Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$104B
P/E ratio
42×
Div yield
0.7%
Revenue
$26.6B
Net income
$2.6B
Adj. EBITDA
$5.4B
Hotels
~9,660
Bonvoy members
~271M
In plain English
Marriott barely owns any of the ~9,600 hotels carrying its 30+ brands (Ritz-Carlton, Sheraton, Westin, Courtyard, St. Regis). It is an asset-light fee machine: independent owners and franchisees put up the buildings, Marriott runs or licenses the brand and books the guests through its ~271M-member Bonvoy loyalty programme, and skims management, franchise and loyalty fees off the top. Its scale was forged by the $13B Starwood takeover in 2016.
In simple terms
What Marriott International really sells
Marriott barely owns any of the ~9,600 hotels carrying its 30+ brands (Ritz-Carlton, Sheraton, Westin, Courtyard, St. Regis). It is an asset-light fee machine: independent owners and franchisees put up the buildings, Marriott runs or licenses the brand and books the guests through its ~271M-member Bonvoy loyalty programme, and skims management, franchise and loyalty fees off the top. Its scale was forged by the $13B Starwood takeover in 2016.
Tip · Click any company in the map to learn — in one sentence — what it actually does and why it matters.