MARRIOTT INTL INC NEW shareholders Q2 2024

About MARRIOTT INTL INC NEW

Marriott International Inc New is a leading global hospitality company that operates and franchises a broad portfolio of hotels and related lodging facilities. The company has a strong presence in the luxury and premium segments of the market, with brands such as Ritz-Carlton, St. Regis, and W Hotels.

Marriott has been able to maintain its position as a market leader by focusing on innovation and customer service. The company has invested heavily in technology to enhance the guest experience, with initiatives such as mobile check-in and keyless room entry. Marriott has also been expanding its loyalty program, Marriott Bonvoy, which has over 147 million members worldwide.

Despite the challenges posed by the COVID-19 pandemic, Marriott has been able to adapt and continue to grow. The company has implemented new health and safety protocols to ensure the well-being of guests and employees, and has also launched new initiatives such as Work Anywhere with Marriott Bonvoy, which allows guests to book day-use rooms for remote work or study.

Marriott's financial performance has been impacted by the pandemic, with revenue down significantly in 2020. However, the company has taken steps to reduce costs and improve liquidity, including furloughs and layoffs, and has also raised capital through debt offerings.

Overall, Marriott International Inc New remains a strong player in the hospitality industry, with a well-established brand portfolio and a commitment to innovation and customer service. As the world begins to recover from the pandemic, Marriott is well-positioned to capitalize on the rebound in travel and tourism.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.