In Dubai during a whirlwind trip including high-level meetings, visits with company employees and a major speech, the head of Marriott International, Inc. also took the next steps to ultimately more than double the company’s hotels in the region as he signed the first of four development transactions in three countries.
In separate ceremonies with Marriott’s local development partners, J.W. “Bill” Marriott, Jr., chairman and chief executive officer of Marriott International, will sign new development agreements that will add to the company’s already record-setting pipeline of hotels planned or under construction outside of North America. In the Middle East alone, the company expects to expand its current portfolio of properties from 26 to 65 through 2011. With the signings involving nine properties and 2,000 rooms, Marriott’s Middle East hotel pipeline now stands at 39.
Mr. Marriott, who also delivered a major speech today, highlighting the importance of travel and trade to the world economy, said, “The Middle East is not only a rapidly expanding center of commerce, but also a thriving tourist destination.
Business » Marriott International Expects To More Than Double Its Middle East… on April 23rd, 2008 at 12:47 pm
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