Marriott International is expected to add 19 new properties and more than 3,000 rooms to its Middle East and Africa portfolio in 2019, the company has announced.
Underpinning a strong demand for its brands, the new additions are in line with the company’s expansion plans to add more than 100 new properties and nearly 26,000 rooms across the region by the end of 2023.
Marriott estimates its development pipeline through 2023 represents up to $8 billion of investment from property owners and is expected to generate over 20,000 new jobs across the region.
The growth of Marriott’s premium brands remains steady across the region with more than 30 hotels expected to be added to the portfolio by the end of 2023. By the end of 2019, the company will have added four new hotels under its premium portfolio for the region.
Currently representing over 40 percent of the company’s development pipeline through 2023, select-serve brands continue their rapid growth trajectory across the Middle East and Africa.
Building on the momentum from 2018, with 10 properties added across the region, including 4 Aloft hotels in the UAE, the company expects to add 7 new properties by the end of this year.