Marriott International Recognized Again as One of the World's Most Admired Companies

Marriott International: A Leader in Hospitality

Marriott International has once again claimed its position in Fortune's list of the World's Most Admired Companies, a testament to its unwavering commitment to excellence and strong corporate culture. The prestigious ranking includes notable companies from various industries, with Marriott securing the top spot in the Hotels, Casinos, and Resorts category, and an impressive 14th overall. This recognition follows Marriott's longstanding presence on the list since its inception in 1998, highlighting its consistent performance and esteemed reputation in the hospitality sector.

A Culture of Excellence

Anthony Capuano, the company's President and CEO, expressed pride in this recognition, attributing it to the hard work and dedication of Marriott’s associates. He emphasized how the company’s enduring culture has been pivotal in creating a welcoming environment for guests while allowing team members to thrive in their roles. Marriott has built a corporate ethos that prioritizes people, excellence, and integrity—essential values that have fostered loyalty among both customers and employees.

Marriott’s commitment to community engagement is also noteworthy. As part of its corporate social responsibility initiatives, the company announced that it had surpassed its original goal of 15 million volunteer hours, set in 2016, well ahead of its deadline. Marriott aims to contribute an additional 15 million hours of volunteer service by 2030, significantly increasing its target to about 3 million hours per year. This commitment underlines Marriott's desire to make a tangible difference in communities around the world and demonstrates the company's proactive approach to societal responsibility.

Innovative Programs Enhancing Employee Value

In addition to its community service efforts, Marriott has launched innovative programs like the Elevate initiative, which focuses on frontline associates' career advancements. The program offers flexible, tech-enabled learning opportunities designed around the real career journeys of its employees. Participation in Elevate has resulted in a 25% higher retention rate and a promotion rate that is 5.5 times greater than those who do not participate. This program showcases how Marriott is dedicated to investing in its workforce, ensuring that employees feel valued and empowered.

Looking Ahead

As Marriott International approaches its 100th anniversary in 2027, the company is well-positioned to continue its legacy as a leader in the hospitality industry. With a portfolio that includes over 9,700 properties worldwide and more than 30 leading brands across 143 countries, Marriott’s extensive reach and commitment to service excellence make it a trendsetter in the market.

The company’s focus on putting people first, embracing change, and maintaining integrity will undoubtedly be key drivers of its ongoing success.

In conclusion, Marriott International stands as a beacon in the hospitality industry, combining exceptional service and innovative programs. The recognition from Fortune reinforces that the company's efforts transcend traditional expectations, marking it as a cherished brand among travelers and a trusted employer for countless individuals. Marriott continues to set benchmarks of quality and care, ensuring its legacy endures for generations to come. For more information about Marriott International, visit www.marriott.com.