- Marriott International (NASDAQ:MAR) announces that it opened a record 55K rooms in 2016. The figure doesn't include the 381K rooms gained through the Starwood acquisition.
- The combined company signed 880 new hotel deals, representing nearly 136K rooms and opened over 400 hotels with more than 68K rooms around the world.
- Marriott now operates or franchises over 6K hotels and nearly 1.2M rooms.
- "We achieved strong global growth across both established and emerging markets in 2016," says Global Chief Development Officer Tony Capuano.
- Marriott's North American pipeline accounted for a leading 36% of industry rooms under construction and 14% of industry rooms open, he notes.
- Source: Press Release