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Marriott International Inc (NASDAQ: MAR) |
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Description of Marriott International Inc's Business Segments
As of October 2023, Marriott International Inc. remains a global leader in the hospitality industry, providing a diverse portfolio of hospitality brands and services designed to meet a range of guest needs from luxury to budget accommodations. Here is an extensive overview of the segments, products, and services that Marriott offers.
Full-Service Lodging
1. Marriott Hotels & Resorts
- This flagship brand encompasses a wide range of full-service hotels primarily catering to business and leisure travelers. Hotels typically offer:
- Room counts ranging from 400 to 700.
- Internet access, swimming pools, fitness centers, and parking facilities.
- Extensive conference and meeting facilities, along with dining options such as restaurants and lounges.
2. JW Marriott Hotels & Resorts
- Targeted at discerning luxury travelers, JW Marriott provides:
- Elevated amenities including larger rooms with upscale decor.
- Premium business and fitness centers along with enhanced spa offerings.
- A 24-hour room service, bespoke dining experiences, and personalized guest services.
3. Marriott Conference Centers
- Focused on meeting and conference groups, these centers include features like:
- Expanded meeting spaces and high-capacity banquet facilities.
- Recreational options aimed at enhancing the meeting experience.
- Some facilities are exclusive to sponsoring organizations while others are open to outside groups.
4. The Ritz-Carlton
- A hallmark of luxury, Ritz-Carlton offers:
- Exquisite architecture and high-quality facilities with 250 to 400 rooms.
- Access to high-end dining, personalized services, and leisure amenities such as golf courses and health spas.
5. Renaissance Hotels
- Positioned as a stylish and quality-tier brand aimed at both business and leisure travelers, Renaissance Hotels offer:
- Unique decor and ambiance, meeting facilities, and well-appointed guest rooms.
- Various recreational facilities at their resort properties.
6. Bulgari Hotels & Resorts
- In collaboration with Bulgari, this luxury brand includes high-profile properties in prestigious locations, featuring:
- Opulent designs and world-class amenities tailored for discerning guests.
Select-Service Lodging
1. Courtyard by Marriott
- This upper-moderate price brand serves business and leisure travelers and boasts:
- 90 to 150 rooms with amenities such as complimentary Wi-Fi, dining options, and exercise facilities.
- A relaxed, residential atmosphere with functional guest services.
2. Fairfield Inn & Suites
- Focused on providing value to budget-conscious travelers:
- Typically features 60 to 140 rooms with essential amenities like complimentary breakfast and a friendly atmosphere.
3. SpringHill Suites
- An all-suite hotel concept designed for extended stays and families:
- Offers rooms larger than standard hotel rooms, kitchen facilities, free breakfast, and other amenities aimed at both leisure and business guests.
Extended-Stay Lodging
1. Residence Inn
- The leading brand in extended-stay lodging, targeting guests on long-term trips:
- Accommodates guests in spacious suites equipped with full kitchens and living areas.
- Emphasizes community living with complimentary breakfasts and social events.
2. TownePlace Suites
- Aimed at guests staying five nights or more:
- Includes studio and suite options with fully equipped kitchens and residential-style living areas.
- Offers convenient amenities like laundry services and fitness facilities.
3. Marriott ExecuStay
- Provides furnished corporate apartments for extended stays:
- Focused on corporate housing solutions, with properties available through short-term lease agreements.
4. Marriott Executive Apartments
- Catering to international business travelers needing long-term housing solutions:
- Properties that provide quality serviced apartments for stays typically over 30 days, available in various countries.
Timeshare
1. Marriott Vacation Club International (MVCI)
- Develops and manages vacation ownership resorts, providing options for families and leisure travelers:
- Offers full-service villas with essential amenities positioned in vacation-friendly environments.
- Facilitates trading intervals for stays within the expansive Marriott network.
2. The Ritz-Carlton Club
- A luxury fractional ownership program designed for high-net-worth individuals:
- Includes elite properties at premium destinations.
3. Marriott Grand Residence Club
- An upper-tier fractional ownership brand located in sought-after locations, promoting upscale living.
4. Horizons by Marriott Vacation Club
- A moderately priced timeshare product aimed at family vacations, primarily located in entertainment hubs.
Other Activities and Services
1. Marriott Golf
- Manages several golf courses across properties, providing guests with recreational opportunities.
2. Reservation Systems
- Operates multiple hotel reservation centers handling calls and inquiries for Marriott brands globally.
3. Sustainability Initiatives
- Engages in sustainable practices, which may include alternative fuel generation operations, although details on specific initiatives may have evolved over time.
Conclusion
Marriott International's vast portfolio of brands, services, and specialized products enables it to cater to a diverse range of consumer preferences and market needs. The company continues to evolve its offerings to meet changing guest demographics and preferences while maintaining its commitment to quality service and hospitality.
Composition of Marriott International Inc Revenues by
Segments |
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| Total segment |
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 89.58 % |
of total Revenue |
| Total U S Canada |
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73.48 % |
of total Revenue |
| Total EMEA |
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10.15 % |
of total Revenue |
| Total Greater China |
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2.27 % |
of total Revenue |
| Total APEC |
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3.68 % |
of total Revenue |
| Unallocated corporate and other |
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10.42 % |
of total Revenue |
| Net fee revenues |
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20.51 % |
of total Revenue |
| Net fee revenues Total segment |
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16.69 % |
of total Revenue |
| Net fee revenues Total U S Canada |
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11.94 % |
of total Revenue |
| Net fee revenues Total EMEA |
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2.45 % |
of total Revenue |
| Net fee revenues Total Greater China |
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0.99 % |
of total Revenue |
| Net fee revenues Total APEC |
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1.31 % |
of total Revenue |
| Owned leased and other revenue |
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6.09 % |
of total Revenue |
| Owned leased and other revenue Total segment |
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4.78 % |
of total Revenue |
| Owned leased and other revenue Total U S Canada |
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1.52 % |
of total Revenue |
| Owned leased and other revenue Total EMEA |
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2.7 % |
of total Revenue |
| Owned leased and other revenue Total Greater China |
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0.08 % |
of total Revenue |
| Owned leased and other revenue Total APEC |
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0.48 % |
of total Revenue |
| Cost reimbursement revenue |
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73.81 % |
of total Revenue |
| Cost reimbursement revenue Total segment |
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68.49 % |
of total Revenue |
| Cost reimbursement revenue Total U S Canada |
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60.32 % |
of total Revenue |
| Cost reimbursement revenue Total EMEA |
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5.05 % |
of total Revenue |
| Cost reimbursement revenue Total Greater China |
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1.2 % |
of total Revenue |
| Cost reimbursement revenue Total APEC |
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1.92 % |
of total Revenue |
Q3 three months ended (Sep 30 2024)
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| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| Total segment |
5,603.00 |
89.58 % |
| Total U S Canada |
4,596.00 |
73.48 % |
| Total EMEA |
635.00 |
10.15 % |
| Total Greater China |
142.00 |
2.27 % |
| Total APEC |
230.00 |
3.68 % |
| Unallocated corporate and other |
652.00 |
10.42 % |
| Net fee revenues |
1,283.00 |
20.51 % |
| Net fee revenues Total segment |
1,044.00 |
16.69 % |
| Net fee revenues Total U S Canada |
747.00 |
11.94 % |
| Net fee revenues Total EMEA |
153.00 |
2.45 % |
| Net fee revenues Total Greater China |
62.00 |
0.99 % |
| Net fee revenues Total APEC |
82.00 |
1.31 % |
| Owned leased and other revenue |
381.00 |
6.09 % |
| Owned leased and other revenue Total segment |
299.00 |
4.78 % |
| Owned leased and other revenue Total U S Canada |
95.00 |
1.52 % |
| Owned leased and other revenue Total EMEA |
169.00 |
2.7 % |
| Owned leased and other revenue Total Greater China |
5.00 |
0.08 % |
| Owned leased and other revenue Total APEC |
30.00 |
0.48 % |
| Cost reimbursement revenue |
4,617.00 |
73.81 % |
| Cost reimbursement revenue Total segment |
4,284.00 |
68.49 % |
| Cost reimbursement revenue Total U S Canada |
3,773.00 |
60.32 % |
| Cost reimbursement revenue Total EMEA |
316.00 |
5.05 % |
| Cost reimbursement revenue Total Greater China |
75.00 |
1.2 % |
| Cost reimbursement revenue Total APEC |
120.00 |
1.92 % |
| Total |
6,255.00 |
100 % |
Q3 three months ended (Sep 30 2024)
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| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| Total segment |
5.82 % |
-2.83 % |
| Total U S Canada |
6.07 % |
- |
| Total EMEA |
5.31 % |
- |
| Total Greater China |
-11.25 % |
- |
| Total APEC |
15.58 % |
- |
| Unallocated corporate and other |
3 % |
-3.12 % |
| Net fee revenues |
7.18 % |
-2.51 % |
| Net fee revenues Total segment |
7.3 % |
- |
| Net fee revenues Total U S Canada |
8.26 % |
- |
| Net fee revenues Total EMEA |
6.99 % |
- |
| Net fee revenues Total Greater China |
-12.68 % |
- |
| Net fee revenues Total APEC |
18.84 % |
- |
| Owned leased and other revenue |
4.96 % |
- |
| Owned leased and other revenue Total segment |
5.65 % |
- |
| Owned leased and other revenue Total U S Canada |
1.06 % |
- |
| Owned leased and other revenue Total EMEA |
9.03 % |
- |
| Owned leased and other revenue Total Greater China |
-16.67 % |
- |
| Owned leased and other revenue Total APEC |
7.14 % |
- |
| Cost reimbursement revenue |
5.15 % |
-2.35 % |
| Cost reimbursement revenue Total segment |
5.52 % |
- |
| Cost reimbursement revenue Total U S Canada |
5.83 % |
- |
| Cost reimbursement revenue Total EMEA |
2.27 % |
- |
| Cost reimbursement revenue Total Greater China |
-9.64 % |
- |
| Cost reimbursement revenue Total APEC |
16.5 % |
- |
| Total |
- |
-2.86 % |
Q3 three months ended (Sep 30 2024)
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| Income by Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
584.00 |
9.34 % |
Q3 three months ended (Sep 30 2024)
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| Income Growth rates by Segment |
Y/Y Income
% |
Q/Q Income
% |
| Total |
- |
- |
Annual Report on Marriott International Inc Divisions, Sales by Country |
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| Total segment |
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89.94 % |
of total Revenue |
| Total U S Canada |
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74.15 % |
of total Revenue |
| Total EMEA |
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9.59 % |
of total Revenue |
| Total Greater China |
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2.32 % |
of total Revenue |
| Total APEC |
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3.89 % |
of total Revenue |
| Unallocated corporate and other |
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10.06 % |
of total Revenue |
| Net fee revenues |
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20.6 % |
of total Revenue |
| Owned leased and other |
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6.18 % |
of total Revenue |
| Reimbursements |
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74.9 % |
of total Revenue |
| Total Net fee revenues U S Canada |
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11.76 % |
of total Revenue |
| Total Net fee revenues EMEA |
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2.35 % |
of total Revenue |
| Total Net fee revenues Greater China |
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1 % |
of total Revenue |
| Total Net fee revenues APEC |
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1.37 % |
of total Revenue |
| Total Owned leased and other U S Canada |
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1.74 % |
of total Revenue |
| Total Owned leased and other EMEA |
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2.37 % |
of total Revenue |
| Total Owned leased and other Greater China |
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0.11 % |
of total Revenue |
| Total Owned leased and other APEC |
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0.56 % |
of total Revenue |
| Total Reimbursements U S Canada |
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61.28 % |
of total Revenue |
| Total Reimbursements EMEA |
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4.99 % |
of total Revenue |
| Total Reimbursements Greater China |
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1.27 % |
of total Revenue |
| Total Reimbursements APEC |
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2.03 % |
of total Revenue |
Twelve months ended 2024
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| MAR s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| Total segment |
22,576.00 |
89.94 % |
| Total U S Canada |
18,612.00 |
74.15 % |
| Total EMEA |
2,406.00 |
9.59 % |
| Total Greater China |
582.00 |
2.32 % |
| Total APEC |
976.00 |
3.89 % |
| Unallocated corporate and other |
2,524.00 |
10.06 % |
| Net fee revenues |
5,170.00 |
20.6 % |
| Total |
25,100.00 |
100 % |
| Owned leased and other |
1,551.00 |
6.18 % |
| Reimbursements |
18,799.00 |
74.9 % |
| Total Net fee revenues U S Canada |
2,951.00 |
11.76 % |
| Total Net fee revenues EMEA |
589.00 |
2.35 % |
| Total Net fee revenues Greater China |
250.00 |
1 % |
| Total Net fee revenues APEC |
345.00 |
1.37 % |
| Total Owned leased and other U S Canada |
437.00 |
1.74 % |
| Total Owned leased and other EMEA |
595.00 |
2.37 % |
| Total Owned leased and other Greater China |
27.00 |
0.11 % |
| Total Owned leased and other APEC |
141.00 |
0.56 % |
| Total Reimbursements U S Canada |
15,381.00 |
61.28 % |
| Total Reimbursements EMEA |
1,252.00 |
4.99 % |
| Total Reimbursements Greater China |
319.00 |
1.27 % |
| Total Reimbursements APEC |
510.00 |
2.03 % |
Twelve months ended 2024
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| MAR s Annual Income by Country and Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
2,375.00 |
9.46 % |
Twelve months ended 2024
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| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| Total segment |
5.52 % |
- |
| Total U S Canada |
5.18 % |
- |
| Total EMEA |
6.08 % |
- |
| Total Greater China |
-3 % |
- |
| Total APEC |
17.59 % |
- |
| Unallocated corporate and other |
8.84 % |
- |
| Net fee revenues |
7.17 % |
- |
| Owned leased and other |
-0.83 % |
- |
| Reimbursements |
7.89 % |
- |
| Total Net fee revenues U S Canada |
5.43 % |
- |
| Total Net fee revenues EMEA |
11.34 % |
- |
| Total Net fee revenues Greater China |
-5.66 % |
- |
| Total Net fee revenues APEC |
19.79 % |
- |
| Total Owned leased and other U S Canada |
-13.64 % |
- |
| Total Owned leased and other EMEA |
3.66 % |
- |
| Total Owned leased and other Greater China |
50 % |
- |
| Total Owned leased and other APEC |
4.44 % |
- |
| Total Reimbursements U S Canada |
6.4 % |
- |
| Total Reimbursements EMEA |
6.28 % |
- |
| Total Reimbursements Greater China |
0.63 % |
- |
| Total Reimbursements APEC |
24.09 % |
- |
| Total Non-US |
- |
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| Total Non-US Reimbursements |
- |
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