Marriott International

Marriott International (Nasdaq: MAR) is a leading global hospitality company headquartered in Bethesda, Maryland, US. The company was founded in 1927 by J. Willard and Alice Marriott, beginning as a root beer stand before opening its first hotel in 1957. Today, Marriott International encompasses a portfolio of nearly 8,800 properties across more than 30 leading brands spanning 139 countries and territories.

Marriott's diverse brand portfolio includes:

• Luxury brands: St. Regis, Ritz-Carlton, W Hotels, JW Marriott, Edition, The Luxury Collection

• Premium brands: Marriott, Sheraton, Westin, Renaissance, Le Méridien, Autograph Collection

• Select brands: Courtyard, Four Points, SpringHill Suites, Fairfield Inn & Suites, Residence Inn

• Extended stay brands: Element, TownePlace Suites

The company operates through a franchise and management model, with the majority of hotels owned by third-party property owners. Marriott's global development pipeline totaled nearly 3,400 properties with approximately 573,000 rooms as of the end of 2023, including over 232,000 rooms under construction.

Marriott Bonvoy, the company's award-winning travel program, has 196 million members globally. The program allows members to earn and redeem points across Marriott's extensive brand portfolio. In 2023, Marriott expanded its co-branded credit card offerings to 31 cards across 11 countries.