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Is the Ritz Carlton Part of the Marriott Family

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American multinational hospitality company

Marriott International, Inc.
Type Public company

Traded as
  • Nasdaq: MAR (Class A)
  • NASDAQ-100 component
  • Due south&P 500 component
Industry Hospitality industry
Predecessor Marriott Corporation Edit this on Wikidata
Founded March 5, 1927; 94 years agone  (1927-03-05) in Washington, D.C., U.Due south.
Founders J. Willard Marriott
Alice Marriott
Headquarters Bethesda, Maryland, U.Due south.

Number of locations

 8,484

Area served

 Worldwide

Key people

 Bill Marriott
(Executive Chairman)
Stephanie Linnartz
(President)
Anthony Capuano
(CEO)
Products
  • Hotels
  • Resorts
Revenue Decrease United states of america$x.571 billion (2020)

Net income

 Decrease US$-267 million (2020)
Full assets Decrease US$24.701 billion (2020)
Total equity Decrease US$430 million (2020)

Number of employees

 121,000 (2020)
Subsidiaries
  • Marriott Hotels & Resorts
  • The Ritz-Carlton Hotel Company
  • Le Méridien
  • Sheraton Hotels and Resorts
Website marriott.com
Footnotes / references
[i] [2]

Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties.[1] It is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott and his wife Alice Marriott.

Profile [edit]

Marriott is the largest hotel chain in the earth past the number of available rooms. Information technology has 30 brands with seven,642 properties containing 1,423,044 rooms in 131 countries and territories.[1] Of these vii,642 properties, two,149 are operated by Marriott, and 5,493 are operated by others pursuant to franchise agreements.[ane] The company also operates 20 hotel reservation centers.[1]

Marriott International, Inc. was formed in 1993 when Marriott Corporation split into two companies: Marriott International, Inc., which franchises and manages backdrop, and Host Marriott Corporation (now Host Hotels & Resorts), which owns properties.[3]

Since the founders were Mormon missionaries, copies of the Book of Mormon are provided in hotel rooms in addition to the Bible.[iv]

History [edit]

The Primal Bridge Marriott is the company's longest-operating hotel.

Founding and early years [edit]

Marriott Corporation was founded past John Willard Marriott in 1927 when he and his married woman, Alice Marriott, opened a root beer stand in Washington, D.C.[5] As Mormon missionaries in the boiling summers in Washington, D.C., the Marriotts were convinced that what residents of the city needed was a identify to go a cool beverage.[6] The Marriotts later expanded their enterprise into a chain of Hot Shoppes restaurants.[7] In 1953, Hot Shoppes, Inc. became a public visitor via an initial public offering.[8]

The company opened its first hotel, the Twin Bridges Motor Hotel, in Arlington, Virginia, on January 16, 1957.[ix] [x] Information technology cost $9 per night, plus an actress $1 for every person that was in the car.[eleven] Its 2d hotel, the Key Bridge Marriott in Rosslyn, Arlington, Virginia, was opened in 1959 and is Marriott International'due south longest continuously operating hotel.[12] [xiii] [14] [15]

Hot Shoppes, Inc. was renamed the Marriott Corporation in 1967.[xvi]

In 1976, the company opened 2 theme parks: California'due south Neat America and 6 Flags Great America.[17]

Marriott International [edit]

Marriott International, Inc. was formed in 1993 when Marriott Corporation split into 2 companies: Marriott International, Inc., which franchises and manages backdrop, and Host Marriott Corporation (at present Host Hotels & Resorts), which owns properties.[iii]

In 1995, Marriott was the first hotel company to offer online reservations.[18]

In April 1995, Marriott acquired a 49% interest in The Ritz-Carlton Hotel Company.[19] Marriott believed that it could increase sales and profit margins for The Ritz-Carlton, a troubled chain with many properties either losing money or barely breaking even. The cost to Marriott was estimated to have been virtually $200million in greenbacks and causeless debt. The next twelvemonth, Marriott spent $331million to acquire The Ritz-Carlton, Atlanta, and buy a majority involvement in 2 backdrop endemic past William Johnson, a real estate programmer who had purchased The Ritz-Carlton, Boston in 1983 and expanded his Ritz-Carlton holdings over the next twenty years. Ritz-Carlton expanded into the timeshare market. Ritz Carlton benefited from Marriott's reservation system and buying power. In 1998, Marriott caused bulk ownership of The Ritz-Carlton.[20]

In 1997, the company acquired the Renaissance Hotels and Ramada brands from Chow Tai Fook Group and its associate visitor, New World Evolution.[21] [22] Marriott International also signed an understanding to manage hotels endemic by New World Evolution.[23]

In 2001, the Marriott World Merchandise Center was destroyed during the September 11 attacks.

In 2003, the company completed the corporate spin-off of its senior living properties (now part of Sunrise Senior Living) and Marriott Distribution Services.[24]

In 2004, the company sold its right to the Ramada brand to Cendant, caused in 1997.[25]

In 2005, Marriott International and Marriott Holiday Club International were two of the 53 entities that contributed the maximum of $250,000 to the Second inauguration of George Westward. Bush-league.[26] [27] [28]

On July 19, 2006, Marriott implemented a smoking ban in all buildings information technology operated in the U.s. and Canada effective September 2006.[29] [30] [31]

In 2007, Marriott became the start hotel chain to serve nutrient that is completely free of trans fats at all of its North American properties.[32] [33]

Hotels franchised or operated by the company were affected by the 2003 Marriott Hotel bombing, the Islamabad Marriott Hotel bombing in 2008, and the 2009 Jakarta bombings.

On November 11, 2010, Marriott appear plans to add over 600 hotel properties by 2015, primarily in emerging markets: Republic of india, where it planned to have 100 hotel properties, China, and Southeast Asia.[34]

On January 21, 2011, Marriott said that adult movies would not exist included in the entertainment offered at new hotels, which would employ an Internet-based video on demand system.[35] [36]

Effective March 31, 2012, Bill Marriott causeless the role of executive chairman of the company and relinquished the role of chief executive officer to Arne Sorenson.[37] [38] [39]

In 2011, Manus Romney received $260,390 in director'due south fees from Marriott International,[twoscore] despite the fact that he had already stepped downwardly from the lath of directors to run for President of the United States.[41] His released 2010 revenue enhancement returns showed earnings in 2010 of $113,881 in manager's fees from Marriott.[42] In February 2012, Bloomberg News reported on Romney's years overseeing revenue enhancement matters for Marriott, which had included several "scams" (quoting John McCain) and legal actions brought confronting Marriott, which Marriott lost in courtroom, over its manipulations of the U.S. Tax Code.[43] [44]

In December 2012, Guinness World Records recognized the JW Marriott Marquis Dubai, a five star hotel, every bit the tallest hotel in the world.[45]

On October 3, 2014, the Federal Communications Commission (FCC) fined Marriott $600,000 for unlawful use of a "containment" feature of a Wi-Fi monitoring arrangement to deliberately interfere with client-owned networks in the convention space of its Gaylord Opryland Resort & Convention Center in Nashville. The scheme disrupted operation of clients' mobile phone hotspots via Wi-Fi deauthentication attacks.[46] Marriott International, Inc., the American Hotel and Lodging Clan and Ryman Hospitality Backdrop responded by unsuccessfully petitioning the FCC to change the rules to allow them to continue jamming client-owned networks, a position which they were forced to abandon in early 2015 in response to backfire from clients, mainstream media, major applied science companies, and mobile carriers.[47] [48] The incident drew unfavorable publicity to Marriott's practice of charging exorbitant fees for Wi-Fi.[49] [50]

On April one, 2015, Marriott acquired Canadian hotel chain Delta Hotels, which operated 38 hotels at that time.[51] [52]

On November xvi, 2015, Marriott announced the conquering of Starwood for $13billion.[53] A higher offering for Starwood at $fourteenbillion from a consortium led by Prc'south Anbang Insurance Group was announced March 3, 2016.[54] [55] [56] Subsequently Marriott raised its bid to $13.6billion on March 21, Starwood terminated the Anbang agreement and proceeded with the merger with Marriott.[57] Following receipt of regulatory approvals, Marriott closed the merger with Starwood on September 23, 2016, creating the earth'southward largest hotel company with over 5700 properties, 1.imillion rooms, and a portfolio of 30 brands.[58] The Starwood acquisition gave Marriott a larger not-US presence; approximately 75% of Starwood'southward revenues were from non-Us markets.[59] [60]

On November 30, 2018, Marriott disclosed that the onetime Starwood brands had been subject to a data breach. After the disclosure, Attorney General of New York Barbara Underwood announced an investigation into the data alienation.[61] [62] The cyberattack was found to be a function of a Chinese intelligence-gathering attempt that also hacked health insurers and the security clearance files of millions more Americans. The hackers are suspected of working on behalf of the Ministry of Land Security, the land'due south Communist-controlled civilian spy agency.[63] [64] [65] Initially, Marriott said that 500 million customers' personal information had been exposed.[66] In January 2019, the company updated the number of guests afflicted to "less than 383 million" customers, and claimed many of the client'southward payment cards had expired.[67]

In December 2019, the visitor acquired Elegant Hotels, operator of seven hotels in Barbados.[68]

In Feb 2020, the visitor discovered a information breach that included the theft of contact information for 5.ii million customers.[69]

In Apr 2020, during the COVID-19 pandemic, the visitor instituted boosted cleanliness standards, including requiring the utilise of electrostatic sprayers with disinfectant, adding disinfecting wipes in all hotel rooms, and removing or re-arranging furniture in public areas to allow more infinite for social distancing.[70] During the pandemic, global occupancy barbarous as low as 31%.[71]

President and CEO Arne Sorenson died on February 15, 2021, from pancreatic cancer.[72] On February 23, 2021, Anthony Capuano was appointed to fill Sorensen'due south vacancy as CEO and Director, having previously served as Marriott's group president of global development, design and operations.[73]

In November 2021, the visitor was criticized for refusing to host the World Uyghur Congress at one of its properties in Prague, citing reasons of "political neutrality."[74]

Senior leadership [edit]

  • Executive Chairman: Bill Marriott (since 1985)
  • Chief Executive: Anthony Capuano (since 2021)

List of old chairmen [edit]

  1. J. Willard Marriott (1927–1985)

List of former main executives [edit]

  1. J. Willard Marriott (1927–1972)
  2. Pecker Marriott (1972–2012)
  3. Arne Sorenson (2012–2021)

Awards [edit]

  • In November 2020, Marriott International was named every bit ane of the "Top 75 Companies for Executive Women" by Working Female parent.[75]

Finances [edit]

Year Revenue
in mil. USD$ 		Internet income
in mil. USD$ 		Total Avails
in mil. USD$ 		Employees
2005 11,129 669 8,530 143,000
2006 11,995 608 8,588 150,600
2007 12,990 696 viii,942 151,000
2008 12,879 362 eight,903 146,000
2009 10,908 −346 7,933 137,000
2010 11,691 458 8,983 129,000
2011 12,317 198 five,910 120,000
2012 11,814 571 6,342 127,000
2013 12,784 626 6,794 123,000
2014 13,796 753 6,833 123,500
2015 14,486 859 six,082 127,500
2016 15,407 808 24,140 226,500
2017 20,452 ane,459 23,948 177,000
2018 20,758 1,907 23,696 176,000
2019 20,972 i,273 25,051 174,000
2020 10,571 −267 24,701 121,000

Carbon footprint [edit]

Marriott International reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 5,166 Kt (-1,643 /-24.ane% y-o-y)[76] and aims to reach net goose egg emissions by 2050.[77]

Marriott International's annual Total CO2e Emissions - Market-Based Scope 1 + Scope 2 (in kilotonnes)
Dec 2017 December 2018 December 2019 December 2020
6,238[78] 6,836[79] 6,809[80] 5,166[76]

The Luxury Collection [edit]

The Luxury Collection is a hotel brand of Marriott International with several notable hotels including Hotel Alfonso Xiii, Gritti Palace Hotel, IVY Hotel + Residences, Hotel Imperial, ITC Chiliad Chola, Marqués de Riscal Hotel, The Nines, Palace Hotel, San Francisco, The Park Belfry Knightsbridge Hotel, Phoenician Resort, Hotel President Wilson, The St. Anthony Hotel, and Imperial Hawaiian Hotel. Every bit of December 31, 2020, in that location were 118 hotels comprising 23,243 rooms operating under the brand.[81] The Luxury Collection is notable as the first "soft make" hotel chain.[82]

Most hotels of the make are located in converted celebrated buildings, including palaces or older hotels. The brand also enlists notable designers to craft luxury travel accessories that are bachelor exclusively on the brand'south website.[83]

The Purple Penthouse Suite at Hotel President Wilson in Geneva, office of The Luxury Collection, billed at US$65,000 per nighttime, is listed at the top of the World's 15 Most Expensive Hotel Suites listing compiled past CNN in 2012.[84]

History [edit]

The Luxury Collection make began on January 13, 1992, when ITT Sheraton designated 28 of its most expensive hotels and 33 of the Sheraton Towers, as the ITT Sheraton Luxury Drove.[85]

In Feb 1994, ITT Sheraton acquired a decision-making interest in CIGA (Compagnia Italiana Grandi Alberghi, or Italian Grand Hotels Company), an Italian international hotel chain that endemic several luxury backdrop in Europe.[86] The majority of the CIGA hotels were folded into The Luxury Collection. CIGA's original logo, the four horses of St. Mark, was kept for The Luxury Collection make logo until 2010; each Luxury Collection hotel now uses its own logo.

In 2011, information technology embarked on an advertising campaign.[87]

In 2012, the make announced a major expansion in Asia, particularly in China.[88]

In 2014, the make signed Danish supermodel Helena Christensen as spokesperson.[89]

In 2015, the company launched a $700 1000000 programme to renovate properties.[ninety] [91]

Marriott brands [edit]

J.W. Marriott and the Ritz-Carlton at LA Live, Los Angeles

Marriott operates 30 brands internationally.[92]

Luxury [edit]

Classic [edit]

  • JW Marriott Hotels
  • The Ritz-Carlton
  • St. Regis Hotels & Resorts

Distinctive [edit]

  • Edition Hotels
  • Bulgari Hotels & Resorts
  • The Luxury Collection
  • W Hotels

Premium [edit]

Classic [edit]

  • Delta Hotels
  • Marriott Hotels & Resorts
  • Marriott Vacation Order
  • Sheraton Hotels and Resorts

Distinctive [edit]

  • Le Méridien
  • Renaissance Hotels
  • Westin Hotels
  • Gaylord Hotels

Select [edit]

Classic [edit]

  • Courtyard by Marriott
  • Fairfield past Marriott
  • Four Points by Sheraton
  • Protea Hotels past Marriott
  • SpringHill Suites

Distinctive [edit]

  • Ac Hotels by Marriott
  • Aloft Hotels
  • Moxy Hotels

Long Stay [edit]

Archetype [edit]

  • Marriott Executive Apartments
  • Residence Inn by Marriott
  • TownePlace Suites

Distinctive [edit]

  • Chemical element Hotels
  • Homes & Villas by Marriott International

Collections [edit]

  • Autograph Collection
  • Design Hotels
  • Tribute Portfolio

Great America Parks [edit]

Marriott developed three theme parks, of which two opened: California's Dandy America and Six Flags Great America, which operated from 1976 until 1984. The parks were located in Santa Clara, California; Gurnee, Illinois; and a proposed simply never-congenital location in the Washington, D.C., area, and were themed celebrating American history. The American-themed areas nether Marriott'due south tenure of ownership included "Carousel Plaza" (the first department beyond the main gates); small-boondocks-themed "Hometown Square"; "The Great Midwest Livestock Exposition At County Fair" with a Turn of the Century rural-fair theme; "Yankee Harbor", inspired by a 19th-century New England port; "Yukon Territory," resembling a Canadian/Alaskan logging camp; and the French Quarter-modeled "Orleans Identify". At the opening, the parks had near identical layouts.

In 1984, Marriott tending of its theme park division; both parks were sold and today are associated with national theme park chains. The Gurnee location was sold to Half dozen Flags Theme Parks where information technology operates today as Six Flags Great America. The Santa Clara location was sold to the Metropolis of Santa Clara, who retained the underlying property and sold the park to Kings Entertainment Company, renamed Paramount Parks in 1993. From 1993 to 2006, the Santa Clara location was known as Paramount's Smashing America. In 2006, Paramount Parks was acquired by Cedar Off-white Amusement Company; the Santa Clara park operates today as California'southward Bang-up America. In the years later their sale, the layouts of both of the parks have diverged substantially.

Loyalty programme [edit]

Marriott Bonvoy is Marriott'south loyalty programme and was formed in the Feb 2019 merger of its three one-time rewards programs: Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Invitee.

Marriott Rewards was founded in 1983.[93]

Former loyalty programs [edit]

Starwood Preferred Guest (also known equally SPG) was founded in 1999 every bit the first in the industry to enforce a policy of no blackout dates, no capacity controls, and online redemption. In 2012, Starwood Preferred Guest began offering lifetime status and a defended Starwood ambassador for loyal members.[94]

Ritz-Carlton Rewards was founded in 2010. Members were able to receive air miles instead of reward points and able to earn ten points (or ii miles) for every dollar spent on any Ritz-Carlton room rates. Despite the restriction of membership to simply ane of the two programs, members of Ritz-Carlton Rewards were able to earn points in other Marriott hotels, while Marriott Rewards members were able to earn points at a Ritz-Carlton.[95]

Run across also [edit]

  • 2018 Marriott Hotels strike
  • List of chained-make hotels
  • Listing of hotels

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  88. ^ Kauffman, Scott (June fifteen, 2012). "Luxury Collection Hotels Carves out Bigger Asia-Pacific Footprint". World Property Journal.
  89. ^ "Starwood'due south Luxury Drove Signs Up Supermodel". Skift. Feb 20, 2014.
  90. ^ "The Luxury Collection® Celebrates 'Hotels That Define the Destination' in New Global Advertizing Campaign" (Press release). Business concern Wire. September 24, 2015.
  91. ^ Gollan, Doug (September 22, 2015). "The Luxury Collection Is Readying A New Brand Image, Ad Campaign". Forbes.
  92. ^ "Marriott Hotel Brands". Marriott International.
  93. ^ Marriott, Bill. "Happy 25th Anniversary Marriott Rewards!". Marriott International.
  94. ^ "STARWOOD CORPORATE OVERVIEW: HISTORY".
  95. ^ "Ritz-Carlton starts a loyalty program, Ritz-Carlton starts a loyalty programme". The Economist. September 15, 2010. ISSN 0013-0613.

Further reading [edit]

  • Marriott, Beak (2013). Without Reservations: How a Family Root Beer Stand Grew into a Global Hotel Company.
  • Marriott, John Willard, Jr., and Kathi Ann Dark-brown. The Spirit to Serve: Marriott's Style. Offset ed. New York: Harper Business, 1997.

External links [edit]

  • Official website
  • Concern information for Marriott International:
    • Google Finance
    • Yahoo! Finance
    • Bloomberg
    • SEC filings

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Source: https://en.wikipedia.org/wiki/Marriott_International

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