The company expects to add at least 80,000 to 90,000 hotel rooms to its portfolio from 2011 through 2013 with additional opportunities for 22,000 rooms to open in Europe and Asia during that same period. Marriott has plans to adapt and expand current brands, such as Courtyard and Fairfield, to meet the growing needs of customers in markets worldwide. The company will also be expanding its new brands outside of the United States, including EDITION, which just opened its first hotel on Waikiki Beach in Hawaii, and the Autograph Collection.
J.W. Marriott, Jr., chairman and chief executive officer of the
company, said, “We are on the threshold of extraordinary growth for our
company. As we look ahead over three years, Marriott is poised to
deliver substantial gains in bottom line results, as well as meaningful
returns to hotel owners and shareholders, as our industry-leading
portfolio of brands both recovers from the recent recession and grows