The lodging industry is dominated by two iconic players: Marriott and Hilton. But only one of them has board-lebel family involvement to this very day: Marriott. Founded in 1927 by J. Willard Marriott, Marriott has grown into a global hotel colossus sporting 36 different brands, more than 9,000 locations globally and about 1.6 million rooms. Despite competition from newcomers in lodging such as AirBNB, Marriott continues to open new locations at rapid clip and innovate on the digital front. Sitting on that aforementioned board of directors from the Marriott family: the daughter of chairman emeritus J.W. Marriott, Jr. Deborah Marriott Harrison; J.W. Marriott, Jr. and new chairman, the son of J.W. Marriott, David Marriott. Yahoo Finance executive editor Brian Sozzi talks at length with Marriott chairman David Marriott. Marriott shares his vision for the family business, and how he will put his stamp on the iconic lodging company as chairman.

Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:00-David Marriott joins Opening Bid

01:30-Starting at the bottom, washing dishes

08:30-Surrounding yourself with smarter people

16:40-Looking ahead: the next 50 years of company growth

20:30-Why Marriott is looking at China and India

Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.

David S. Marriott is Chairman of the Board of Marriott International, Inc., the third chairman of the board in the company's 97-year history. Host Brian Sozzi personally loves David's Linkedin posts.

Learn more about your ad choices. Visit megaphone.fm/adchoices