Marriott International Reports Strong Fourth Quarter and Full Year 2023 Results
Marriott International, Inc. (Nasdaq: MAR) reports strong fourth quarter and full year 2023 results, with significant growth in global operations. RevPAR increased by 7.2% worldwide, with a 17.4% surge in international markets. Diluted EPS improved to $2.87, and adjusted diluted EPS reached $3.57. Net income totaled $848 million, and adjusted net income reached $1,055 million. The company added nearly 81,300 rooms globally and has a development pipeline of nearly 3,400 properties and roughly 573,000 rooms. Marriott also repurchased 21.5 million shares of common stock for $3.9 billion in 2023. President and CEO Anthony Capuano commented on the company’s excellent results and strong performance, positioning Marriott for continued growth and success in the global hospitality industry.
MGM Resorts announces exclusive partnership with Marriott Bonvoy
MGM Resorts International has announced a new partnership with Marriott International, unveiling exclusive benefits, points transfers, and status matches for members of both loyalty programs. The partnership, set to take effect early this year, will see MGM properties becoming bookable…