Marriott International Reaches Milestone of 1,000 Hotels in APAC Region by 2023
March 30, 2023
Trending News ☀️
Marriott International ($NASDAQ:MAR) has recently achieved a major milestone – the opening of its 1,000th hotel in the Asia-Pacific (APAC) region. This is an unprecedented accomplishment, as it has taken the hospitality giant only a few years to open this many hotels in such a geographically diverse region. The 1,000th hotel is located in Shanghai, China and is part of Marriott’s luxury segment, The Luxury Collection. This hotel opening reflects Marriott’s effort to expand into the APAC region and highlights the company’s commitment to providing world-class experiences to travelers in the region. Marriott’s success in the APAC region is attributed to its stellar customer service, innovative technology, and high-quality amenities.
The company has been able to create a name for itself in the region due to its focus on customer satisfaction, which is evident through its various initiatives like its loyalty program, Marriott Bonvoy. Marriott International’s achievement of 1,000 hotels in the APAC region is a testament to its ability to provide exceptional customer experiences. With its commitment to innovation and high-quality services, Marriott is well-positioned to continue its success in the Asia-Pacific region for many years to come.
On Monday, the stock of Marriott International opened at $158.2 and closed at $156.6, signifying a significant milestone for the company. This ambitious plan builds on the company’s existing presence in the region, which accounts for nearly a third of Marriott’s global portfolio. The goal is to accelerate Marriott’s growth in the region and further boost its global footprint. Marriott International has long had a commitment to providing travelers with unique and distinctive experiences in their hotel stays.
The planned hotels will be spread across China, India, Australia and New Zealand, as well as other countries in the region. With a focus on both luxury and budget properties, Marriott International plans to offer guests a range of options regardless of their budget. With its target of 1,000 hotels in the region by 2023, the company is well on its way to becoming a powerhouse in the hospitality industry. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Marriott International. More…
|Total Revenues||Net Income||Net Margin|
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marriott International. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marriott International. More…
|Total Assets||Total Liabilities||Book Value Per Share|
Key Ratios Snapshot
Some of the financial key ratios for Marriott International are shown below. More…
|3Y Rev Growth||3Y Operating Profit Growth||Operating Margin|
If you are considering investing in MARRIOTT INTERNATIONAL, GoodWhale can help you assess the financial risk associated with this stock. Our Risk Rating for MARRIOTT INTERNATIONAL is medium, based on our analysis of its financial and business information. We have also detected two risk warnings in the income statement and balance sheet of the company. To gain full access to our analysis and risk warnings, register with us. More…
Hotel companies Marriott International Inc and its competitors Choice Hotels International Inc, Hilton Worldwide Holdings Inc, Wyndham Hotels & Resorts Inc, are all vying for a piece of the global hotel market. All four companies have a presence in major cities and tourist destinations around the world. Marriott is the largest of the four, with over 6,700 properties in 130 countries and territories. Hilton is the second largest, with over 5,800 properties in 113 countries and territories. Wyndham is the third largest, with over 9,000 properties in 80 countries. Choice Hotels is the smallest of the four, with over 6,400 properties in 40 countries.
– Choice Hotels International Inc ($NYSE:CHH)
Hotels International Inc is a hospitality company that owns, operates, and franchises hotels and motels. The company has a market cap of 6.88B as of 2022 and a Return on Equity of 87.46%. The company’s hotel brands include Comfort Inn, Comfort Suites, Quality Inn, Sleep Inn, Clarion, Cambria hotel & suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, Rodeway Inn, and Vacation Rentals by Choice Hotels.
– Hilton Worldwide Holdings Inc ($NYSE:HLT)
Hilton Worldwide Holdings Inc is a hotel and casino company. As of 2022, it has a market cap of 35.3B and a ROE of -148.2%. The company has over 5,000 properties in 105 countries and is the largest hotel company in the world.
– Wyndham Hotels & Resorts Inc ($NYSE:WH)
Wyndham Hotels & Resorts Inc is one of the largest hotel chains in the world. It has over 8,000 hotels across more than 80 countries. The company has a market cap of 6.29B as of 2022 and a ROE of 30.65%. Wyndham Hotels & Resorts is known for its high quality accommodations and excellent customer service.
Marriott International has announced its goal to open 1,000 hotels in the Asia Pacific region by 2023. This is an ambitious target that demonstrates the company’s confidence in the potential of the APAC market. By investing in new properties in the region, Marriott is hoping to capitalize on the expanding hospitality industry and strengthen its position as a leader in global travel. With this target, investors can anticipate strong growth in Marriott’s APAC portfolio, as well as increased profits for shareholders.
Leave a Comment