Topic - Marriott Development Update

Marriott Development Update

Marriott International's Strong Conversion Activity Helps Drive Growth in the Caribbean and Latin America

According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels global trends, with a first quarter of healthy conversion activity, accounting for 29 percent of rooms signed and 25 percent of rooms opened by the company globally.

2023-07-20

---

Marriott Development Update

First 19 Development Projects Announced Under Marriott's Bridging the Gap Program

Initiative Designed to Increase Hotel Development and Ownership Among Historically Underrepresented Groups

2023-04-26

---

Marriott Development Update

Marriott to Open More Than 35 Luxury Hotels in 2023

From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc., today announced plans to introduce more than 35 luxury hotels in 2023.

2022-12-08

---

Marriott Development Update

Marriott International to Add of Over 20 Properties Across the Gulf Countries by the End of 2023

Anticipated Expansion Plans Include the Addition of More Than 5,000 Rooms and the First Ritz-Carlton Reserve in the Region

2022-09-22

---

Marriott Development Update

Marriott Adds a Record 86,000 Gross Rooms and 517 Properties in 2021

On the eve of the Americas Lodging Investment Summit (ALIS) in Los Angeles, Marriott International, Inc. (NASDAQ: MAR) announces a strong year of rooms growth and signings in 2021. The company also provides insight into major trends it sees currently impacting global hospitality development.

2022-01-20

---

Marriott Development Update

Marriott Signed 125,000 Rooms and Opened More Than 80,000 Rooms In 2018

Marriott International (NASDAQ: MAR) today announced record organic rooms signings in 2018, ending the year with a record global pipeline. In 2018, the company signed management and franchise agreements for 816 properties, comprised of 125,000 rooms, while opening nearly 500 properties comprised of more than 80,000 rooms around the world across its portfolio of 30 brands.

2019-01-22

---

---

Marriott Development Update

Marriott to Increase Its Middle East and Africa Portfolio by 50 Percent

Marriott International (NASDAQ: MAR) today announced ambitious growth plans for its Middle East and Africa region following signings for more than 30 properties and over 5,000 rooms in the last 12 months.

2018-04-11

---

Marriott Development Update

Marriott International Embarks on Global Independent Hotel Expansion

Post-Starwood acquisition, Marriott is poised to grow its collection brands by nearly 50% over the next three years

2017-06-05

---

Marriott Development Update

Marriott International Signs 880 New Hotel Deals Representing 136,000 Rooms In 2016

Marriott International (NASDAQ: MAR) announced that 2016 represented the strongest year of rooms growth in its history. Marriott opened a record 55,000 rooms in 2016, excluding the 381,000 rooms gained with the Starwood acquisition.

2017-01-23

---

Marriott Development Update

Marriott Plans to Open 60 New Hotels in the Caribbean and Latin America by 2018

Tim Sheldon, President of Caribbean and Latin America operations at Marriott International (NASDAQ: MAR), announced yesterdayan expected 75 percent increase in Marriott's Caribbean and Latin American distribution between 2015 and 2018 including a tripling of the company's presence in Brazil with the addition of 11 new hotels in that market.

2015-10-07

---