MARRIOTT INTERNATIONAL INC

Marriott International, Inc. (NASDAQ: MAR) operates as a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties through a portfolio of compelling brands positioned across different price and service points. The company's website is located at Marriott.com.

As of year-end 2025, Marriott's system includes 9,805 properties representing 1.78 million rooms across 145 countries and territories, with an additional 4,100 properties comprising nearly 610,000 rooms in the development pipeline. The company maintains a highly franchised business model, owning or leasing less than one percent of its lodging properties. Marriott manages approximately 414,000 associates globally, including roughly 148,000 directly employed by the company and approximately 266,000 employed by hotel owners but managed by Marriott.

The company operates through four reportable business segments: U.S. & Canada, Europe Middle East & Africa, Greater China, and Asia Pacific excluding China, with Caribbean & Latin America results included in unallocated corporate operations. Marriott's brand portfolio encompasses over 30 brands organized by style and quality tier, including luxury properties such as JW Marriott, The Ritz-Carlton, and St. Regis; premium brands including Marriott Hotels, Sheraton, and Westin; select brands such as Courtyard and Fairfield; and midscale offerings. The company also operates residential properties, timeshare offerings through licensing arrangements, and The Ritz-Carlton Yacht Collection.

Marriott Bonvoy, the company's loyalty program, represents a central element of its business strategy, with approximately 75 percent of U.S. hotel room nights and 68 percent of global hotel room nights booked by program members in 2025. The company generates revenue through franchise fees typically ranging from four to seven percent of room revenues, management fees composed of base and incentive components, licensing arrangements, and co-branded credit card programs operating in eleven countries.

The company's competitive advantages include its extensive global brand portfolio, sophisticated reservation and revenue management systems, direct digital channels including Marriott.com and the Marriott Bonvoy mobile app, and its comprehensive loyalty program. Marriott competes with other major hospitality chains including Hilton, IHG Hotels & Resorts, Hyatt, and Wyndham, as well as alternative lodging platforms and online travel intermediaries.