Marriott Adds 5 Million Bonvoy Members in First 3 Months of 2019
Marriott Rewards, Ritz-Carlton Rewards and Starwood Preferred Guest had a combined 110 million members before the programs were integrated in the second half of 2018. Now, the new Marriott Bonvoy program counts 130,000,000 among its ranks, as it grows alongside competitor programs, such as Hilton Honors, which added 14 million new members in 2018.
"We continue to build our company for the future," Marriott CEO Arne Sorenson stated in a press release. "In the first quarter, we opened our 7,000th property, the 27-story St. Regis Hong Kong. Year-over-year gross room openings accelerated to nearly 19,000 rooms, a first quarter record. Our development pipeline totaled approximately 475,000 rooms at quarter-end, nearly 3 percent higher than a year ago. Marriott Bonvoy membership rose by 5 million to reach nearly 130 million members."
Sorenson also highlights that the company "opened" nearly 19,000 rooms, but you'll need to dig a bit to see any mention of hotels that have left the chain following the merger, such as the W Beijing Chang'an and a handful of others. The addition Sorenson does call out, the St. Regis Hong Kong, is truly spectacular, though.
In total, Marriott added 114 new hotels around the world, with a total of 18,842 rooms, all in the first quarter of 2019 — that more than makes up for the 15 properties (2,693 rooms) that have left the chain. Over 40% of the these room additions were in international markets, despite the fact that just a third of the chain's worldwide inventory of rooms are outside of North America. Marriott also hit a notable milestone, with a total of 7,003 active hotels and timeshare resorts by the end of the quarter, for a grand total of 1,333,000 rooms.
We can expect the chain to continue to grow over the next few years, as Marriott works to develop 2,853 new properties, which — when complete — will add another 475,000 rooms. By the end of 2019, the company expects to boost available rooms by roughly 5.5%, while properties leaving the portfolio could account for a 1% to 1.5% drop in inventory.
It's also worth noting year-over-year occupancy rate changes, as properties in North America saw a 0.8% drop in occupancy in Q1 compared to the first quarter of 2018, while international locations saw a 1.1% increase. This translated to an overall drop of 0.3% across the worldwide portfolio.
For comparison's sake, Marriott's closest competitor (Hilton) currently has a total of just over 923,000 rooms across its worldwide portfolio, roughly 70% the size of Marriott. Hilton added 12,100 rooms in the first quarter of 2019 and currently has 371,000 rooms in its development pipeline as of March 31, 2019, both of which are roughly equivalent to the rate at which Marriott is adding room inventory. However, Hilton did see its systemwide occupancy rates increase by 0.5% in Q1 compared to the same time period last year.
For more on Marriott Bonvoy, see:
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The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
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- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month

