Latest news with #AnthonyCapuano
Travel Weekly
5 days ago
- Business
- Travel Weekly
Marriott CFO Leeny Oberg to retire in 2026
Marriott International CFO and executive vice president of development Leeny Oberg will retire on March 31, 2026, the company announced Monday. She'll be replaced by a pair of company veterans: global officer, treasurer and risk management Jen Mason and chief development officer for the Asia-Pacific excluding China Shawn Hill. Oberg has served as Marriott CFO since 2016 and as EVP of development since 2023, charged in the latter position with growing Marriott's global portfolio. She joined Marriott in 1999, serving in investor relations and financial management positions being named as CFO of Marriott's Ritz Carlton brand in 2013. "Leeny's focus on value creation is evident in everything she does," Marriott CEO Anthony Capuano said in a statement. "Whether it was navigating the pandemic successfully, enhancing the company's cost competitiveness or having a disciplined and strategic approach to investing in growth, her impact on Marriott is long-lasting." Upon Oberg's departure, she will be replaced as EVP and CFO by Mason, who has worked with Marriott since 1992. Her decades of experience in financial positions with the hotel company include a stint as CFO of Marriott's U.S. and Canada operations. On Jan. 1, 2026, Hill will become Marriott's EVP and chief development officer and report to Oberg until she departs, then to Capuano, according to the company. Hill joined the company in 1997 and was a financial executive before joining the company's Asia-Pacific development team in 2005. Mason and Hill "will bring an incredible depth of experience and demonstrated leadership to their roles, making them well positioned to drive Marriott's continued growth and success in the years to come," according to Capuano. Source: Business Travel News
Yahoo
08-07-2025
- Business
- Yahoo
Marriott International Announces Release Date For Second Quarter 2025 Earnings
BETHESDA, Md., July 8, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) will report second quarter 2025 earnings results on Tuesday, August 5, 2025, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Tuesday, August 5, 2025, at 8:30 a.m. (ET). Marriott International's President and Chief Executive Officer, Anthony Capuano, and Chief Financial Officer and Executive Vice President, Development, Leeny Oberg, will discuss the company's performance. The conference call will be webcast simultaneously via Marriott's investor relations website. Those wishing to access the call on the web should log on to and select the link for the second quarter earnings call under "Recent and Upcoming Events." A replay will be available at that same website for one year. A transcript of the call will also be available on the company's website. The telephone dial-in number for the conference call is US Toll Free: 800-274-8461, or Global: +1 203-518-9814. Please use conference ID MAR2Q25 when dialing into the call. To help ensure you do not miss any of the conference call, please dial in or link to the call on the webcast 15 minutes prior to the scheduled start time. News media will be able to access the conference call in a listen-only mode. A telephone replay of the conference call will be available from 1:00 p.m. (ET), Tuesday, August 5, 2025, until 8:00 p.m. (ET), Tuesday, August 12, 2025. To access the replay, call US Toll Free: 800-723-0389 or Global: +1 402-220-2647 using conference ID MAR2Q25. ABOUT MARRIOTT INTERNATIONAL Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at and for the latest company news, visit In addition, connect with us on Facebook and @MarriottIntl on X and Instagram. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at or Marriott's news center website at which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only. IRPR#1 View original content: SOURCE Marriott International, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
&w=3840&q=100)
Business Standard
08-07-2025
- Business
- Business Standard
Ventive, Marriott expand partnership to add 6 new hotels in India by 2030
The hospitality division of Panchshil Realty, Ventive Hospitality, on Tuesday announced the expansion of its partnership with international hospitality chain Marriott to build six new hotels in India by 2030. The Blackstone-backed company, which listed on the bourses in December last year, is signing management contracts for upper upscale and upscale hotels in Varanasi in Uttar Pradesh, Mundra in Gujarat, and Pune and Navi Mumbai in Maharashtra. This will add over 1,400 branded rooms to the country. According to hospitality consultancy firms Hotelivate and Horwath, the branded hotel room count in India is expected to grow to 300,000 by 2030. Two of these hotels—the 161-room Varanasi Marriott Hotel and the 200-room Courtyard by Marriott at Mundra—are being developed by Ventive Hospitality and its subsidiaries. Meanwhile, the proposed 450-room JW Marriott and the 200-room Moxy in Navi Mumbai, as well as the 264-room Moxy Wakad and 200-room Moxy Kharadi in Pune, are being developed by the promoter group companies on Right of First Offer (ROFO). The American hospitality chain currently operates over 155 hotels and more than 29,000 rooms across more than 40 Indian cities. Earlier this year, Anthony Capuano, President and CEO of Marriott International, had stated that he expects India to become Marriott's third-largest market within five years, as the country's travel and hospitality sector continues to witness strong growth. "We will continue the momentum we enjoy in the upper, upscale, and luxury segments. We will also look at the lower end of the chain scales and create more opportunities for the value-conscious inbound international traveller and the domestic traveller," he had added. "We're excited to begin FY2026 on a strong note, particularly as it is our first financial year post-listing. This partnership not only strengthens our two-decade-long relationship with Marriott International but also marks a pivotal moment in our journey to redefine India's hospitality sector," said Atul Chordia, Chairman and Executive Director of Ventive Hospitality, in a release. "By leveraging Marriott's global expertise and our deep real estate knowledge, we aim to create distinctive destinations that elevate guest experiences for both business and leisure travelers, driving growth in the luxury and upper-upscale segments and expanding our footprint beyond Pune, Bengaluru, and the Maldives. This collaboration underscores our commitment to aggressive growth while maintaining prudent leverage," he added.
&w=3840&q=100)
Business Standard
08-07-2025
- Business
- Business Standard
Ventive and Marriott expand partnership to add 6 new hotels by 2030
Ventive Hospitality and Marriott International expand their partnership to develop six hotels in India by 2030, adding more than 1,400 rooms across key cities Akshara Srivastava New Delhi The hospitality division of Panchshil Realty, Ventive Hospitality, on Tuesday announced the expansion of its partnership with international hospitality chain Marriott to build six new hotels in India by 2030. The Blackstone-backed company, which listed on the bourses in December last year, is signing management contracts for upper upscale and upscale hotels in Varanasi in Uttar Pradesh, Mundra in Gujarat, and Pune and Navi Mumbai in Maharashtra. This will add over 1,400 branded rooms to the country. According to hospitality consultancy firms Hotelivate and Horwath, the branded hotel room count in India is expected to grow to 300,000 by 2030. Two of these hotels—the 161-room Varanasi Marriott Hotel and the 200-room Courtyard by Marriott at Mundra—are being developed by Ventive Hospitality and its subsidiaries. Meanwhile, the proposed 450-room JW Marriott and the 200-room Moxy in Navi Mumbai, as well as the 264-room Moxy Wakad and 200-room Moxy Kharadi in Pune, are being developed by the promoter group companies on Right of First Offer (ROFO). The American hospitality chain currently operates over 155 hotels and more than 29,000 rooms across more than 40 Indian cities. Earlier this year, Anthony Capuano, President and CEO of Marriott International, had stated that he expects India to become Marriott's third-largest market within five years, as the country's travel and hospitality sector continues to witness strong growth. "We will continue the momentum we enjoy in the upper, upscale, and luxury segments. We will also look at the lower end of the chain scales and create more opportunities for the value-conscious inbound international traveller and the domestic traveller," he had added. "We're excited to begin FY2026 on a strong note, particularly as it is our first financial year post-listing. This partnership not only strengthens our two-decade-long relationship with Marriott International but also marks a pivotal moment in our journey to redefine India's hospitality sector," said Atul Chordia, Chairman and Executive Director of Ventive Hospitality, in a release. "By leveraging Marriott's global expertise and our deep real estate knowledge, we aim to create distinctive destinations that elevate guest experiences for both business and leisure travelers, driving growth in the luxury and upper-upscale segments and expanding our footprint beyond Pune, Bengaluru, and the Maldives. This collaboration underscores our commitment to aggressive growth while maintaining prudent leverage," he added.
Yahoo
17-06-2025
- Business
- Yahoo
Marriott CEO on summer travel demand: We haven't seen any softness
Marriott's (MAR) business isn't succumbing to a cooler economy — yet. "Today, am I seeing any of the softness that you described? No, but ... we've got to be transparent," Marriott CEO Anthony Capuano told Yahoo Finance at the Cannes Lions International Festival of Creativity on Tuesday. "That could change given how short that booking window [is]." He added that group bookings were the strongest segment in the first quarter, and the company has the most visibility into that business because rooms are typically reserved far in advance. Business and leisure travel, on the other hand, are more prone to change as the lead times for booking are usually three weeks. Capuano said the international market remains an area of growth. The company is seeing double-digit RevPAR (revenue per available room) growth in Asia Pacific (excluding China). Meanwhile, southern Europe is projected to have strong leisure summer travel, and many markets in the Middle East remain strong despite conflicts. However, Marriott's first quarter performance and outlook added some fuel to the fire on concerns that a slowing US economy was beginning to spill over to the hotel industry. The purveyor of the Ritz-Carlton and J.W. Marriott brands cut its closely watched RevPAR metric when it reported earnings in early May. It projected full-year RevPAR growth of 1.5% to 3.5%, compared to the 2% to 4% it forecast previously. Read more: Here's how much Marriott points are actually worth (and what you can do with them) In the first quarter, global RevPAR rose 4% year over year, cooling from the 5% growth it clocked in Q4. RevPAR in the US and Canada rose over 3%, versus over 4% in the fourth quarter. Marriott reiterated its full-year earnings per share (EPS) outlook of $9.82 to $10.19. Over the past 30 days, Yahoo Finance data shows sell-side analysts have largely maintained their full-year EPS projection on Marriott at $10.08. Marriott shares are down about 7% in the past month as economic concerns build. Hilton (HLT) and Hyatt (H) are down 3% and 4%, respectively. "Economic indicators such as unemployment, business confidence and consumer confidence all reflect a stable outlook," lodging industry research firm STR wrote in a new note. "Slowing TSA screenings are a concern; however this may be a function of travelers shifting to car travel and slowing outbound international travel due to the falling U.S. dollar." STR expects a slower summer season for the hotel industry, citing weakening booking trends already for July and August. The firm blames fewer blockbuster events compared to last year, such as the Olympics, Taylor Swift's Eras Tour, and the EURO 2024. But the economy and Trump administration policies look to be a headwind too. "The falling U.S. dollar may slow the flood of Americans traveling overseas and U.S. immigration policies could possibly deter some foreign-born U.S. citizens, representing around 16% of the U.S. population, from traveling abroad," STR researchers wrote. Read more from Yahoo Finance's coverage of the Cannes Lions International Festival of Creativity Time CEO on embracing AI: It's better to have a seat at the table X CEO Linda Yaccarino rejects claims of advertiser pressure, touts X Money, other progress under Musk Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
