Marriott Forms Long-Term Licensing Agreement With Sonder
🏨 Marriott International announced a partnership with Sonder Holdings Inc. to add over 9,000 rooms to its portfolio by the end of 2024, with an additional 1,500 rooms in the pipeline, under "Sonder by Marriott Bonvoy" collection. This deal is expected to achieve Marriott's net rooms growth of 6-6.5% for the full year of 2024. Sonder, founded in 2014, operates in North America, Europe, and the Middle East, catering to longer stays. Integration with Marriott’s digital platforms is planned for 2025, offering Bonvoy members the ability to earn and redeem points at around 200 properties.
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