“It is exciting to see how much we’ve grown since our last meeting and to share all of the new and innovative things we are doing now and are planning for the future,” said Arne Sorenson, president and chief executive officer of Marriott International, Inc. “We expect to open roughly 30,000 rooms this year and our development pipeline totals 110,000 rooms, which implies continued strong unit growth well beyond 2012. We are bullish about the long-term growth prospects for both Marriott and the global lodging industry. With a growing middle class and rapid economic growth in many emerging markets, global demand is increasing steadily. Our products are high quality, our guest satisfaction is very high, and our brands are preferred by owners and franchisees. New hotel openings and renovations of existing hotels continue to energize our brands, and with new designs and services, we continue to find great ways to engage our guests.”
Travel and Tour World, a travel trade media and an information platform, is an all-inclusive and far-reaching B2B travel magazine. It aspires to build a network of travel and tour professionals across the globe to mark its presence in this increasingly competitive market. [TRAVELANDTOURWORLD.BLOGSPOT.COM]
Thursday, 29 March 2012
Marriott Gives Glimpse In To The Future At First Global General Managers Conference In Five Years
“It is exciting to see how much we’ve grown since our last meeting and to share all of the new and innovative things we are doing now and are planning for the future,” said Arne Sorenson, president and chief executive officer of Marriott International, Inc. “We expect to open roughly 30,000 rooms this year and our development pipeline totals 110,000 rooms, which implies continued strong unit growth well beyond 2012. We are bullish about the long-term growth prospects for both Marriott and the global lodging industry. With a growing middle class and rapid economic growth in many emerging markets, global demand is increasing steadily. Our products are high quality, our guest satisfaction is very high, and our brands are preferred by owners and franchisees. New hotel openings and renovations of existing hotels continue to energize our brands, and with new designs and services, we continue to find great ways to engage our guests.”
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