Added to YB: 2026-07-29
Pitch date: 2026-07-26
MAR [neutral]
Marriott International, Inc.
Author Info
No bio for this author
Company Info
Marriott International, Inc. engages in the operation, franchising, and licensing of hotel, residential, timeshare, and other lodging properties in the United States, Canada, Europe, the Middle East, Africa, Greater China, the Asia-Pacific, and internationally.
Market Cap
$98.7B
Pitch Price
N/A
Price Target
N/A
Dividend
0.72%
EV/EBITDA
23.14
P/E
39.21
EV/Sales
16.10
Sector
Hotels, Restaurants and Leisure
Category
growth
Marriott, the giant that owns almost no hotels
MAR (overview): World's largest hotelier (9,805 hotels, 1.8M rooms) via asset-light model—owns ~1% of rooms. 67% franchise, 32% managed. Franchise royalties tripled to $3.33B (2016-25). Bonvoy co-brand cards w/ Chase/Amex added $716M (13% of $5.4B fees), +35% growth expected 2026 w/ breakage float. Stock 5x off Covid low to ~$375. Battles Hilton/Chinese giants; growth via conversions & brand buys (citizenM, MGM). Risks: cyclical incentive fees, key-money costs ($1.05-1.15B invest).
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