Marriott Sets New Growth Record, Fuels Global Expansion
Marriott International has announced record organic rooms signings in 2018, ending the year with a record global pipeline.
In 2018, the company signed agreements for 816 properties, comprised of 125,000 rooms, while opening nearly 500 properties comprised of more than 80,000 rooms around the world across its portfolio of 30 brands.
As of December 31, 2018, Marriott’s footprint grew to more than 6,900 properties and over 1.3 million rooms in 130 countries and territories, with Marriott debuts in Finland, New Zealand, Lithuania, Mali and Ukraine. The pipeline also grew to a record 478,000 rooms.
The year also delivered a new record for organic international room signings in Europe and Middle East and Africa, and for organic hotel signings in Asia Pacific.
Marriott’s luxury portfolio welcomed 29 properties across 6 brands including The Ritz-Carlton, Shanghai Hongqiao, St. Regis in Dubai, and a 3-brand luxury project in the Dominican Republic.
Marriott’s hotel's loyalty program membership now stands at 120 million members around the world.