Marriott International
19 named things its latest annual report says its results depend on, each in the company's own words. 10 of them are also named by other companies we've read.
Partners and platforms
American Express
earns fromIn the U.S., we have multi-year agreements with JPMorgan Chase and American Express.Business (Item 1)
JPMorgan Chase
earns fromIn the U.S., we have multi-year agreements with JPMorgan Chase and American Express.Business (Item 1)
Marriott Vacations Worldwide Corporation (MVW)
earns fromFor our timeshare properties, we receive royalty fees under license agreements with Marriott Vacations Worldwide Corporation and its affiliates (collectively, “MVW”) for certain brands.Business (Item 1)
MGM Collection with Marriott Bonvoy
earns fromWe also have license and other agreements with third parties for certain offerings, such as for our timeshare properties, MGM Collection with Marriott Bonvoy, Design Hotels, and The Ritz-Carlton Yacht Collection, pursuant to which we receive royalty and certain other fees.Business (Item 1)
Other companies
Labor unions
approximately 19,000named as a riskApproximately 115,000 of the associates employed by Marriott are located in the U.S., of which approximately 19,000 belong to labor unions.Business (Item 1)
Also named by ECG, EME, HCA, JLL, LUV, NSC, NYT, SGI and 2 more
Starwood Data Security Incident
named as a riskAs a result of the data security incident involving unauthorized access to the Starwood Hotels & Resorts Worldwide, LLC, formerly known as Starwood Hotels & Resorts Worldwide, Inc. (“Starwood”), reservations database that we disclosed in November 2018 (the “Data Security Incident”), numerous lawsuits and investigations were filed or initiated against us, as described further in Note 7, and we may become subject to additional actions related to the Data Security Incident.Risk factors (Item 1A)
Sonder Holdings Inc.
During 2025, we terminated our licensing agreement with Sonder Holdings Inc.Business (Item 1)
Competitors
Airbnb
competes withnamed as a riskWe encounter strong competition in the short-term lodging market from regional, national, and international chains that operate lodging properties or franchise their brands, lodging properties that are not affiliated with a chain, and online platforms, including Airbnb and Vrbo, that allow travelers to book short-term rentals of homes and apartments as an alternative to hotel rooms.Business (Item 1)
Booking.com
competes withnamed as a riskSome of our hotel rooms are booked through Internet travel intermediaries.Risk factors (Item 1A)
Expedia.com
competes withnamed as a riskSome of our hotel rooms are booked through Internet travel intermediaries.Risk factors (Item 1A)
Hilton
competes withAlthough we believe that our strong brand recognition assists us in attracting and retaining guests and hotel owners, we compete against many other companies with strong brands and guest appeal, including Hilton, IHG Hotels & Resorts, Hyatt, Wyndham Hotels & Resorts, Accor, Choice Hotels, Best Western Hotels & Resorts, and others.Business (Item 1)
Places
United States
concentrated in · approximately 17 percent share of the U.S. hotel marketBased on lodging industry data, we have an approximately 17 percent share of the U.S. hotel market and a four percent share of the hotel market outside the U.S. (based on number of rooms).Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Hazards
Hurricanes and typhoons
operates innamed as a riskNatural disasters, extreme weather, and other climate impacts and events (including rising sea levels, extreme hot or cold weather, hurricanes and typhoons, flooding, water shortages, fires, and droughts) have impacted, and continue to impact, hotels in our system, including by causing physical damage that prevents or limits the operations of the property or resulting in increases in insurance, energy or other operating costs.Risk factors (Item 1A)
Also named by HAL
Regulators
U.S. State Attorneys General
subject to · 49 U.S. states and the District of Columbianamed as a riskIn 2024, we reached final resolutions with the U.S. Federal Trade Commission (“FTC”) and the Attorney General offices from 49 U.S. states and the District of Columbia (the “AG Offices”) in relation to the Data Security Incident, which include, among other terms, various long-term requirements relating to our data privacy and information security programs.Risk factors (Item 1A)
U.S. Federal Trade Commission (FTC)
subject tonamed as a riskIn 2024, we reached final resolutions with the U.S. Federal Trade Commission (“FTC”) and the Attorney General offices from 49 U.S. states and the District of Columbia (the “AG Offices”) in relation to the Data Security Incident, which include, among other terms, various long-term requirements relating to our data privacy and information security programs.Risk factors (Item 1A)
Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more
Laws and programs
Marriott Bonvoy
earns from · approximately 75 percent of our U.S. hotel room nights and approximately 68 percent of our global hotel room nightsnamed as a riskIn 2025, approximately 75 percent of our U.S. hotel room nights and approximately 68 percent of our global hotel room nights were booked by Loyalty Program members.Business (Item 1)
Delaware business combination statute
subject to · 15 percentUnder the Delaware business combination statute, a stockholder holding 15 percent or more of our outstanding voting stock could not acquire us without our Board of Directors’ consent for at least three years after the date the stockholder first held 15 percent or more of the voting stock.Risk factors (Item 1A)
Credit card issuers and networks regulation
subject tonamed as a riskIn addition, to the extent that legislative or regulatory changes negatively impact credit card issuers or networks, we could also see material adverse effects on our business, financial condition, or results of operations, including reduced revenues from our co-branded credit card agreements and a range of adverse impacts to our Loyalty Program, such as reduced program funding.Risk factors (Item 1A)