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.