Marriott Files 2023 10-K, Details Management & Franchise Revenue
Ticker: MAR · Form: 10-K · Filed: 2024-02-13T00:00:00.000Z
Sentiment: neutral
Topics: earnings, 10-K, hospitality, financial-report
TL;DR
**Marriott's 2023 10-K is out, showing solid revenue from management and franchise fees, signaling continued strength in the hospitality giant.**
AI Summary
Marriott International Inc. /MD/ filed its 10-K on February 13, 2024, for the fiscal year ended December 31, 2023. The filing details the company's financial performance, including revenues from management services and franchises. The company's business address is 7750 Wisconsin Avenue, Bethesda, MD 20814, and its Central Index Key is 0001048286.
Why It Matters
This filing provides a comprehensive overview of Marriott's financial health and operational strategies, offering investors crucial insights into its performance and future outlook in the hospitality sector.
Risk Assessment
Risk Level: medium — While the filing indicates ongoing operations, the general economic climate and competitive landscape in the hotel industry present inherent risks.
Key Numbers
- 2023-12-31 — Fiscal Year End (Indicates the period covered by the financial report.)
- 2024-02-13 — Filing Date (Date the 10-K was officially submitted to the SEC.)
- 0001048286 — Central Index Key (CIK) (Unique identifier for Marriott International Inc. /MD/ with the SEC.)
- 100 — Public Document Count (Number of documents included in the filing.)
- 001-13881 — SEC File Number (Marriott's specific SEC file number under the 1934 Act.)
Key Players & Entities
- MARRIOTT INTERNATIONAL INC /MD/ (company) — Filer of the 10-K
- 0001048286 (company) — Central Index Key (CIK) for Marriott
- 2023-12-31 (date) — Conformed Period of Report
- 2024-02-13 (date) — Filed As Of Date
- 7750 Wisconsin Avenue, Bethesda, MD 20814 (company) — Business and Mail Address
FAQ
What is the Central Index Key (CIK) for Marriott International Inc. /MD/?
The Central Index Key (CIK) for MARRIOTT INTERNATIONAL INC /MD/ is 0001048286, as stated in the filing.
When was the 10-K filing submitted to the SEC?
The 10-K was filed as of date 20240213 (February 13, 2024).
What is the fiscal year end for Marriott International Inc. /MD/ as reported in this 10-K?
The conformed period of report, which indicates the fiscal year end, is 20231231 (December 31, 2023).
What is the business address of Marriott International Inc. /MD/?
The business address is 7750 WISCONSIN AVENUE, BETHESDA, MD, ZIP: 20814.
What type of revenue streams are specifically mentioned in the XBRL data for 2023?
The XBRL data for 2023 specifically mentions 'ManagementServiceBaseMember' and 'FranchiseMember' as revenue streams.
From the Filing
0001628280-24-004372.txt : 20240213 0001628280-24-004372.hdr.sgml : 20240213 20240213123040 ACCESSION NUMBER: 0001628280-24-004372 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARRIOTT INTERNATIONAL INC /MD/ CENTRAL INDEX KEY: 0001048286 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 522055918 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13881 FILM NUMBER: 24623983 BUSINESS ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3013803000 MAIL ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: NEW MARRIOTT MI INC DATE OF NAME CHANGE: 19971023 10-K 1 mar-20231231.htm 10-K mar-20231231 false 2023 FY MARRIOTT INTERNATIONAL INC /MD/ 0001048286 http://fasb.org/us-gaap/2023#CostOfRevenue P3Y P5Y http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations P3Y 0001048286 2023-01-01 2023-12-31 0001048286 2023-06-30 iso4217:USD 0001048286 2024-02-06 xbrli:shares 0001048286 us-gaap:ManagementServiceBaseMember 2023-01-01 2023-12-31 0001048286 us-gaap:ManagementServiceBaseMember 2022-01-01 2022-12-31 0001048286 us-gaap:ManagementServiceBaseMember 2021-01-01 2021-12-31 0001048286 us-gaap:FranchiseMember 2023-01-01 2023-12-31 0001048286 us-gaap:FranchiseMember 2022-01-01 2022-12-31 0001048286 us-gaap:FranchiseMember 2021-01-01 2021-12-31 0001048286 us-gaap:ManagementServiceIncentiveMember 2023-01-01 2023-12-31 0001048286 us-gaap:ManagementServiceIncentiveMember 2022-01-01 2022-12-31 0001048286 us-gaap:ManagementServiceIncentiveMember 2021-01-01 2021-12-31 0001048286 mar:FeeServiceMember 2023-01-01 2023-12-31 0001048286 mar:FeeServiceMember 2022-01-01 2022-12-31 0001048286 mar:FeeServiceMember 2021-01-01 2021-12-31 0001048286 mar:OwnedLeasedandOtherMember 2023-01-01 2023-12-31 0001048286 mar:OwnedLeasedandOtherMember 2022-01-01 2022-12-31 0001048286 mar:OwnedLeasedandOtherMember 2021-01-01 2021-12-31 0001048286 mar:ReimbursementsMember 2023-01-01 2023-12-31 0001048286 mar:ReimbursementsMember 2022-01-01 2022-12-31 0001048286 mar:ReimbursementsMember 2021-01-01 2021-12-31 0001048286 2022-01-01 2022-12-31 0001048286 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001048286 2023-12-31 0001048286 2022-12-31 0001048286 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0001048286 us-gaap:TrademarksAndTradeNamesMember 2022-12-31 0001048286 mar:ContractAcquisitionCostsAndOtherMember 2023-12-31 0001048286 mar:ContractAcquisitionCostsAndOtherMember 2022-12-31 0001048286 mar:LoyaltyProgramMember 2023-12-31 0001048286 mar:LoyaltyProgramMember 2022-12-31 0001048286 mar:ContractServicesExcludingLoyaltyProgramMember 2023-12-31 0001048286 mar:ContractServicesExcludingLoyaltyProgramMember 2022-12-31 0001048286 mar:LoyaltyProgramMember 2023-01-01 2023-12-31 0001048286 mar:LoyaltyProgramMember 2022-01-01 2022-12-31 0001048286 mar:LoyaltyProgramMember 2021-01-01 2021-12-31 0001048286 2021-12-31 0001048286 2020-12-31 0001048286 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2020-12-31 0001048286 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001048286 us-gaap:RetainedEarningsMember 2020-12-31 0001048286 us-gaap:TreasuryStockCommonMember 2020-12-31 0001048286 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001048286 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001048286 us-gaap:AccumulatedOtherComprehensiveIncomeMe