The group anticipates growth of the company’s MEA portfolio to over 240 properties by 2020, with plans to add roughly 80 properties and almost 16,500 rooms.
The company signed its newest property in Ras Al Khaimah, UAE, the Ras Al Khaimah Marriott Resort. Due to open by 2019, the 300-room beach-front Marriott Hotel will be the first Marriott Hotels branded property in the emirate, strengthening the company's plan to increase its UAE footprint to 25 properties by 2020. Marriott International also expects to almost triple the size of its operations in Saudi Arabia, with the addition of over 4,000 rooms across 20 hotels by 2020, building upon its current 1,800 rooms across 8 properties. Finally, following last year's acquisition of Protea Hospitality, Africa will also remain a key priority for the company with openings set to take place in Algeria, Morocco, Ghana, Ethiopia and Rwanda in 2015.
"The Middle East and Africa region offers a tremendous opportunity for Marriott International," said Sorenson. "We have ambitious plans for growth internationally and the region will play a large part in helping us achieve both our short-term and long-term targets. By the end of this year we should surpass 1 million rooms open or in development worldwide, with new hotels expected to create 150,000 new hotel jobs as they open."
At present, the hotel company operates or franchises164 properties in the MEA region, across 9 brands in 17 countries. On January 1, 2015, Marriott International was the third hotel group worldwide in terms of number of rooms with 701,899 units at 4,117 properties according to MKG Hospitality, consulting firm founded by Georges Panayotis. (Read our article).
- Marriott Hotels International signs definitive agreement to acquire Delta Hotels & Resorts
- Marriott International signs two new hotels in Saudi Arabia
- New goals for Marriott in Africa
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