February 26, 2024

ALIS: Marriott readies for another solid year after signing almost 600 hotels in 2021

This year is shaping up to be another solid one for Marriott International, thanks to remarkable development, especially in the high-end sector, in 2021 that saw almost 600 arrangements signed across the world.

Linnartz stated the growth was being fuelled by the luxury sector, which continues to get momentum.

” We are pleased with our strong 2021 advancement results and look forward to continuing to drive value for our owners and franchisees throughout the recovery and beyond with our quality brand names, our comprehensive organization support systems and industry leading commitment platform,” Linnartz stated.

The most recent finalizings will contribute to Marriotts around the world system, which at the end of 2021 included nearly 8,000 properties and roughly 1.48 million rooms in 139 territories and nations.

Marriotts 7 luxury brands now consist of 476 hotels covering 69 areas and countries and in 2021, the business signed an additional 40 high-end properties, representing over 6,000 rooms.

Linnartz said notable additions in prime places around the world consist of homes in Philadelphia (W Hotels), Nashville (W Hotels), Charlotte (JW Marriott), Bermuda (St. Regis), Paris (Bulgari), Rome (W Hotels), Maldives (The Ritz-Carlton), Budapest (The Luxury Collection) and Reykjavik (EDITION).

Marriott International President, Stephanie Linnartz, said the most current finalizings are firmly expected to propel the companys development over the next several years.

She stated the company continues to broaden its luxury footprint and has without a doubt the biggest worldwide pipeline of hotels in this essential, high charge earning section, with almost 50,000 rooms.

” Our analysis of the common patterns in international development is particularly useful as we continue to recover from this global pandemic.

” We have been focused on working closely with our valued community of owners and franchisees throughout these extraordinary times.

W Sydney will be the brand names flagship home in Australia.

” Marriott has the advantage of sitting at the crossway of information and insights from a worldwide neighborhood of developers, franchisees, owners and residential or commercial properties, along with the more than 160 million members of our Marriott Bonvoy travel program,” she said.

Exposed at the 2022 Americas Lodging Investment Summit (ALIS) in Los Angeles this week (Jan 24), the 599 contracts Marriott signed in 2021 representing around 92,000 spaces, of which a little over half lie outside of United States and Canada.

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In 2021, the business expanded into Antigua and Barbuda, Belize, Bermuda, Grenada, St. Lucia and Turks & & Caicos, and in 2022, the business anticipates to plant its flag in Albania and Honduras.

Marriott prepares for debuting more than 30 high-end hotels in 2022 in destinations from Mexico (The St. Regis Kanai Resort) and Portugal (W Algarve) to Australia (The Ritz-Carlton, Melbourne) and South Korea (JW Marriott Jeju Resort & & Spa).

Linnartz stated the “leisure boom continues expanding” and has actually led the travel healing, a trend that is expected to continue into 2022, as travellers continue to embrace multi-purpose journeys, blending remote work and vacation time.

Marriotts industry leading luxury portfolio contributes to the power of Marriott Bonvoy, giving members a significant choice of experiences around the globe.

” With the business quickly growing its global footprint, Marriott continues to enter new markets, using travellers more amazing destinations,” the company stated.

Strong global growth poised to continue, according to Marriott, with the business signing 256 agreements representing nearly 51,000 spaces in worldwide areas outside the United States and Canada.