Learn about Marriott Beginnings
The JW Marriott brand was established in 1984, with the opening of the first hotel in Washington, D.C. It was named as a tribute to J.W. Marriott, the founder of Marriott Corporation. In 1989, Hong Kong was the destination for the overseas launch. Europe and the Middle East followed in 1993. As a general guide within the Marriott hierarchy, the brand competes in luxury as below Ritz-Carlton, but above the traditional Marriott and Renaissance.
Learn Below How a 13 Year Old Made His $25 Billion Marriott Empire
Based on the CNBC Story
Learn How Marriott became the Biggest Hotel in the World
Marriott International has been a stalwart in the hotel industry for decades. However, the hotel giant — along with its competitors — was hit hard by the Covid-19 pandemic in 2020. Last year was the worst on record for U.S. hotels, and Marriott was particularly hard hit. The company posted in 2020 its first full-year loss in more than a decade. Despite those challenges, the rollout of vaccines and signs of pent-up travel demand has led to a renewed sense of optimism for the hotel operator. Learn all about Marriot in the below Video
