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Marriott expects to add over 30% in capacity

Marriott plans to add 85,000 to 100,000 hotel rooms worldwide between 2007 and 2009, representing 5 to 6 percent net annual compound growth. The company expects its worldwide system to encompass nearly 600,000 rooms by year-end 2009. Marriott International anticipates adding over 30,000 hotel rooms to its system outside North America at a compounded average annual growth rate of between 9 and 10 percent through 2009, totaling approximately 120,000 rooms outside North America at year-end 2009. At the mid-range scenario of 6 percent RevPAR growth, fees increase to approximately $1.8 billion by 2009, nearly 50 percent above 2006 levels. The group estimates that 72 percent of company-managed hotels will be paying incentive management fees under this scenario.

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