital Officer)

Kathleen Oberg (Leeny) (Chief Financial Officer and Executive Vice President)

Stephanie Linnartz (President)

Tricia Primrose (Executive Vice President, Global Chief Communications and Public Affairs Officer)

Ben Keith (Chief Engineer)

Brian King (President)


Recognition and Awards
Marriott International offers a variety of rewards and recognition programs, from its Marriott Rewards® program, to other opportunities like cash bonuses and gift cards.

Products and Services

Marriott International offers a wide range of products and services in the hospitality industry, including hotels, resorts, and other lodging properties. The company operates under various brand names, including JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, EDITION, Bvlgari, Renaissance, Le Méridien, Marriott, Sheraton, Westin, Four Points, Delta Hotels by Marriott, Autograph Collection, Tribute Portfolio, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, Design Hotels, Courtyard, Residence Inn, Fairfield, SpringHill Suites, TownePlace Suites, Protea Hotels, Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.

Each brand provides unique experiences and services to cater to different market segments, from luxury to budget-conscious travelers. Marriott properties offer a variety of amenities, including spas, fitness centres, restaurants, bars, meeting and event spaces, and more. The company also provides loyalty programs for frequent travelers, such as Marriott Bonvoy, which offers exclusive benefits and rewards for members.

In addition to its lodging properties, Marriott also offers vacation ownership properties through its Marriott Vacation Club and its Ritz-Carlton Destination Club brands. These properties provide customers with a way to own a piece of vacation real estate and enjoy exclusive benefits and experiences.

Marriott also offers event planning and management services for meetings, conferences, and special events through its Marriott Bonvoy Events program. The company's extensive network of properties allows for flexible and customizable event spaces and services.


References
Marriott International
Leadership team

Bill Marriott (Executive Chairman and Chairman of The Board)

Alice Marriott (Founder)

Industries

Retail and Consumer Goods

Products/ Services
Hotels, Resorts
Number of Employees
Above 50,000
Headquarters
Bethesda, Maryland, U.S.
Established
1927
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001048286
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
MAR
Social Media

Related Companies

Related Companies