Record 55,000 rooms signed in international markets fueled by entry into new markets and growing developer interest in Legacy-Starwood brands
Marriott International, Inc. (NASDAQ: MAR) today announced that 2017 represented its most successful year for signing development contracts outside North America, fueled by record signings in Asia and Europe.
Globally, at year end 2017, the company operated or franchised more than 6,500 hotels and over 1.25 million rooms, with a third of the rooms located outside North America. Marriott International and its franchisees opened more than 470 hotels with over 76,000 rooms around the world during the year, amplifying the company’s brand recognition among guests, owners and franchisees.
“Marriott International continued to increase its global presence in 2017, opening properties in 5 new countries and territories and reaching a presence in 127 countries and territories around the world,” said Tony Capuano, Executive Vice President and Global Chief Development Officer, Marriott International. “Our growth is fueled by the broadest portfolio of lodging brands in the industry, impressive international expansion, Continue reading “Marriott International Marks 2017 as Year of Historic International Expansion”