Marriott — status

Marriott Bonvoy, based in the United States, is a loyalty program offered by Marriott International, one of the largest hotel chains in the world. The program was launched in 2019, merging the existing Marriott Rewards, The Ritz-Carlton Rewards, and Starwood Preferred Guest programs. Marriott International, the parent company of Marriott Bonvoy, was founded in 1927 by J. Willard Marriott. It has its headquarters in Bethesda, Maryland, United States. Today, Marriott operates more than 7,500 properties worldwide, spanning across 132 countries and territories. The company's extensive portfolio includes luxury, premium, and select-service hotels as well as timeshare properties. Marriott Bonvoy offers a range of benefits to its members, including earning and redeeming points for free nights, room upgrades, airline miles, car rentals, and various travel experiences. Members can also enjoy exclusive perks such as late checkout, lounge access, and dedicated customer support. The program has different membership tiers, including Silver, Gold, Platinum, Titanium, and Ambassador Elite, each offering progressively enhanced benefits. On a global scale, Marriott Bonvoy has established notable joint ventures and partnerships. One significant partnership is with American Express, which offers co-branded credit cards that allow cardholders to earn bonus points and enjoy additional benefits. Additionally, Marriott has partnerships with airlines, car rental companies, and other travel providers, allowing members to earn and redeem points across a wide range of travel experiences. Marriott International holds a strong market position, consistently ranking as one of the largest hotel companies in the world. In terms of global sales, the company reported revenue of $10. 6 billion in 2020. It competes with other major hotel chains such as Hilton Worldwide Holdings, InterContinental Hotels Group, and AccorHotels. In recent years, Marriott has made several significant acquisitions and expansions to fuel its growth.