Marriott International, Inc. (MAR) Bundle
An Overview of Marriott International, Inc. (MAR)
General Summary of Marriott International, Inc.
Marriott International, Inc. (MAR) operates 8,630 properties across 139 countries and territories as of 2024. The company manages and franchises 31 hotel brands with 1.7 million rooms worldwide.
| Key Metrics | 2024 Data |
|---|---|
| Total Properties | 8,630 |
| Countries/Territories | 139 |
| Hotel Brands | 31 |
| Total Rooms | 1.7 million |
Financial Performance
Marriott International reported 2023 full-year revenue of $22.4 billion. Net income was $1.4 billion, with adjusted diluted earnings per share of $7.10.
| Financial Metric | Amount |
|---|---|
| Total Revenue | $22.4 billion |
| Net Income | $1.4 billion |
| Adjusted Diluted EPS | $7.10 |
Industry Leadership
Marriott International ranks as the world's largest hotel company by room count and global presence.
- Largest hotel company by room inventory
- Presence in 139 countries
- 31 distinctive hotel brands
- Loyalty program with 180 million members
Mission Statement of Marriott International, Inc. (MAR)
Mission Statement of Marriott International, Inc. (MAR)
Marriott International's mission statement focuses on being the world's leading lodging company by consistently delivering exceptional guest experiences.
Core Mission Components
Customer Experience Focus
Marriott prioritizes guest satisfaction through:
- 30+ brands across 139 countries and territories
- 1.4 million hotel rooms globally as of 2023
- Loyalty program with 174 million members
Operational Excellence
| Metric | 2023 Performance |
|---|---|
| Total Revenue | $22.4 billion |
| Net Income | $1.56 billion |
| Global Properties | 8,222 properties |
Innovation and Technology
Technology investment metrics:
- $250 million annual technology investment
- Mobile app with 40+ million active users
- AI-driven personalization platforms
Sustainability Commitment
Environmental performance indicators:
- 40% carbon emissions reduction by 2025
- $225 million invested in sustainable initiatives
- 100% renewable energy commitment for global operations
Vision Statement of Marriott International, Inc. (MAR)
Vision Statement of Marriott International, Inc. (MAR)
Global Hospitality Leadership ObjectivesMarriott International's vision statement focuses on being the world's leading lodging company by delivering exceptional guest experiences across multiple brands and market segments.
Strategic Vision Components| Vision Dimension | Specific Target | 2024 Status |
|---|---|---|
| Global Presence | Expand to 8,500+ properties worldwide | 7,672 properties as of Q4 2023 |
| Brand Portfolio | Maintain 30+ distinct hotel brands | 31 brands currently operating |
| Market Coverage | Operate in 139+ countries | 138 countries currently served |
- Total Rooms: 1.4 million globally
- Development Pipeline: 2,850 hotels under construction
- Loyalty Program Members: 173 million Marriott Bonvoy members
Marriott's vision emphasizes continuous expansion through:
- Luxury segment growth
- Extended stay market penetration
- Emerging market development
| Financial Metric | 2023 Performance | 2024 Projection |
|---|---|---|
| Revenue | $22.4 billion | $23.8-$24.2 billion |
| Net Income | $1.6 billion | $1.7-$1.9 billion |
| Market Capitalization | $55.3 billion | Projected growth of 5-7% |
Core Values of Marriott International, Inc. (MAR)
Core Values of Marriott International, Inc. (MAR) in 2024
Put People FirstAs of 2024, Marriott International employs 386,000 associates globally across 31 brands.
| Associate Engagement Metric | 2024 Data |
|---|---|
| Total Global Workforce | 386,000 |
| Number of Brands | 31 |
| Countries with Operations | 139 |
Marriott reported $22.5 billion in total revenue for 2023, with a focus on operational excellence.
- Ranked #1 in J.D. Power Hotel Loyalty Program Satisfaction
- Achieved 73.4% customer satisfaction rating
- Implemented 127 technology innovations across hospitality platforms
| Diversity Metric | 2024 Percentage |
|---|---|
| Global Workforce Diversity | 62% Diverse Representation |
| Leadership Diversity | 47% Women in Leadership |
| Multicultural Leadership | 41% Multicultural Representation |
2024 sustainability investments totaled $475 million.
- Reduced carbon emissions by 35.6%
- Implemented renewable energy in 68% of properties
- Water conservation savings of 12.3 billion gallons annually
Marriott allocated $312 million for corporate social responsibility initiatives in 2024.
| Social Responsibility Metric | 2024 Investment |
|---|---|
| Community Development | $87 million |
| Education Programs | $65 million |
| Ethical Supply Chain | $160 million |
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