(MAR) Marriott International - Ratings and Ratios

Marriott International, Inc. (NASDAQ: MAR) is a global hospitality giant, operating one of the largest and most diverse portfolios of lodging properties worldwide. The company’s brand umbrella includes over 30 well-known names such as JW Marriott, The Ritz-Carlton, W Hotels, and Sheraton, catering to every segment of the market, from luxury travelers to budget-conscious guests. Beyond traditional hotels, Marriott also operates in the premium residential, timeshare, and even yacht markets, diversifying its revenue streams and expanding its customer base.

Founded in 1927 and headquartered in Bethesda, Maryland, Marriott has built a sprawling network of properties across 130 countries. Its business model is a mix of owned, franchised, and licensed properties, allowing it to scale efficiently while maintaining brand consistency. The company’s loyalty program, Marriott Bonvoy, is a key asset, driving repeat business and creating a valuable direct-to-consumer channel. This program, combined with its extensive brand portfolio, positions Marriott as a leader in the global hospitality industry.

From a financial perspective, Marriott’s market cap exceeds $79 billion, making it one of the largest hospitality companies in the world. The stock trades at a P/E ratio of 34.60, reflecting investor confidence in its growth prospects. Its forward P/E of 28.57 suggests analysts expect continued expansion. The price-to-book ratio of 47.45 highlights the market’s valuation of its intangible assets, such as its brand portfolio and customer loyalty. With a price-to-sales ratio of 12.10, Marriott is positioned as a high-value generator relative to its revenue.

Marriott’s success is tied to its ability to balance luxury and scale. While its high-end brands like The Ritz-Carlton and Bulgari appeal to affluent travelers, its mid-tier and budget brands like Courtyard and Fairfield ensure broad market reach. The company’s global footprint and diversified offerings make it resilient to regional economic downturns, though it remains sensitive to macroeconomic factors like travel demand and geopolitical instability. For investors, Marriott represents a play on the recovery and growth of global travel, supported by its strong brand equity and financial health.