Marriott recently released it's sustainability report on their ongoing commitment for social responsibility, sustainability and global diversity.
This report shows Marriott's progress toward diversity and social/environmental responsibility, including a prototype Green-Hotel, increasing women and minority owned hotels, and humanitarian efforts.
Marriott is committed to grow responsibly. The efforts are evident in the global footprint.
To read the sustainability report, please click here: Marriott Sustainability Report
Tuesday, November 30, 2010
Investor Relations
Stock price continued to fall on Monday, closing at $39.14 and has started the day after Cyber Monday slowly, dropping an additional $0.04.
Marriott Nashville and Milwaukee - Have employees damaged the Company's Reputation?
Erin Andrews - one of America's favorite sports anchors has been the victim of a "Peeping Tom" incident. Unfortunately this occurred at Marriott and Radisson Hotels. Staff at hotels gave a specific guest information relaying the specific room where Ms. Andrews was staying.
This is a PR nightmare for Marriott and Radisson Hotels, and not just the locations responsible for the incidents. The publicity this lawsuit has received can have impact for years to come, specifically in Marriott's efforts to cater to celebrity guests and even attract celebrity spokespersons for marketing and advertising. Even the average traveler will be uncertain in a hotel staff person will "sell his/her" privacy and this could have a significant impact on patrons choice in hotel stays.
This is a PR nightmare for Marriott and Radisson Hotels, and not just the locations responsible for the incidents. The publicity this lawsuit has received can have impact for years to come, specifically in Marriott's efforts to cater to celebrity guests and even attract celebrity spokespersons for marketing and advertising. Even the average traveler will be uncertain in a hotel staff person will "sell his/her" privacy and this could have a significant impact on patrons choice in hotel stays.
Marriott Partners with LAN Airlines
Marriott International and LAN Airlines (serving Latin America and Miami) have partnered to offer exclusive savings to LANPASS members (LAN Airlines frequent flier program). This partnership will provide elite program members a 20% discount on hotel stays at Marriott Branded hotels.
This gives Marriott some competitive leverage/advantage for the Latin America traveler. A large number of travelers through the specific region fly LAN Airlines. Because no other hotel brand offers such partnership discounts, this opens the door for Marriott hotels and resorts in this specific region to reach (and grow) a larger customer base.
This gives Marriott some competitive leverage/advantage for the Latin America traveler. A large number of travelers through the specific region fly LAN Airlines. Because no other hotel brand offers such partnership discounts, this opens the door for Marriott hotels and resorts in this specific region to reach (and grow) a larger customer base.
Monday, November 29, 2010
Marriott Declares Quarterly Cash Dividend
Board of Directors announced a quarterly cash dividend of $.0875 per share of common stock. This is a historic event in that this quarterly cash dividend is back to the previous level prior tithe economic downturn. The prior quarter's dividend was less than half this amount. This could be evidence of better things to happen as this appears the beginning of a recovering travel industry.
Time will tell ...
Time will tell ...
Investor Relations - Cyber Monday
Marriott Stock Price trading slow on Cyber MOnday. Price is down $0.78 to $38.63 from the previous close of $39.39.
Marriott's Culture - People First
Marriott's long-lived foundational value is "People First." Over 80 years, the strong sentiment that the Marriott associates are the greatest asset has been the foundation for the company's success and one from which most corporate culture decisions have been made.
The Marriott Culture is the experience created for customers, demonstrated by associates. The underlying value is simply people serving people. This simple, yet direct value is a key element attributed to Marriott's successful and sustained growth as well as the employees satisfaction.
The Marriott Culture is the experience created for customers, demonstrated by associates. The underlying value is simply people serving people. This simple, yet direct value is a key element attributed to Marriott's successful and sustained growth as well as the employees satisfaction.
Marriott to Increase Presence in India
India, one of the world's fasted growing populations is currently home to a mere 11 Marriott branded hotels.
That number will soon change says Arne Sorenson, president and chief operating officer for Marriott International. Marriott plans to increase their presence in India to 100 hotels within the next five years. Says Sorenson, " India has the second largest hotel development pipeline in Asia and is expected to double the number of branded hotel rooms over the next three years to approximately 120,000 rooms." Then percent of those will carry a Marriott brand which will see Marriott increasing their number of branded locations to 41 within those three years.
Not only does this increase Marriotts' foothold in the India market for travel accommodations, this will enable Marriott to provide career opportunity for thousands.
Click here for the full press release: Marriott on the Move in India
That number will soon change says Arne Sorenson, president and chief operating officer for Marriott International. Marriott plans to increase their presence in India to 100 hotels within the next five years. Says Sorenson, " India has the second largest hotel development pipeline in Asia and is expected to double the number of branded hotel rooms over the next three years to approximately 120,000 rooms." Then percent of those will carry a Marriott brand which will see Marriott increasing their number of branded locations to 41 within those three years.
Not only does this increase Marriotts' foothold in the India market for travel accommodations, this will enable Marriott to provide career opportunity for thousands.
Click here for the full press release: Marriott on the Move in India
Friday, November 19, 2010
Growing Green in Brazil
November 17, 2010 - Marriott signs preferred partnership agreement with Brazil's largest real estate company for 50 GREEN Fairfield Inn Hotels:
Marriott's newly announced partnership with PDG Realty in Brazil will construct 50 new hotels in Brazil with an environmentally friendly design to gain energy efficiencies. In addition to constructing these energy efficient and environmentally friendly hotels, each partner (Marriott and PDG Realty) will make financial contributions to support the Amazon Rain Forest preservation. Contributions for this cause will be made through the Amazonas Sustainable Foundation.
This partnership is a strategic move for Marriott and moves this company into a market with significant growth potential. Brazil will be hosting two major sports events in the next six years. Further, domestic travel has increased in Brazil and makes this country a prime target for future growth in the travel industry.
For more on this new partnership, please visit: http://investor.shareholder.com/mar/releasedetail.cfm?ReleaseID=531223
Marriott's newly announced partnership with PDG Realty in Brazil will construct 50 new hotels in Brazil with an environmentally friendly design to gain energy efficiencies. In addition to constructing these energy efficient and environmentally friendly hotels, each partner (Marriott and PDG Realty) will make financial contributions to support the Amazon Rain Forest preservation. Contributions for this cause will be made through the Amazonas Sustainable Foundation.
This partnership is a strategic move for Marriott and moves this company into a market with significant growth potential. Brazil will be hosting two major sports events in the next six years. Further, domestic travel has increased in Brazil and makes this country a prime target for future growth in the travel industry.
For more on this new partnership, please visit: http://investor.shareholder.com/mar/releasedetail.cfm?ReleaseID=531223
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