Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Saudi Aramco's Q3 net income falls 15.5% to SR103 billion amid a jump in annual cash flows    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    US voters flying home in time for election    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Harris and Trump make final push in must-win Pennsylvania    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Saudi crown prince, Tunisian president review bilateral relations in phone call    SFDA Chief visits premier biotechnology and medical firms in China    Al-Khereiji: Collective action in combating terrorism is a must for achieving stability and prosperity    Quincy Jones, titan of US music, dies aged 91    Neymar expected to join Al Hilal squad for AFC clash against Esteghlal, says coach Jesus    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Marriott sees 50% growth across Middle East and Africa
Published in The Saudi Gazette on 31 - 05 - 2015

MARRIOTT International, Inc. is setting the stage for significant and ambitious growth within the Middle East and Africa (MEA) region according to its president and chief executive officer, Arne Sorenson. During a recent visit to Dubai for both the Arabian Travel Market (ATM) and the Arabian Hotel Investment Conference (AHIC), Sorenson outlined regional growth plans that anticipate the company's MEA portfolio to over 240 properties by 2020, with plans to add roughly 80 properties and almost 16,500 rooms. At present, the hotel company operates or franchises 164 properties in the MEA region, across 9 brands in 18 countries.

“The Middle East and Africa region offers a tremendous opportunity for Marriott International,” said Sorenson. “We have ambitious plans for growth internationally and the region will play a large part in helping us achieve both our short-term and long-term targets. By the end of this year we should surpass 1 million rooms open or in development worldwide, with new hotels expected to create 150,000 new hotel jobs as they open.”

During his time at ATM, Sorenson, along with Sheikh Ahmed Bin Saqr Al Qasimi, Chairman of ASQ Hotels, also announced the signing of the company's newest property, in Ras Al Khaimah, UAE, the Ras Al Khaimah Marriott Resort. Due to open by 2019, the 300-room beach-front Marriott Hotel will be the first Marriott Hotels branded property in the emirate, reinforcing the company's plan to increase its UAE footprint to 25 properties by 2020.

Sheikh Ahmad Bin Saqr Al Qasimi said “we are very excited about adding the Marriott to Ras Al Khaimah's hotel portfolio. Last year we achieved several milestones as part of our plans to develop the hospitality and leisure sectors in Ras Al Khaimah. Our growth strategy is very active and has managed to attract premium hotel operators from around the world.”

Transcending borders as well as market segments, Marriott International's MEA growth over the next few years should see, among other key areas, its footprint increase in the priority markets of the United Arab Emirates and Saudi Arabia with almost half of the properties set to open, located in these two countries. Within KSA, the hotel company expects to almost triple the size of its operations with the addition of over 4000 rooms across 20 hotels by 2020, building upon its current 1800 rooms across 8 properties.

Marriott International has also outlined its region-wide plan to strengthen the presence of its brand portfolio, particularly the Marriott Hotels brand. This year alone, the MEA region will see more Marriott Hotels opening than any other Marriott International brand and along with it, the introduction of the brand into three new MEA destinations including Fez, Morocco, where a 224-room property is set to open, and Constantine, Algeria, where a 244-room Marriott Hotel is opening. Rounding out the three new properties, the opening of the 426-room Marriott Hotel in Makkah in Saudi Arabia will also mark a significant milestone for the brand as its first-ever property in a holy city. By 2020, the brand should see 20 Marriott Hotels open across the region. — SG


Clic here to read the story from its source.