Marriott Plans 300K Rooms in 3 Years

“We are more optimistic than ever about our future,” says Marriott CEO Arne Sorenson.

BETHESDA, MD—Marriott International, now the world’s biggest lodging company following its merger with Starwood Hotels & Resorts, intends to add between 285,000 and 300,000 new rooms worldwide over the next three years. That equates to opening one hotel every 14 hours between now and the end of 2019, the Bethesda, MD-based company said Tuesday in outlining its three-year growth plan.

“We are more optimistic than ever about our future,” says president and CEO Arne Sorenson. “Marriott has made a significant leap forward in distribution and scale with its once-in-a-generation acquisition of Starwood. With global travel estimated to increase at a 7% compounded rate over the next 10 years and international trips expected to top 1.8 billion by 2030, Marriott is well positioned to benefit given its strong global footprint now in 122 countries and territories and an unmatched portfolio of 30 lodging brands.”