Marriott International on profit mode for MEA region
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Together with Marriott International, Inc 2013 first quarter results, which reported a 31% increase compared to 2012, the company has announced an 11.2% increase in RevPAR figures across the Middle East and Africa for first quarter compared to 2012.
The group has played a significant role in fuelling regional travel – the number of visitors expected to rise from over 70 million in 2011 to 195 million by 2030. New figures highlight Marriott International’s regional development with plans to double its footprint in the Middle East and Africa by 2017, which currently has 45 announced hotels with 10,875 rooms due to join regional portfolio by 2018
Alex Kyriakidis, president and managing director of Marriott International, Middle East and Africa, said: “Our system continues to improve and there is a lot more to come in 2013. Marriott International will be perfectly placed to accommodate the increasing number of visitors to the region.”
Marriott International’s portfolio in the Middle East and Africa currently comprises 43 properties in 12 countries, offering 12,919 rooms across seven lodging brands. It is set to expand by 45properties and 10,875 rooms by 2018.