Who Is Marriotts Biggest Competitors?

Marriott International, Inc. is an American multinational diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging facilities. Founded by J. Willard Marriott and Frank Kimball in 1927, the company is now led by chairman and chief executive officer Arne Sorenson.

Marriott operates more than 7,000 properties under 30 leading brands spanning 134 countries and territories. Its flagship brand, Marriott Hotels & Resorts, makes up more than half of its lodging portfolio with over 5,700 properties worldwide. Other notable brands include Sheraton Hotels & Resorts (1,500), Westin Hotels & Resorts (1,200), Renaissance Hotels (160), Le Méridien (120), Autograph Collection (110) St Regis(70). The Ritz-Carlton Hotel Company LLC has 97 luxury hotels across the globe as of 2019.

In terms of hotel rooms available for booking globally as of 2018 Marriott had 1.3 million rooms while Hilton Worldwide had 865 thousand rooms available followed by InterContinental Hotels Group with 740 thousand room available for booking globally . However when it comes to total number of properties operated globally Hilton again takes the lead with 5673 properties followed by Marriott at 5713 properties as per data from Statista . So we can see that though Marriott has more number of hotel rooms it falls short when compared to Hilton in terms of total number orproperties operated globally . Also IHG beats both these companies in termsof having most diverse geographical footprintwith 4500+ hotelsacross 100 countries making it present in almost every continent except Antarctica .

When we look at the market capitalizationas on Feb 12th 2020 , Marriott’s market cap was $46 billion while thatof Hilton was $26 billionand IHG’s was $20 billion . Also looking at their respective stock pricesas on Feb 12th 2020 , Marriot closed at $122 per share , down 3% YTDwhile Hilton closedat $88 per share , down 13% YTDand IHG closedat $49 per share , down 25% YTD which clearly indicates that investors have lost faith in these companies amidstthe outbreakof coronavirus which started spreading from Wuhan provinceof China back in December 2019 .

Filed Under:
English