Marriott International (NASDAQ: MAR) today appear it accomplished new agreements with JPMorgan Chase and American Accurate for its U.S.-issued, co-brand acclaim cards associated with its adherence programs. These multi-year agreements will extend Marriott’s accord with both agenda issuers and awning the Marriott Rewards and Ritz-Carlton Rewards Visa acclaim cards from JPMorgan Chase, and the Starwood Preferred Guest (SPG) acclaim cards from American Express.
“Marriott’s co-brand acclaim cards accept been a allusive contributor to the success of Marriott’s adherence programs and a assurance of the amazing amount of our portfolio of brands,” said Arne Sorenson, Marriott International’s President and Chief Executive Officer. “We are admiring to accompany calm the ability of JPMorgan Chase and American Accurate with our all-around portfolio of brands to abide to accommodate consumers with choices. We apprehend our adherence affairs members, owners and franchisees, and our shareholders will see cogent incremental allowances from these new agreements.”
Marriott expects to acquaint new, co-brand articles starting in 2018 with added affiliate allowances – super-premium customer and baby business co-branded articles from American Accurate and accumulation customer and exceptional customer co-branded articles from JPMorgan Chase. Additional capacity on the approaching articles will be aggregate in 2018. In the meantime, both companies will absorb their absolute portfolio of accounts and abide to action their accepted products.
“We are aflame to body on our abiding affiliation with Marriott and attending advanced to continuing to serve our alternate barter with the articles and adventures they love,” said Jennifer Piepszak, CEO of Chase Agenda Services. “Together, we additionally plan to advance in new accumulation and exceptional customer articles that will accompany best and array to the marketplace, forth with the abyss and across of Marriott International’s portfolio of brands.”
“The American Accurate accord with Marriott dates aback added than sixty years and we are admiring to abide an important basic of our partnership,” said Glenda McNeal, President, Strategic Partnerships at American Express. “We’ll abide to accommodate our Starwood Preferred Guest Agenda Associates with the award-winning benefits, casework and adventures they accept appear to adore on their absolute product, while architecture our portfolio aural the ancestors of Marriott brands to serve flush travelers and baby businesses.”
For now, there will be no changes to Marriott’s absolute co-brand cards for members. Associates application the Marriott Rewards and The Ritz-Carlton Rewards Visa acclaim cards from JPMorgan Chase, as able-bodied as the Starwood Preferred Guest acclaim cards from American Accurate will abide to acquire and redeem credibility as usual. SPG associates in the U.S. can acquire two Starpoints® for every acceptable dollar spent application the Starwood Preferred Guest acclaim cards by American Accurate anon at hotels accommodating in SPG and Marriott Rewards globally. In addition, Marriott Rewards and The Ritz-Carlton Rewards associates in the U.S. can acquire bristles Rewards credibility for every acceptable dollar spent application the JPMorgan Chase Marriott Rewards and The Ritz-Carlton Rewards Visa acclaim cards on condoning purchases fabricated at accommodating all-around Marriott Rewards and SPG properties.
These acclaim agenda agreements are the latest archetype of the cogent economies of calibration and aggressive advantage that are consistent from Marriott’s accretion of Starwood Hotels & Resorts. In backward 2018, Marriott expects to barrage a distinct technology belvedere for Marriott Rewards, which includes The Ritz-Carlton Rewards, and SPG. This should accredit the aggregation to synch the technology-dependent apparatus of anniversary program, added abbreviation costs. The new technology belvedere will additionally booty Marriott one footfall afterpiece to the ambition of accepting a distinct adherence affairs for the company’s 100 actor associates in the accepted Rewards and SPG adherence programs.
Note on Advanced Looking Statements:This columnist absolution contains “forward-looking statements” aural the acceptation of federal balance laws, including our apprehension that we will both advertise new co-branded articles with added allowances and barrage a distinct technology belvedere for our adherence programs in 2018, and agnate statements about advancing approaching contest and expectations that are not absolute facts. We attention you that these statements are not guarantees of approaching achievement and are accountable to abundant risks and uncertainties, including those we analyze beneath and added accident factors that we analyze in our best contempo annual address on Form 10-Q. Risks that could affect advanced statements in this columnist absolution accommodate extensive acceding with our timeshare business ally on the agreement of account enhancements and the abstruse difficulties and costs inherent in developing and implementing new technology. Any of these factors could account absolute after-effects to alter materially from the expectations we accurate or betoken in this columnist release. We accomplish these advanced statements as of the date of this columnist release. We undertake no obligation to about amend or alter any advanced statement, whether as a aftereffect of new information, approaching contest or otherwise.
About Marriott International, Inc.Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of added than 6,400 backdrop in 30 arch auberge brands spanning 126 countries and territories. Marriott operates and franchises hotels and licenses vacation buying resorts all about the world. The aggregation additionally operates award-winning adherence programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For added information, amuse appointment our website at www.marriott.com, and for the latest aggregation news, visit www.marriottnewscenter.com. In addition, affix with us on Facebook and @MarriottIntl on Twitter and Instagram.
Media contacts:Connie KimMarriott [email protected]
Maria MartinezChase Agenda [email protected]
Andrew JohnsonAmerican [email protected]
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