In the third quarter, the company issued $1.0 billion of Series GG Senior Notes due in 2032 with a 3.5 percent interest rate coupon. Exterior Nestled in an area of distinctive mountain landscape, JW Marriott Tucson Starr Pass Resort & Spa is an immersion into comfort, rich culture and natural beauty. Reported net income totaled $100 million in the 2020 third quarter, compared to 2019 third quarter reported net income of $387 million. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. The companies also lead the development pipeline with 19,877 and 8,389 rooms under contract, respectively. Offshore Update. Assuming progress is made in containing COVID-19, we would expect gross room additions in 2021 to accelerate compared to our expectations for 2020. The results were overwhelmingly positive. During the third quarter, we added more than 19,000 rooms to our system, nearly 70 percent more than were added in the second quarter, achieving 5 percent gross rooms growth in the last 12 months. Financially, we have strengthened our liquidity position, realigned our cost structure, and minimized our cash burn. “Global & regional hospitality industry overview” general session at 9:30 a.m. “How do major events deliver for a city? and turn left onto Hardenbergstraße,turn left onto Steinpl and … Greater China continues to lead the recovery and demonstrates the resiliency of travel demand, with third quarter occupancy of 61 percent and RevPAR recovering to down 26 percent, a 35-percentage point improvement compared to the decline in the second quarter. COVID-19Due to the numerous uncertainties associated with COVID-19, Marriott cannot presently estimate the financial impact of this unprecedented situation, which is highly dependent on the severity and duration of the pandemic and its impacts, but expects that COVID-19 will continue to be material to the company’s results. The answers are found in benchmarking. Keep things simple and invest in quality. According to STR industry data, Marriott brands represented 7 percent of worldwide market share of open rooms in 2018 and a remark-able 20 percent of industry rooms under construc- The conference call will be webcast simultaneously via Marriott’s investor relations website at http://www.marriott.com/investor, click on “Events & Presentations” and click on the quarterly conference call link. Owned, leased, and other revenue, net of direct expenses, totaled an $18 million loss in the 2020 third quarter, compared to $67 million of profit in the year-ago quarter as a result of RevPAR declines related to COVID-19. Answer 1 of 3: Stayed at the Marriott for 4 nights, just thought a quick report would be helpful to those considering or on the fence. Click here to download MAR Q3 2020 Press Release Schedules or visit http://marriott.com/investor. e Alice Marriott, hanno iniziato con una piccola idea, with uno stand di root beer. Marriott's Core Income Fund. Other non-RevPAR related franchise fees in the 2020 third quarter of $119 million were $26 million, or 18 percent, lower than the year-ago quarter, largely due to lower credit card branding fees. Scoprite di più su fitness, premi e molto altro. Courtyard by Marriott Berlin City Center is the ideal starting point to explore the city or for trips to the green outskirts of Berlin. 2018 Annual Report (Interactive) Add Links to Pages. Marriott International, Inc. does not currently have any hardcopy reports on AnnualReports.com. Last year, STR set out to produce the largest annual report ever conducted on global hotel trends. Marriott International Reports Fourth Quarter 2018 Results February 28, 2019 — Bethesda, MD Link to Facebook Page. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on these websites, which may be material. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram. Marriott reports surprise profit, says travel demand is improving ... “The steep occupancy declines are easing,” STR’s senior vice president, Jan Freitag told The Post. Email. ... and other risk factors that we identify in our most recent annual report on Form 10-K or quarterly report … Click the button below to request a report when hardcopies become available. This video will lay the groundwork for learning how to read a STR Report, a must know for Hotel Revenue Managers. 2018 Annual Report (Interactive) 2018 Annual Report: Add Files. Third quarter occupancy at our hotels in North America reached 37 percent, nearly double occupancy in the second quarter, primarily driven by leisure, drive-to demand, with business and group recovering more slowly. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $327 million in the 2020 third quarter, compared to third quarter 2019 adjusted EBITDA of $901 million. “The CSA landscape is dominated by independent properties, but we have seen a great deal of new brands entering the marketplace as the region is increasingly viewed by major companies as an opportunity to grow their global footprint,” said Patricia Boo, STR’s area director for Central/South America. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including those we identify below and other risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Quarterly Report on Form 10-Q. Shipping Information. Shares have added about 7.2% in that time frame, outperforming the S&P 500. Marriott.it garantisce prenotazioni online semplici e affidabili grazie alla nostra migliore tariffa garantita. Accedi con il tuo account Marriott Rewards o SPG. Marriott CEO Arne Sorenson has repeatedly described the coronavirus pandemic’s fiscal impact on the hotel industry as worse than the September 11 terrorist attacks ... according to an STR report. Economy and midscale brands, specifically, dominate not only existing supply, but also the development pipeline.”, Top 10 (ranked by room count in Central/South America region). Take Bundesallee, Joachimsthaler Str. MARRIOTT INTERNATIONAL, INC. is a leading lodging company with more than 3,500 lodging properties in 70 countries and territories. Marriott continued its steady growth and strong profit-ability in 2019, reflecting the power of our associates, our brands, our Marriott BonvoyTM loyalty program, and our asset-light business model. Prenota direttamente il tuo hotel preferito e viaggia senza stress. Accedi al tuo account Marriott Bonvoy per controllare il saldo dei punti, prenotare il tuo prossimo soggiorno e altro ancora. [1] All occupancy and RevPAR statistics are comparable systemwide constant dollar and include hotels that have been temporarily closed due to COVID-19. Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,500 properties under 30 leading brands spanning 132 countries and territories. For more information, please visit str.com. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. Adjusted operating income in the 2020 third quarter included impairment charges of $32 million, related to COVID-19. Progress on projects under construction largely continues apace around the world, although we have designated a slightly higher number of projects on hold given macroeconomic uncertainty and discussions with our owners. Reported diluted earnings per share (EPS) totaled $0.31 in the quarter, compared to reported diluted EPS of $1.16 in the year-ago quarter. This striking 298-room scheme, run by Gotel Hotel Management, is Argentina’s first Marriott Hotels property since 2013. Half Year Report 2020. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. and Hardenbergstraße to Steinpl. The telephone dial-in number for the conference call is 706-679-3455 and the conference ID is 5783987. Base management and franchise fees totaled $366 million in the 2020 third quarter, compared to base management and franchise fees of $821 million in the year-ago quarter. Operationally, we have elevated our health and cleanliness standards to establish trust and credibility with travelers and to enhance the safety and wellbeing of our associates and guests. Request Information. See page A-3 for the calculation of adjusted results. Per STR, occupancy for the week ended Nov 14 hit 43.2%, in sharp contrast to the industry’s historic low of 22% in mid-April. A telephone replay of the conference call will be available from 2:00 p.m. In Marriott International, celebriamo i sognatori che lasciano il proprio sogno, e abbiamo i nostri buoni motivi per farlo. Using the Marriott Sand Dollar rate, got 4th night free, with breakfast for 2 included daily. Under contract covers the in construction, final planning and planning phases of the pipeline. Arne M. Sorenson, president and chief executive officer of Marriott International, said, “While COVID-19 is still significantly impacting our business, our results for the third quarter showed continued improvement in demand trends around the world. The company’s net liquidity was approximately $5.1 billion as of the end of the third quarter, representing roughly $1.5 billion in available cash balances, and $3.6 billion of unused borrowing capacity under its revolving credit facility, less $30 million of commercial paper outstanding. We received numerous commendations across the industry for not only the depth of our research, but for the way we evaluated this research, which Note on forward-looking statements:All statements in this press release and the accompanying schedules are made as of November 6, 2020. Globally, 94 percent of our hotels are now open and welcoming guests. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to the expected effects on our business of the COVID-19 pandemic and efforts to contain it (COVID-19); future performance of the company's hotels; RevPAR, occupancy and demand estimates and trends; our development pipeline, room additions, terminations and net rooms growth; our liquidity expectations; and similar statements concerning anticipated future events and expectations that are not historical facts. Contract investment amortization for the 2020 third quarter totaled $48 million, compared to $16 million in the year-ago quarter. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. For full year 2020, we now expect 2.5 to 3 percent net rooms growth, including terminations of 1.5 to 2 percent. STR Chain Scales - North America and Caribbean rands/hains are slotted by hain Scale based on the previous year’s annual system wide (global) Average Daily Rate and other factors. Link to LinkedIn Page. The ultimate digital tool for measuring your hotel’s performance against your competition and market, dSTAR empowers you with the data intelligence needed to make better business decisions. A replay will be available at that same website until November 6, 2021. Please select your region below to continue. Letter to Shareholders Arne M. Sorenson President and Chief Executive Officer J.W. Newly converted from its previous incarnation as Hotel Panamericano Buenos Aires, Marriott’s latest outpost boasts a prominent position on the city’s iconic 9 de Julio Avenue. 2018 Annual Report. Tee off with red-tinged Arizona desert scenery and looming mountains in the background at our Starr Pass Golf Club, designed by legendary Arnold Palmer. Interest expense, net, totaled $107 million in the third quarter compared to $92 million in the year-ago quarter. Quando prenotate un hotel, vi meritate le migliori tariffe disponibili. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. How well is your property performing against the competition? STR: Accor, Marriott represent largest hotel presence in Central/South America, —Accor accounts for the largest hotel room presence in the Central/South America region, followed by Marriott International, according to census data from, , the company will release a combined list of the continent’s 100 largest companies and brands during next week’s. Esplorate i servizi di prestigio mondiale e le meravigliose strutture che rendono Marriott Hotels & Resorts la scelta ideale per il lavoro e lo svago. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on these websites, which may be material. The conference ID for the recording is 5783987. As part of the STR 500, the company will release a combined list of the continent’s 100 largest companies and brands during next week’s SAHIC Latin America Hotel Tourism & Investment Conference in Quito, Ecuador. Take exit 16-Wexstraße from A 100. Does all the effort pay off?” at 2:20 p.m. STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Marriott International, Inc. (NASDAQ: MAR) today reported third quarter 2020 results, which were dramatically impacted by the COVID-19 global pandemic and efforts to contain it (COVID-19). Boo will present twice on the Monday (16 September) of SAHIC: About STRSTR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. At year-end 2019, the company’s net debt was $10.7 billion, representing total debt of $10.9 billion less cash and cash equivalents of $0.2 billion. I nostri fondatori, J.W. General, administrative, and other expenses for the 2020 third quarter totaled $131 million, compared to $220 million in the year-ago quarter. “We still have a long road ahead, but this crisis will come to an end, and I believe travel will rebound quickly. It has been about a month since the last earnings report for Marriott International (MAR). When hotels in the STR Census Database do not report data to STR, published rates are used to estimate actual Average Daily Rate (ADR). Sfoglia la collezione di hotel Marriott International e scopri cosa rende unico ogni brand. Browse Marriott International's portfolio of hotels & discover what makes each brand unique. At quarter-end, approximately 228,000 rooms of our more than 496,000-room pipeline were under construction. The company expects to provide additional information about the current impact of COVID-19 on its business on its call later this morning. We find out more. From our hotel in the exhilarating Mitte district you can reach sights such as the Television Tower, the Gendarmenmarkt or Checkpoint Charlie within walking distance. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. Sharpen your game by playing a round on all three of our Tucson resort's nine-hole golf courses. According to the latest STR data, Marriott’s luxury pipeline is larger than its next three competitors combined. The year-over-year change reflects impairments of investments in management and franchise contracts related to COVID-19. Per la vostra prossima prenotazione d'hotel, scoprite un servizio eccellente e prenotate una camera con Marriott. Link to Twitter User. Take the stress out of travel & book your hotel reservation direct. At quarter-end, Marriott’s global lodging system totaled roughly 7,600 properties and timeshare resorts, with nearly 1,414,000 rooms. ET, Friday, November 13, 2020. The year-over-year decline in these fees is primarily attributable to lower net house profits at many hotels related to COVID-19. To access the replay, call 404-537-3406. BOGOT Á —Accor accounts for the largest hotel room presence in the Central/South America region, followed by Marriott International, according to census data from STR. “Our database shows that over the last 10 years, the number of branded properties in the region has increased 7%. Invest for income in turbulent times. ... Hotels shown on Marriott.com may be operated under a license from Marriott International, Inc. or one of its affiliates. Adjusted results exclude restructuring and merger-related charges, cost reimbursement revenue, and reimbursed expenses. Use your existing Marriott Rewards or SPG details to log in securely now. Balance Sheet and LiquidityAt quarter-end, Marriott’s net debt was $9.4 billion, representing total debt of $11.0 billion less cash and cash equivalents of $1.6 billion. STR sets the standard for data intelligence and global benchmarking, allowing you to compete strategically, plan for the future and understand your customers. Expenses in the 2020 third quarter reflect the company’s cost reduction efforts. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on these websites, which may be material. The year-over-year decline in these fees is primarily attributable to RevPAR declines related to COVID-19 and a decrease in other non-RevPAR related franchise fees. Accor’s portfolio covered 58,937 rooms as of 30 June 2019, while Marriott accounted for 22,709 rooms. At quarter-end, the company’s worldwide development pipeline totaled 2,899 properties with more than 496,000 rooms, including 1,201 properties with approximately 228,000 rooms under construction and 160 properties with roughly 25,000 rooms approved for development, but not yet subject to signed contracts. Risks that could affect forward-looking statements in this press release include the duration and scope of COVID-19, including the location and extent of resurgences of the virus and the availability of effective treatments or vaccines; its short and longer-term impact on the demand for travel, transient and group business, and levels of consumer confidence; actions governments, businesses and individuals have taken or may take in response to the pandemic, including limiting or banning travel and/or in-person gatherings or imposing occupancy or other restrictions on lodging or other facilities; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies, travel, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the ability of our owners and franchisees to successfully navigate the impacts of COVID-19; the pace of recovery when the pandemic subsides or effective treatments or vaccines become available; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps we and our property owners and franchisees take to reduce operating costs and/or enhance certain health and cleanliness protocols at our hotels; the impacts of our employee furloughs and reduced work week schedules implemented during portions of 2020, our voluntary transition program and our other restructuring activities; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth and refurbishment; the extent to which we experience adverse effects from data security incidents; and changes in tax laws in countries in which we earn significant income. The company halted share repurchases in February of this year and suspended its quarterly dividend beginning in the second quarter. Selected Performance InformationThe company added 127 new properties (19,064 rooms) to its worldwide lodging portfolio during the 2020 third quarter, including roughly 1,400 rooms converted from competitor brands and approximately 7,600 rooms in international markets. North American RevPAR declined 65.4 percent (a 65.4 percent decline using actual dollars), and international RevPAR declined 67.4 percent (a 67.3 percent decline using actual dollars). These 2020 third quarter adjusted results included impairment charges of $24 million after-tax ($0.07 per share), related to COVID-19. Third Quarter 2020 ResultsMarriott’s reported operating income totaled $252 million in the 2020 third quarter, compared to 2019 third quarter reported operating income of $607 million. “Although the timing of a full recovery remains unpredictable, we are pleased with the significant progress we have made in restructuring and repositioning the company to successfully manage through these challenging times. Adjusted operating income in the 2020 third quarter totaled $147 million, compared to 2019 third quarter adjusted operating income of $734 million. Incentive management fees totaled $31 million in the 2020 third quarter, compared to incentive management fees of $134 million in the year-ago quarter. COVID-19 Notice: • Marriott continues to be fully operational at this time. Roughly three-quarters of the incentive management fees recognized in the quarter were earned at hotels in the Asia Pacific region. Worldwide RevPAR[1] declined 66 percent in the quarter, a nearly 19-percentage point improvement from the decline in the second quarter. Use the left 2 lanes to turn slightly left to stay on Bundesallee, continue onto Joachimsthaler Str. For more information, please visit. Hotel Tourism & Investment Conference in Quito, Ecuador. JW Marriott Tucson Starr Pass Resort & Spa offers uncomplicated relaxation amid the city's most compelling attractions. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the SEC, and any references to the websites are intended to be inactive textual references only. “The Asia Pacific region led deal signings in the third quarter, accounting for more than half of all rooms signed globally, with the vast majority of those rooms in Greater China. The company offers Marriott Bonvoy™, its highly-awarded travel program. Reported results in the 2020 third quarter included impairment charges of $32 million pretax ($24 million after-tax and $0.07 per share), related to COVID-19. Third quarter 2020 adjusted net income totaled $20 million, compared to 2019 third quarter adjusted net income of $488 million. Quality companies will keep you on track. I am confident that the many steps we have taken this year, combined with our unrivaled global portfolio, the strength of our brands, and the power of Marriott Bonvoy position us very well now and for the future.”. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. Sign in to your Marriott Bonvoy account to check your points balance, book your next hotel stay and more. The three largest brands in the region all fall under the Accor umbrella: Ibis (22,715 rooms), Ibis Budget (9,553 rooms) and Mercure (8,098 rooms). See page A-11 for the adjusted EBITDA calculation. As part of the STR 500 , the company will release a combined list of the continent’s 100 largest companies and brands during next week’s SAHIC Latin America Hotel Tourism & Investment Conference in Quito, Ecuador. In 2019, gross fee revenue increased 5 percent to reach $3.8 billion, world-wide revenue per available room (RevPAR) rose 1.3 MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2020 RESULTS First quarter 2020 comparable systemwide constant dollar RevPAR declined 22.5 percent worldwide, 30.4 percent outside North America and 19.5 percent in North America; ET, Friday, November 6, 2020 until 8:00 p.m. BOGOTÁ—Accor accounts for the largest hotel room presence in the Central/South America region, followed by Marriott International, according to census data from STR. In the 2020 third quarter, worldwide RevPAR declined 65.9 percent (a 65.9 percent decline using actual dollars). Da quel momento, si è trasformato in una piccola impresa alberghiera e, in seguito, in una grande impresa. We have also remained keenly focused on working with our hotel owners and franchisees to significantly reduce hotel level costs and help preserve cash in this extremely low revenue environment. Find the latest Earnings Report Date for Marriott International Class A Common Stock (MAR) at Nasdaq.com. Adjusted diluted EPS in the third quarter totaled $0.06, compared to adjusted diluted EPS of $1.47 in the year-ago quarter. Restructuring and merger-related charges totaled $1 million in the third quarter compared to $9 million in the third quarter of 2019. The increase is largely due to higher long-term debt balances and higher interest expense associated with new debt issuances. Thirty-one properties (6,066 rooms) exited the system during the quarter. Charges in the third quarter of 2020 reflect $40 million of costs related to the company’s organizational realignment, largely offset by a $39 million reduction of the non-tax-deductible accrual for the fine imposed by the U.K. Information Commissioner’s Office in relation to the data security incident disclosed in November 2018. ... Rotana AC Hotels by Marriott Centara Residences & EuroAgentur Hotel Guldsmeden Marriott may post updates about COVID-19 and other matters on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com. 2018 10-K: Add Files. Please fill out the form below and click "Place Order" to complete your order. 2018 Annual Report 2.6 MB. CONTACT:Connie KimCorporate Relations(301) 380-4028connie.kim@marriott.com, Jackie Burka McConaghaInvestor Relations(301) 380-5126jackie.burka@marriott.com, Betsy DahmInvestor Relations(301) 380-3372betsy.dahm@marriott.com. Average Rate Index (ARI) Measures a hotel’s ADR performance relative to an aggregated grouping of hotels (i.e., competitive set, market or submarket).
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