Marriott International, Inc. has been given a neutral rating by UBS as it continues to strengthen its position in the hotel industry.

The company operates a wide range of hotels and residences, with a total of 1,513,926 rooms across various brands such as JW Marriott, The Ritz-Carlton, and Sheraton.

The majority of Marriott's revenue comes from the United States and Canada, accounting for 79.9% of net sales, while international operations contribute 20.1%.

The company's hotel structure consists of:

• 6,563 franchised hotels with 994,354 rooms
• 2,046 managed hotels with 575,963 rooms
• A smaller segment of owned and leased hotels, totaling 50 properties with 13,115 rooms

In addition, Marriott operates 113 residential hotels with 11,481 rooms.

The company is also expanding its presence in real estate development under its own brands, indicating a strategic move to diversify its business operations.