Marriott officially launches home rental business

The initiative that started as a pilot project in 2018 will comprise 2,000 luxury and premium homes

Marriott international, Marriott Bonvoy, Home rentals

Hospitality group Marriott International is making an entry into the home rental, sharing market with their latest venture — Homes & Villas by Marriott International.

According to the group, this initiative comprises 2,000 premium and luxury homes across United States, Europe, the Caribbean and Latin America.

This service will also let its Marriott Bonvoy members earn and redeem points at these homes.

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The foray into home renting business started in 2018 as a pilot project under the brand Tribute Portfolio Homes. Since its inception, officials revealed that “average guest stay was more than triple the typical hotel stay”.

Talking about this shift into home rentals, Stephanie Linnartz, Global Chief Commercial Officer, Marriott International said, “What started out as a pilot a year ago is now a global offering, providing our guests with the space and amenities of a home backed by a trusted travel company, and the very best in loyalty benefits.”

A statement by the company revealed that 90 per cent of guests checking in last year were “Marriott Bonvoy members and over three quarters were families and friends travelling for leisure”.

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