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Marriott International updates on room expansion

Jan. 23, 2017 7:21 AM ETMarriott International, Inc. (MAR) StockBy: Clark Schultz, SA News Editor1 Comment
  • 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

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