Travel in Marriott

Marriott, IHG, and Hyatt joined other hotel companies in releasing earnings or giving financial updates this week. Here are the highlights. Note: All numbers are for the first quarter.

Indian airlines will account for half of the country’s international passenger traffic by the 2027-28 financial year, according to a report by credit rating agency CRISIL Ratings. That’s up from 43% this fiscal year, with India’s international passenger traffic at around 70 million.

 MGM Resorts executives enthused Wednesday about the likely impact of their newly minted licensing deal with the Marriott Bonvoy loyalty program.

Marriott raised its forecast for 2024 profitability on Wednesday after predicting continued travel demand worldwide. But analysts spent the earnings call focused on travel booking behavior in the U.S., where post-pandemic domestic demand may be cooling.

India’s largest bank State Bank of India (SBI) has launched its first-ever travel focused credit card. ‘SBI Card MILES’ has been launched in three variants to cater to different types of travelers, from beginners to frequent flyers. 

The world’s biggest hotel chains are doubling down on India, betting that the country’s rising affluence will fuel a surge in travel demand for years to come.

Marriott’s carbon-reduction plans received a seal of approval from the world’s main verifier of corporate climate targets. The giant hotel operator said Monday that the Science Based Targets initiative (SBTi) had approved its near-term and long-term science-based targets.

Good morning from Skift. It’s Tuesday, April 16. Here’s what you need to know about the business of travel today.

Marriott and IHG each announced Monday their latest expansion plans in Europe. Marriott set its sights on adding nearly 100 hotels by 2026, while IHG signed a deal to add more than 100 in Germany.

Hilton CEO Christopher Nassetta was awarded $56.8 million in pay last year, more than CEOs at rival hotel operators Marriott, Hyatt, Wyndham, Choice, IHG, and Accor, according to recent SEC filings.

Marriott Bonvoy last month released a new AI tool meant to help users search for vacation rentals under its Homes & Villas by Marriott Bonvoy brand. 

Marriott’s journey in India began 25 years ago. The company today boasts of over 100 hotels, with another 79 in construction. 

$3,431: That’s how much it will cost to stay at the new Ritz-Carlton Reserve hotel in Saudi Arabia for a night. The super-exclusive, small key-count resort opens for bookings on May 26, hitting the market with the highest rates in the region.

Last July, Marriott International and MGM Resorts announced a licensing tie-up where members of the Marriott Bonvoy loyalty program could earn and redeem points for activity at MGM Resorts’ properties. On Wednesday, travelers became able to take advantage of this partnership at 16 MGM Resort locations.

Choosing the perfect venue is crucial for the success of any event in the dynamic and ever-evolving world of MICE (Meetings, Incentives, Conferences, and Exhibitions) events. Now more than ever, event organizers seek destinations that offer not only state-of-the-art facilities but also memorable experiences that resonate with attendees long after the event has concluded. In this context, Marriott hotels in Latin America stand out as favorites, given their commitment to excellence, strategic locations, and services tailored to meet even the most demanding event needs.

Marriott International expects to open 14 hotels in South Asia this year, 12 of which will be in India, adding approximately 1,200 rooms to the hotel chain’s existing portfolio in the country.

CoStar Group, the real-estate data giant, was hit last week with a consumer class action lawsuit alleging it enabled several hotel operators, such as Marriott and Hilton, to artificially boost their hotel rates.

Good morning from Skift. It’s Thursday, February 15. Here’s what you need to know about the business of travel.

Marriott International is the world’s largest hotelier, but Hilton Worldwide is a close rival. The following are noteworthy details from the latest annual 10-K filings for Marriott and Hilton.

Good morning from Skift. It’s Wednesday, February 14. Here’s what you need to know about the business of travel.

The Super Bowl helped MGM Resorts post three of the top five days in revenue it has ever recorded at hotels on the Las Vegas Strip, executives said Tuesday.