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Management Fees (USD Mil) of hospitality usually include the salary of managers. A lower management fee is better.
Marriott International's Management Fees (USD Mil) for the quarter that ended in Mar. 2024 was 1,210.00 , which lower from pervious quarter (Dec. 2023)'s result by 2.73%.
Marriott International's Management Fees (USD Mil) for the annual that ended in Dec. 2023 was 4,824.00 , which higher from pervious year (Dec. 2022)'s result by 18.29%.
The historical rank and industry rank for Marriott International's Management Fees (USD Mil) or its related term are showing as below:
The historical data trend for Marriott International's Management Fees (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Marriott International Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
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Marriott InternationalQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
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For the Lodging subindustry, Marriott International's Management Fees (USD Mil), along with its competitors' market caps and Management Fees (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marriott International (NAS:MAR) Management Fees (USD Mil) Explanation
Management Fees (USD Mil) are one of the major costs for hospitality businesses.
Base management fees should be set so that they compensate managers for their cost of doing business, including overhead and base salaries. This is compensation for showing up to work and thus, should not be a source of profit for management companies as it generally is now. Usually, base management fees are approximately 1.0% to 2.0% of total revenue for most hotels, depending on size, or a duly considered flat fee.
Since it is a cost, a lower management fee is better. However, we also need to measure its effectiveness. Management’s effectiveness is evidenced by two primary results: the ability to generate an appropriate share of top line revenue within the relevant competitive market (in other words, to produce the highest possible level of Revenue per Available Room (USD)); and to convert that revenue into as much sustainable cash flow available to the owner (net operating income, or NOI) as possible.
Thank you for viewing the detailed overview of Marriott International's Management Fees (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Capuano | officer: EVP - Lodging Development | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Felitia Lee | officer: Controller and CAO | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Rajeev Menon | officer: President, APEC | 7750 WISCONSIN AVE, BETHESDA MD 20814-3522 |
Deborah Marriott Harrison | other: 13D group owning more than 10% | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Kathleen K. Oberg | officer: CFO | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Juliana B. Marriott | other: 13D Group owning more than 10% | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Juliana B. Marriott Marital Trust | other: Member of a 10% Group | 6106 MACARTHER BOULEVARD, SUITE 110, BETHESDA MD 20816 |
David S Marriott | other: 13D group owning more than 10% | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Peggy Fang Roe | officer: EVP & Chf. Customer Officer | 100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814 |
Rena Hozore Reiss | officer: EVP & General Counsel | 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606 |
Drew Pinto | officer: EVP, Chf. Rev & Technology | 7750 WISCONSIN AVE, BETHESDA MD 20814-3522 |
William P Brown | officer: Pres. & Managing Dir., Europe | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Benjamin T. Breland | officer: EVP & Chief HR Officer | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Eric Hippeau | director | STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601 |
Grant Reid | director | 7750 WISCONSIN AVE, BETHESDA MD 20814-3522 |
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