Fortune magazine named Marriott International, Inc. (NYSE:MAR) the most admired company in the lodging industry. Marriott’s No. 1 ranking, which the company has held since 2000, is the result of a poll of 10,000 executives, analysts and directors who judged companies based on “innovativeness, employee talent, use of assets, social responsibility, quality of management, financial soundness, long-term value and quality of products/services.”
Fortune’s rankings also show that Marriott ranked in the top 40 of the 587 companies included in the survey.
Marriott currently operates and franchises nearly 2,600 hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names. Marriott also develops and operates vacation ownership resorts under the Marriott Vacation Club, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; and provides furnished corporate housing through its Marriott ExecuStay division. Marriott International employs approximately 144,000 employees.
J.W. Marriott, Jr., Marriott International’s chairman and chief executive officer, said, “We are honored and gratified that the nation’s business leaders have ranked Marriott as the most admired lodging company, and have also placed us among the forty most admired companies in America. We believe that our success stems from the soundness of our business model, which is built around service, our propensity for growth, our strong brand portfolio that provides outstanding value, and a culture that celebrates change and values responsiveness.”
Other recent awards recognizing Marriott as an excellent company include:
Fortune Magazine - Recognized Marriott as one of the 100 best companies to work for in America and named Marriott one of the “Top 50 Companies for Minorities.”
Working Mother Magazine - Ranked Marriott one of the “Best Companies for Working Mothers” for the 12th consecutive year.
Latina Style Magazine - Named Marriott one of “The 50 Best Companies for Latinas to Work in the U.S.”
Business Ethics - “100 Best Corporate Citizens”
National Black MBA Association - “Corporation of the Year”