Effective April 2005, corporations whose business travelers pay with eligible MasterCard(R) Corporate Cards will, for the first time, receive line item expense data for stays at approximately 1,500 Marriott-branded hotels in the United States and Canada, including JW Marriott Hotels & Resorts, Marriott Hotels & Resorts, Renaissance Hotels & Resorts, Courtyard by Marriott, Residence Inn and Marriott Conference Centers.
“Providing enhanced hotel folio data serves the bottom-line, expense management needs of our financial institutions' corporate customers”
With the MasterCard enhanced hotel folio data program, corporations have access to room, tax, meal, telephone and business center fees, among other itemized expense details. The transactions are presented back to the corporation electronically and on its monthly invoice, streamlining expense analysis, management reporting and the accounts payable process.
"Providing enhanced hotel folio data serves the bottom-line, expense management needs of our financial institutions' corporate customers," said Steve L. Abrams, senior vice president, Corporate Payment Solutions, MasterCard International. "With the addition of 1,500 of Marriott's properties to the MasterCard portfolio of enabled hoteliers, corporations will find it easier than ever to manage MasterCard corporate card spending, ensure T&E policy compliance and integrate expense reporting with their existing accounting systems."
"Marriott is committed to delivering the highest quality product and service to our customers," said David Townshend, senior vice president, Marriott International Global Sales Organization. "Therefore, rather than adapt an existing system, we've invested in a purpose-built technological solution that is designed to deliver complete, accurate and timely transmissions. We're excited to join MasterCard in providing this offering through their enhanced hotel folio program."
MasterCard corporate card issuers including Citibank, GE's Corporate Payment Services unit, JPMorgan Chase and Wells Fargo will be the first to offer the Marriott enhanced folio data service to their customers.
About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard(R), Maestro(R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless(R) advertising campaign is now seen in 97 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.
About Marriott International
MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading lodging company with over 2,600 lodging properties in the United States and 65 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites, and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., and has approximately 133,000 employees. It is ranked as the lodging industry's most admired company and one of the best places to work for by Fortune(R) magazine. In fiscal year 2004, Marriott International reported sales from continuing operations of $10 billion. For more information or reservations, please visit our web site at www.marriott.com.
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