Marriott International operates nearly 9,500 properties with over 1.7 million rooms across more than 140 countries and territories. The company's business is geographically divided into U.S. & Canada, Europe, Middle East & Africa (EMEA), Greater China, and Asia Pacific excluding China (APEC). Its extensive brand portfolio includes luxury names like The Ritz-Carlton, St. Regis, and W Hotels, as well as premium and select-service brands such as Marriott Hotels, Sheraton, Courtyard, and Fairfield. Marriott employs an asset-light strategy, owning or leasing less than one percent of its lodging properties while focusing on management and franchise agreements. The company also operates Marriott Bonvoy, one of the travel industry's largest customer loyalty programs.