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Marriott International

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Marriott International is an American multinational company

that operates, franchises and licenses lodging including hotel,


timeshare and residential properties. Marriott’s products are
resorts and hotels. It is headquartered in Bethesda, Maryland.
The company was founded by J. Willard Marriott and his wife
Alice Marriott. It was founded on march 5, 1927 in Washington
D.C. US.
Marriott is the largest hotel chain in the world by the number
of available rooms It has 30 brands with 7642 properties where
2149 are operated by Marriott and 5493 are operated by others
pursuant to franchise agreements containing 14,23,044 rooms
in 131 countries and territories. The total number of employees
in 2020 was 121000.
VISION, MISSION AND CORE VALUES

Marriott international organization has ensured continued


success for close to a hundred years on a global stage by
following the vision of the founders of the company. Marriott’s
vision statement by the company is “To be the world’s favorite
travel company”. The goal of the company is very simple and it
aims to be the favorite travel company for the masses
throughout the world.
The mission statement for the Marriott International is “To
enhance the lives of our customers by creating and enabling
unsurpassed vacation and leisure experience.” Marriott
international believes that by enhancing the lives of their
customers and by providing them with premium services, they
can establish themselves as a profitable company in the long
term.
Marriott International takes great pride in its employees and
their behavior which is the reflection of the core values and the
culture of the company. The core values of the company are
1. Putting people first
2. Pursuing excellence
3. Embracing change
4. Acting with Integrity
5. Serving the world

MARKET SHARE

Marriott have 29% of the market share, 20% Hilton, 15% Hyatt,
14% Holiday Inn and remaining 22% share is owned by
Sheraton which is now a part of Marriott itself.

MARRIOTT BRANDS:
Marriott offers the most powerful 30 brands.
The Ritz Carlton, St. Regis, Bulgari Hotels and Resorts, JW
Marriott, the luxury collection, design hotels, W hotels and
edition are the luxury hotels.
Meridien, Sheraton, Westin, Autograph collection, Vacation
Club, Renaissance, tribute portfolio, delta hotels, gaylord hotels
are the premium hotels.
Courtyard, four points by Sheraton, Springhill suites, protea
hotels, Fairfield, ac hotels, Moxy are the select hotels.
Element, TownePlace suites, residence inn and homes and villas
are the longer stays.

Now, this is the graph which shows us the number of hotel


rooms in 2009-2020 which are increasing continuously and in
2020, Marriot is having a good portfolio of 142 million.

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