Airbnb and Hotels’ Impending Fight Over Customers
Today's edition of Skift's daily podcast looks closer at Airbnb and hotels competing, Marriott’s investor day, and Japan Airlines’ new premium offerings.
Marriott International News
The journey of the largest hotel chain in the world, Marriott International, Inc. – now with more than seven thousand hotel, residential, and timeshare properties – began with a root-beer stand in Washington, D.C. in 1927 started by J. Willard and Alice S. Marriott. Following its $13.3 billion acquisition of Starwood Hotels & Resorts in 2016, it became the largest global hotel company. It currently commands a mammoth portfolio of more than two dozen hotel brands such as JW Marriott Hotels, The Ritz-Carlton, The Luxury Collection, Delta Hotels, Marriott Vacation Club, Le Méridien, Sheraton Hotels and Resorts, Courtyard, Fairfield, and W Hotels. Its properties contain nearly a million and a half rooms worldwide. Through its premier loyalty program Bonvoy, it is engaged in partnerships with the likes of United Airlines, Uber, American Express, Hertz, and others to optimize customer engagement.
Marriott’s Investor Day: 5 Top Slides From the Hotel Giant’s Presentation
Marriott recently held a four-hour event for investors that included 144 slides. Here are 5 of the most eye-catching ones.
For Daily Lodging Report Subscribers
Puerto Vallarta Will Get an All-Inclusive by Marriott Bonvoy
The Marriott Puerto Vallarta Resort & Spa will undergo a transformational capital improvement plan to convert the property into All-Inclusive by Marriott Bonvoy.
Marriott Unveils Four Points Express by Sheraton Brand in Europe and Turkey
Marriott International on Wednesday debuted Four Points Express by Sheraton, a midscale hotel brand aimed at Europe, the Middle East, and Africa.
For Daily Lodging Report Subscribers
Marriott Lays Out Three-Year Growth Plans
Marriott International outlined three-year growth plans at their Analyst Day. The company reiterated its 2023 outlook given in August and introduced two-year compounded annual growth rates from 2023 to 2025 for certain key performance metrics
Saudi Arabia’s Ski Retreat Mountain Gets Two Marriott Hotels
Marriott International is the latest operator to show confidence in Trojena, an upcoming development where Saudi Arabia says it will be able to host winter sports and open top ski chalets.
Marriott to Hold First Investor Day Since 2019: What to Expect From the Hotel Giant
What we most hope to hear from Marriott is about a possible new brand to debut in Europe later this year. But we also care about a few key metrics that investment analysts will watch closely.
Marriott to Install More Electric Vehicle Chargers at its Hotels
Marriott International said it was streamlining its ongoing process of installing charging infrastructure for electric vehicles at its properties by signing a deal with the vendor EV Connect as its…
For Daily Lodging Report Subscribers
B of A Securities Increases Target Price on Marriott
B of A Securities upped their target price on Marriott to $225 from $215. They maintained their Buy rating.
Dubai to Surpass Las Vegas in Number of Hotel Rooms
Dubai shows no signs of slowing down when it comes to building new hotels. Even if the emirate runs out of prime plots along the beach, it can simply resurrect man-made projects previously brought down in the '08 financial crash.