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Marriott will surpass one million rooms under contract in 2015
Marriott International said it forecasts over one million rooms open or under development by the close of 2015.
"In 2014 alone, Marriott signed agreements for more than 650 hotels and 100,000 rooms to be added to its worldwide system over the next few years, a signing pace of nearly two new hotel deals a day, " explained CEO Arne Sorenson.
Making a case for the economic benefits and job creation, Sorenson said: "Clearly efforts to grow, generate economic opportunity and encourage travel can pay big dividends, not just for companies involved, but for communities around the world."
"The growth in Marriott’s portfolio is truly a global trend, with strong expansion in the US and in many markets around the world."
Tony Capuano, Marriott’s executive vice president and chief development officer said the company had a busy year opening another 46,000 rooms in addition to the new agreements.
"When opened over the next few years, these new hotels will expand Marriott’s presence from 80 countries and territories today to more than 100," Capuano said.
The current pipeline will enable Marriott to more than double its portfolio in Asia Pacific and grow its presence in the Middle East and Africa by up to 75%, fuelled by last year’s acquisition of the Protea hospitality brand in Africa, the company said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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