FORTUNE Names Marriott International as a World's Most Admired Company
Marriott Selected as the #1 Lodging Company
BETHESDA, Md., Feb. 19, 2016 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) for the 16th consecutive year was named one of the World's Most Admired Companies by FORTUNE magazine. The 2016 rankings, released today, lists Marriott as #29, up from #37 last year. Marriott also takes the top rankings in the hotels, casinos and resorts category.
Marriott ranked #1 for its industry segment in eight of FORTUNE's nine key attributes of reputation: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value and global competitiveness.
"We appreciate that FORTUNE has recognized our company and associates for the last 16 years," said Arne Sorenson, President and CEO, Marriott International. "This acknowledgment is a testament to our core values, our company culture and our ethical business practices. Our employees continue to demonstrate this commitment through the world-class service they deliver every day."
FORTUNE's 2016 list of World's Most Admired Companies is available on FORTUNE.com and will be featured in its March issue. FORTUNE's partner, the Hay Group, narrowed the ranking from 1,400 companies by using a specific criteria and surveying company leaders and securities analysts.
Marriott's corporate social responsibility initiatives have been previously acknowledged by Ethisphere Institute, FTSE4Good, The Keystone Center and Climate Counts. For a list of other awards and recognition, visit http://news.marriott.com/awards-and-recognition.html.
About the Survey Methodology
The Most Admired list is the definitive report card on corporate reputations. Fortune's survey partners at Hay Group started with approximately 1,400 companies: the Fortune 1,000—the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune's Global 500 database with revenues of $10 billion or more. Hay then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 668 companies from 29 countries. To create the 55 industry lists, Hay asked executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,400 properties in 87 countries and territories. Marriott International reported revenues of more than $14 billion in fiscal year 2015. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and Moxy Hotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together comprise nearly 55 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
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SOURCE Marriott International, Inc.