Bethesda, Maryland – 22 March 2017 –
Marriott International plans to add up to 300,000 rooms worldwide by 2019 as part of a three-year growth plan.
The group, which also owns the Ritz-Carlton and St. Regis luxury hotel brands, said it would earn US$675 million in stabilized fees from hotel rooms added to its system.
Earlier this month, Marriott said it would speed up expansion of its Starwood brand in Europe by 2020. Marriott bought Starwood for about US$12.41 billion in September, adding names such as Sheraton, W and Aloft to create the world’s largest hotel chain with more than 6,000 properties in 122 countries.
The hotel chain said it expects non-property related franchisee fees, mainly credit card branding fees, to increase by US$100 million by 2019.