Marriott to spend $500 million on women-owned businesses in 2019
In 2015, the company had announced plans to reach this milestone by 2020
Marriott International has announced plans to spend $500 million on women owned businesses for goods and services in 2019.
The figure, which includes spending at Marriott International’s managed hotels and at corporate, is a double of the group’s annual spend with women-owned businesses four years ago.
In 2015, the company had announced plans to reach this milestone by 2020.
“We are incredibly proud to reach our goal of spending $500 million with women-owned businesses and to accomplish it one year earlier than we initially projected,” said Arne Sorenson, president and chief executive officer of Marriott International.
He added, “A diversified supply chain is important to us as a company because it reflects our culture of empowering people through opportunity. But these women-owned businesses aren’t just supporting Marriott. They are contributing to the overall economy by creating jobs, renting commercial space, innovating new product lines and serving as business and civic leaders. Their success is a win for everyone.”
Marriott supports women-owned businesses across the world, including businesses in China that supply its hotels with slippers, coffee and banqueting furniture; businesses in India that provide fragrances, cold press juices and linens, and businesses in the US that provide responsible seafood, artwork for guestrooms and lobbies, and tortillas.
Earlier this year, the group pledged to spend an additional $100 million over and above current spending levels over the next three years with women-owned businesses worldwide.