Marriott International, Inc.

News and overview for Marriott International, Inc.

Bogota Marriott Hotel celebrates grand opening
HotelsMag.com | 45 days 22 hours 51 minutes ago
(MENAFN Press) (MENAFN Press) President Alvaro Uribe of Colombia, along with J.W. Marriott Jr., chairman & chief executive officer of Marriott International, Inc. (NYSE: MAR), and Ricardo Poma, president of Grupo Poma, celebrated the grand opening of the 239-room Bogota Marriott Hotel this week in Bogota, Colombia. The hotel is operated under a franchise agreement with Real Hotels & Resorts of El Salvador.


Marriott Execustay Expands Partnership With Mainsail Housing Bethesda, MD
Buyer Interactive | 31 days 21 hours 29 minutes ago
Marriott ExecuStay®, a leader in temporary housing, corporate housing and furnished apartments, is pleased to announce that franchisee Mainsail Housing has expanded its partnership in Florida with the acquisition of the Jacksonville, Orlando and Southern Florida markets.


Marriott to open two more hotels in Russia
American City Business Journals | 34 days 19 hours 16 minutes ago
Marriott International Inc. has signed two more hotel operating agreements in Eastern Europe, bringing the company’s development pipeline in the region to 10 properties due to open through 2012.


Marriott Chairman and CEO Celebrates Grand Re-Opening of Marriott Miami Airport Campus
Hotel News Resource | 45 days 21 hours 21 minutes ago
Collection of Three Marriott International Brands Shows Off $70 Million Makeover


Marriott Reports Third-Quarter Loss on $752 Million Timeshare Expenses
Bloomberg | 45 days 17 hours 41 minutes ago
Oct. 8 (Bloomberg) -- Marriott International Inc., the biggest U.S. hotel chain, reported a third-quarter loss after a $752 million pretax charge for its timeshare business.


Marriott Reports Loss for Third Quarter on $752 Million Timeshare Charge
Bloomberg | 45 days 18 hours 41 minutes ago
Oct. 8 (Bloomberg) -- Marriott International Inc., the biggest U.S. hotel chain, reported a third-quarter loss after a $752 million pretax charge for its timeshare business.


Rio Race for Rooms by Marriott, Starwood Starts for 2016 Olympic Shortage
Bloomberg | 46 days 7 hours 43 minutes ago
Rio Race for Rooms by Marriott, Starwood Starts for 2016...Oct. 8 (Bloomberg) -- Marriott International Inc.InterContinental Hotels...Oct. 8 (Bloomberg) -- Marriott International Inc.InterContinental Hotels...


Marriott Posts Loss, Warns of More Challenges for Hotels
Wall Street Journal, The | 45 days 11 hours 19 minutes ago
Marriott International Inc. cautioned Thursday that investors who are expecting the recession-battered hotel industry to benefit from an economic recovery might have to wait.


Marriott Swings to Loss on Timeshare Write-Downs
Wall Street Journal, The | 46 days 1 hour 36 minutes ago
NEW YORK -- Marriott International Inc. swung to fiscal-third quarter loss amid write-downs of its timeshare business. But the results beat Wall Street's targets and suggest that stabilization in the recession-battered hotel industry is finally gaining traction.


WSJ CEO COUNCIL: Job Creation Key To Economic Policies
Wall Street Journal, The | 5 days 37 minutes ago
(This article was originally published Tuesday.) By Paul Ziobro Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Encouraging sustainable job growth should be at the core of policies to stabilize the U.S. economy and financial markets, a group of chief executives suggested Tuesday at the WSJ CEO Council.


UPDATE: Marriott Swings To 3Q Loss On Timeshare Write-Downs
Wall Street Journal, The | 46 days 2 hours 33 minutes ago
(Updates throughout with analyst comment, background) By A.D. Pruitt Of Dow Jones Newswires NEW YORK (Dow Jones)--Marriott International Inc. (MAR) swung to fiscal-third quarter loss amid write-downs of its timeshare business. But the results beat Wall Street's targets and suggest that stabilization in the recession-battered hotel industry is finally gaining traction.


Marriott posts loss, warns of more challenges for hotels
Wall Street Journal, The | 45 days 18 hours 57 minutes ago
Marriott International Inc. cautioned Thursday that investors who are expecting the recession-battered hotel industry to benefit from an economic recovery might have to wait.The hotel-management company swung to a fiscal third-quarter loss amid write-downs of its time-share business. The results beat Wall Street's targets and suggested that stabilization in the hotel industry might finally be gaining somemodest traction.


Marriott Reports Third-Quarter Loss
Washington Post, The | 45 days 23 hours 41 minutes ago
Bethesda-based Marriott International Inc. on Thursday reported a third-quarter loss due to a significant write-down in its timeshare business.





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Company Overview


Company: Marriott International, Inc.
Industry: Lodging
Website: http://www.marriott.com

Marriott International signs in at the top of the lodging industry. The company is one of the world's leading hoteliers with some 3,000 operated or franchised properties in more than 65 countries. Marriott's hotels include such full-service brands as Renaissance Hotels and its flagship Marriott Hotels & Resorts, as well as select-service and extended-stay brands Courtyard and Fairfield Inn. It also owns the Ritz-Carlton luxury chain and resort and time-share properties operated by Marriott Vacation Club International. Marriott additionally provides more than 2,000 rental units for corporate housing and manages 45 golf courses. The Marriott family, including CEO J. W. Marriott Jr., owns about 30% of the firm.


Key Numbers

Sales in U.S. Dollars (mil.) 12,879 (2008)
One-year % Growth in Sales -0.9 (2008)
Net Income in U.S. Dollars (mil.) 362 (2008)
One-year % Growth in Net Income -48.0 (2008)
Number of Employees 146,000 (2008)
One-year % Growth in Number of Employees -3.3 (2008)
Fiscal Year-End December