AllAnalyst Report
logoMorningstarMarch 16, 2023

Marriott International, Inc.: Marriott's Brand Intangible Asset Strengthening Along With Continued Demand for Travel

Symbols
MAR
Sector(s)
Consumer Cyclical
Rating
Current Price
$241.94
Fair Value
Economic Moat
Stewardship
Summary

Marriott operates more than 1.5 million rooms across roughly 30 brands. At the end of 2021, luxury represented 10% of total rooms, while full service, limited service, and time-shares were 42%, 47%, and 1% of all units, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 97% of total rooms. North America ma

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Analyst Profile

Dan Wasiolek

Senior Equity Analyst
Dan Wasiolek is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers gaming, lodging, and online travel.Before joining Morningstar in 2014, Wasiolek spent 16 years as an analyst and portfolio manager covering U.S. mid- and large-cap strategies for Driehaus Capital Management.Wasiolek holds a bachelor’s degree in business administration from Illinois Wesleyan University and a master’s degree in business administration, with a concentration in finance, from the DePaul University Kellstadt School of Business.