ExpansionMarriott International's robust growth prospects are evident with its plans for a new transient-focused midscale brand in the U.S., set to enhance its already impressive portfolio of approximately 8,800 properties worldwide.
Financial PerformanceMarriott's financial stability is underscored by its ability to issue $1.5 billion of unsecured notes at a favorable 5.36% weighted-average interest rate, reflecting strong market confidence and giving it a cost of capital advantage over its global hotel brand peers.
Shareholder ValueMarriott demonstrates strong commitment to shareholder returns with projections of significant buybacks, and a potential 6% yield for FY24, signaling confidence in the company's continued financial stability and profitability.