2018 record year for global pipeline projects for Marriott

Published on : Thursday, January 24, 2019

In 2018, the company signed management and franchise agreements for 816 properties, including 125,000 rooms. They opened nearly 500 properties comprising of more than 80,000 rooms around the world across 30 brands.

 

 

Tony Capuano, Marriott global chief development officer said that hotel owners increasingly turned to Marriott’s world-class teams, leading business platforms, unmatched global scale and captivating brands. This gave boost to growth across its portfolio of brands.

 

 

Marriott’s global footprint grew to more than 6,900 properties and more than 1.3 million rooms in 130 countries and territories as of Dec. 31st.

 

 

Marriott brands set foot in Finland, New Zealand, Lithuania, Mali and Ukraine. The pipeline also grew to a record 478,000 rooms.

 

 

The company signed 29 luxury properties consisting of 6,200 rooms across six brands, with projects such as The Ritz-Carlton, Shanghai Hongqiao, a St. Regis in Dubai, and a three-brand luxury project in the Dominican Republic.

 

 

 

Tony Capuano said: “With the world’s largest pipeline of hotels, a growing loyalty base of 120 million members and a compelling value proposition to our partners, Marriott is positioned to fuel expansion further in 2019.”

 

 

 

In 2018, Marriott’s hotel owners saw greater benefits, growing loyalty program membership, reduced charge out rates, higher luxury redemptions and a growing proportion of bookings from our direct channels. The loyalty program membership now stands at 120 million members around the world.

 

 

 

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 08 imexamerica 2019
  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 16 TTF 2019
  • 17 getglobal 19
  • 17 thincindonesia 2019
  • 18 Africa Hotel & Resort 2019
  • 18 chinatravelnews2019
  • 18 MILT 2019
  • 19 China Hotel 19
  • 19 itehcmc 19
  • 19 uzakrota London 2019
  • 20 uzakrota Istanbul 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 iitm 2020
  • 23 PTM 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. MICE INDIA AND LUXURY TRAVEL CONGRESS 2019

      July 23 - July 24
    2. FOOD & HOTEL INDONESIA 2019

      July 24 - July 27
    3. IITM Bangalore

      August 2 - August 4
    4. IITM CHENNAI

      August 9 - August 11
    5. ibtm CHINA

      August 28 - August 29
Get our toolbar!
Review www.travelandtourworld.com on alexa.com