Marriott plans to open more than 1,700 new hotels in the next three years. That translates into 275,000 to 295,000 new rooms, generating an estimated $400 million in fee revenue in 2021. The hotel chain already manages 1.2 million hotel rooms, with a pipeline of 478,000. CEO Arne Sorenson is counting on an expanding global class of young, middle-income people who value travel as a reason for the push.
Big opportunities are coming for companies that specialize in the construction of new hotels... Marriott announced today that they're opening 1,700 hotels over the next 3 years! #buildingrelationships #hotels #nycconstruction
Top 15 Leading US Hotel Companies Worldwide as of June 2018 by # of properties: 1) Wyndham Hotels & Resorts...........8,976 2) Choice Hotels International...........6,857 3) Marriott International......................6,542 4) Hilton.................................................5,405 5) InterContinental Hotels Group (IHG?).. 5,367 6) Best Western? Hotels & Resorts..3,638 7) RLH Corporation ..................1,477 8) G6 Hospitality LLC................1,440 9) Radisson................................1,165 10) Magnuson Worldwide........1,087 11) Hyatt Hotels Corporation.....801 12) Aimbridge Hospitality...........706 13) Westmont Hospitality Group..704 14) Extended Stay America...........626 15) Interstate Hotels & Resorts....500 - Wyndham Group is the largest #brand in property count; over 2,000 properties more than the second place hotel brand (Choice). - When calculating total properties of the above list = 45,291 properties, 36,785 (81.2%) properties are owned/managed by the top 6 #HotelBrands while the remaining 9 brands cover 8,506 (18.8%) properties. Source: Statista Subscribe to Statista for the Full Report https://lnkd.in/ecWx8FM Published: Sep 2018 Survey conducted: June 2018 #Tops #HotelExpansion #HotelBrand #Growth Post #86 Like, Comment, Share, Follow
OK Liberia, these top Hotel Chains did not choose us because our country is developed and has the best economy in Africa, they're choosing Liberia because it has potential to be that great nation with a thriving economy. #ExploreLiberia #LiberiaTourism #Liberia #WestAfrica #WestAfricaLiberia #WestAfricaTourism
#Hotel development continues apace in #Africa. Marriott International has announced 3 new deals in #Ghana, #Morocco and #Liberia in line with its strategy to build its Africa portfolio by 200 hotels - and expand its #WestAfrica footprint by 75% - by the end of 2023.
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Marriott is in growth mode. https://lnkd.in/gkU5-Rn
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I travel extensively and there is no lack of places to stay. I go to on average 15 countries a year plus domestic travels. I’ve found Airbnb to give me the best options. I’m not sure we need to pave over more of the earth to build additional hotels.