Marriott International (MAR) Stock

The hotel has officially become part of the MGM Collection within the Marriott Bonvoy portfolio, which is a key part of the ongoing partnership between MGM Resorts International and Marriott International. As of today, the W Las Vegas has opened, transforming the well-known 1,117-suite tower at Mandalay Bay into a W Hotels property. Marriott Bonvoy members can now book their stays and earn or use points at this exciting new location.

MAR's strategic agreement allows affiliates to connect with the company's offerings and take advantage of the increasing interest in outdoor activities. This partnership opens up new opportunities for growth in this expanding market.

Marriott International, Inc. has announced that it is expanding its outdoor lodging options by signing founding agreements with two important companies in the outdoor sector. This move aims to improve their experiential travel services, with plans to introduce a new outdoor collection in 2025. The announcement was made on December 12, 2024, in Bethesda, Maryland.

The industry is dealing with issues such as increasing costs, lower demand, and global political tensions. Nevertheless, companies like MAR, H, and CHH are expected to gain from their growth strategies and other projects.

On December 3, 2024, in Fairfax, Virginia, Marriott International awarded Crestline Hotels & Resorts, LLC with the Serve 360 AWARD during their annual MINA & Full-Service Owners Conference held in Orlando, Florida.

Marriott Vacations Worldwide has experienced a 29% increase in the last year, recovering from summer fluctuations, but is still below its peak in Q2. In Q3, the company reported earnings per share of $1.80, which was $0.20 higher than expected, and a 10% rise in revenue to $1.3 billion, largely due to improvements in Hawaii. However, there are ongoing concerns about credit quality, with $281 million overdue and $516 million set aside as reserves, which could present risks.

Missoni has launched its new Missoni Resort Club project in partnership with The Ritz-Carlton, creating a unique beachfront experience in Bali. This collaboration combines the famous Italian fashion brand's distinctive style with the luxurious setting of The Ritz-Carlton in Nusa Dua, which offers beautiful views of the Indian Ocean. The project aims to enhance the elegance of the resort with Missoni's signature designs and motifs.

The latest recipe collection, launching at the resort's opening of the 2024 Gingerbread House, will support programs aimed at reducing poverty and hunger in Southwest Florida. NAPLES, Fla.

MAR is working together with the New Development Group to launch its second EDITION hotel in Shanghai.