The Company Expects to Add Over 200 Properties in EMEA Across 2022 and 2023
Marriott International, Inc. (NASDAQ: MAR) today celebrated the launch of The Westin London City, its 1,000th hotel in Europe, Middle East and Africa (EMEA). A flagship Westin Hotel that seamlessly balances London's always-on energy with the wellness promise for which the brand is known, the property also marks the debut of the Westin Hotels & Resorts brand in the UK market.
As the company celebrated this milestone, it also announced that across 2022 and 2023, it expects to add more than 200 properties, which equates to 38,000 rooms, in Europe, Middle East and Africa
"I'm very proud of reaching 1,000 Marriott International hotels across EMEA. This growth milestone is symbolic of our rich history and bright future, and it feels fitting that our 1,000th property is a fantastic Westin in London," said Satya Anand, President, Marriott International, EMEA. "Last year alone, we opened nearly 90 properties across EMEA, including brand debuts in destinations such as Ibiza, Reykjavík and Cairo, as well as additional openings in established markets such as London and Dubai. I am excited to further enhance our portfolio, bringing even more unique travel experiences to our guests, and look forward to continuing to drive value for our owners and franchisees through our world-class brands, comprehensive business support systems and our industry-leading loyalty platform, Marriott Bonvoy."
Select-Service Spearheads Growth in Europe
Marriott International's select-service brands, such as AC by Marriott, Moxy Hotels, Courtyard by Marriott, Residence Inn by Marriott, Aloft Hotels, Element Hotels and Four Points by Sheraton, continue to spearhead growth across Europe, accounting for more than 50 percent of the company's current signed pipeline of hotels in the Europe region. Moxy Hotels, Marriott's bold and experiential hotel brand created for the young at heart, is slated to add more than 26 additional hotels to its portfolio in the region across 2022 and 2023, with planned openings including the Moxy Liverpool City Centre (UK), Moxy Paris East (France) and Moxy Pompeii (Italy).
Set to make its European debut in 2023, Fairfield by Marriott is expected to see two hotels open next year – the Fairfield by Marriott Badhoevedorp Amsterdam Schiphol Airport (The Netherlands) and Fairfield by Marriott Copenhagen Nordhavn (Denmark). With its effortlessly relaxed and efficient hotel design paired with a contemporary Northern European aesthetic, the brand continues to attract interest from owners across the region.
The extended-stay segment remains extremely resilient in Europe, especially with the rise of multi-purpose travel. Last year, the company opened four Residence Inn by Marriott hotels across Europe and plans to extend its reach with 15 more Residence Inn by Marriott hotels expected to open in city hotspots like Naples (Italy), Vienna (Austria) and Paris (France) across 2022 and 2023.
Conversions continue to be an important driver of rooms growth across Europe, particularly from independent hotels, given the appeal of Marriott's powerful distribution systems. Conversions represent approximately 30 percent of the expected hotel openings in Europe across 2022 and 2023, and owner interest remains high for the company's robust portfolio of collection brands – Autograph Collection Hotels, The Luxury Collection, and Tribute Portfolio.
Luxury Booms in the Middle East
Luxury hotels and residential properties continue to be in high demand with consumers, especially across the Middle East, representing over 20 percent of the company's signed pipeline units in the region. This year's highly anticipated openings include W Dubai - Mina Seyahi, slated to open in April 2022, and in May this year, the company expects to introduce The Ritz-Carlton brand in Jordan with the opening of The Ritz-Carlton, Amman.
The company also continues to support the growth of the tourism sector in the Kingdom of Saudi Arabia, with four luxury hotels expected to open across 2022 and 2023. Planned additions include two luxury hotels at the highly anticipated Red Sea Project including The St. Regis Red Sea Resort. Qatar is also expected to see the addition of four luxury hotels across 2022 and 2023, including the stunning Palais Vendôme, a Luxury Collection Hotel, Doha and The Doha EDITION.
Marriott also continues to see growth in the branded residential sector in the Middle East, heralding a new era of residential luxury. Branded residences are poised to meet evolving lifestyle changes and growing interest from homeowners in on-demand amenities and services from trusted brands. Marriott recently opened W Residences Dubai – The Palm, which features 104 homes spread over eight mansions, and expects to add four more branded residential projects in the Middle East across 2022 and 2023, including The Residences at The St. Regis Marsa Arabia Island, The Pearl Qatar.
Continued Expansion Across the African Continent
The recent signing of the JW Marriott Masai Mara Lodge in Kenya is expected to mark the brand's debut in the country and in the luxury safari space, reinforcing Marriott International's commitment to the African continent.
The company expects to open more than 20 hotels in Africa across 2022 and 2023. Among these are six Protea Hotels by Marriott properties, including the 200-room Protea Hotel by Marriott Accra Kotoka Airport in Ghana and Protea Hotel Fire & Ice! by Marriott Polokwane in South Africa. These hotels will give guests a taste of the local flavour in a truly authentic way. The expected openings across the region also include five Four Points by Sheraton hotels, marking the brand's debut in Rwanda with the Four Points by Sheraton Kigali and the brand's expansion in Nigeria with the addition of Four Points by Sheraton Ikot Ekpene.
"As we emerge from the global pandemic, we continue to see strong owner demand for Marriott's portfolio of 30 trusted hotel brands," said Jerome Briet, Chief Development Officer, Marriott International, EMEA. "With a growing base of global Marriott Bonvoy members who are adapting to changing travel requirements in order to enjoy those all-important breaks away, we believe the future of travel is bright. We look forward to continuing to work with our owners and franchisees to develop more exciting projects in gateway cities, resort areas, and locations where our customers aspire to travel."
Note on Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to our growth pipeline; expected hotel openings and unit and rooms growth; expected residential openings and growth; expected brand debuts in certain markets; consumer demand trends and expectations; development trends and expectations; interest in certain brands and lodging categories among consumers and hotel owners; expectations regarding conversion activity; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of approximately 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.
About Marriott Bonvoy®
Marriott Bonvoy's extraordinary portfolio offers renowned hospitality in the most memorable destinations in the world, with 30 brands that are tailored to every type of journey. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, and through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments, or through partners for luxurious products from Marriott Bonvoy Boutiques. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com.
Simon Yates, Senior Director Corporate Communications, EMEA