Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential and timeshare properties. It is headquartered in Bethesda, Maryland.
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Marriott International, Inc.(NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,300 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world.
Franchise Description: Marriott International, Inc. is the franchisor. The franchisor is a worldwide operator and franchisor of hotels and related lodging facilities. Marriott hotels are full-service hotels that cater to business and leisure travelers.
Marriott International became a publicly traded company in 1953. Historical information on Marriott stock as well as dividend and spin-off information can be found here.
1927 as The Hot Shoppe in Washington, D.C., U.S. Bethesda, Maryland, U.S. Marriott Corporation's first international property was opened in Acapulco, Mexico, in 1969. Hot Shoppes became Marriott Corporation in 1967, which subsequently split into Marriott International, Inc.
The franchisor is a worldwide operator and franchisor of hotels and related lodging facilities. Marriott hotels are full-service hotels that cater to business and leisure travelers. The hotels range in size from approximately 100 to 2,000 guestrooms.
About The CompanyMarriott International is a global lodging company based in Bethesda, Maryland with more than 8,500 properties in 138 countries and territories.
The majority (70%) are franchised locationsThe largest portion of Marriott Hotel franchises, approximately 70%, are franchised locations. Franchisees are independent business owners who operate under the Marriott brand and benefit from its established reputation and resources.
Marriott gross profit for the twelve months ending June 30, 2023 was $5.125B, a 35.58% increase year-over-year. Marriott annual gross profit for 2022 was $4.558B, a 62.73% increase from 2021. Marriott annual gross profit for 2021 was $2.801B, a 91.98% increase from 2020.
Our core values make us who we are. As we change and grow, the beliefs that are most important to us stay the same—putting people first, pursuing excellence, embracing change, acting with integrity and serving our world. Being part of Marriott International means being part of a proud history and a thriving culture.