Marriott International, Inc. (NASDAQ:MAR) for the 16th consecutive year was named one of the World’s Most Admired Companies by FORTUNE magazine. The 2016 rankings, released today, lists Marriott as #29, up from #37 last year. Marriott also takes the top rankings in the hospitality category.
Marriott ranked #1 for its industry segment in eight of FORTUNE’s nine key attributes of reputation: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value and global competitiveness.
“We appreciate that FORTUNE has recognized our company and associates for the last 16 years,” said Arne Sorenson, President and CEO, Marriott International. This acknowledgment is a testament to our core values, our company culture and our ethical business practices. Our employees continue to demonstrate this commitment through the world-class service they deliver every day.”
FORTUNE’s 2016 list of World’s Most Admired Companies is available on FORTUNE.com and will be featured in its March issue. FORTUNE’s partner, the Korn Ferry Hay Group, narrowed the ranking from 1,400 companies by using a specific criteria and surveying company leaders and securities analysts.
Marriott’s corporate social responsibility initiatives have been previously acknowledged by Ethisphere Institute, FTSE4Good, The Keystone Center and Climate Counts. For a list of other awards and recognition, visit http://news.marriott.com/awards-and-recognition.html.
About the Survey Methodology
The Most Admired list is the definitive report card on corporate reputations. Fortune’s survey partners at Hay Group started with approximately 1,400 companies: the Fortune 1,000—the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune’s Global 500 database with revenues of $10 billion or more. Hay then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 668 companies from 29 countries. To create the 55 industry lists, Hay asked executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility. A company’s score must rank in the top half of its industry survey to be listed.