Marriott International Added Recog High in Rooms Last Year
Marriott International added a record 86,000 rooms and 517 properties in 2021. Offering an overview of 2021 and a look ahead to the rest of 2022, Marriott said it achieved net room growth of approximately 4% for the full year.
At the end of 2021, Marriott’s worldwide system consisted of nearly 8,000 properties and roughly 1.48 million rooms in 139 countries and territories. At year-end, the company had the largest global development pipeline, with roughly 485,000 rooms.
The company signed 599 agreements during 2021 representing approximately 92,000 rooms of which slightly more than half are located outside of the U.S. and Canada. Marriott adds that rooms falling out of the pipeline remain at historically low levels, despite challenges brought on by the pandemic.
Marriott is poised to meet soaring demand for luxury accommodation with its seven luxury brands across 476 hotels spanning 69 countries and territories. In 2021, Marriott International signed 40 luxury hotel deals, representing over 6,000 rooms, and grew its portfolio of luxury hotel rooms by 4.8% net, with notable additions in prime locations around the globe including Philadelphia (W Hotels), Nashville (W Hotels), Charlotte (JW Marriott), Bermuda (St. Regis), Paris (Bulgari), Rome (W Hotels), Maldives (The Ritz-Carlton), Budapest (The Luxury Collection) and Reykjavik (EDITION).
The company continues to expand its luxury footprint and has by far the largest global pipeline of hotels in this important, high fee earning segment, with nearly 50,000 rooms. Marriott anticipates debuting more than 30 luxury hotels in 2022 in destinations from Mexico (The St. Regis Kanai Resort) and Portugal (W Algarve) to Australia (The Ritz-Carlton, Melbourne) and South Korea (JW Marriott Jeju Resort & Spa).
Currently, Marriott International’s all-inclusive portfolio spans 28 properties, representing over 8,000 rooms in locations across the Caribbean, Mexico and Central America. In 2021, Marriott International signed 22 agreements for all-inclusive resorts, marking a company record, including 20 all-inclusive resorts under its Autograph Collection Hotels brand and the first Marriott branded all-inclusive resort agreement in North Africa.
In 2021, the company signed 256 agreements representing nearly 51,000 rooms in international locations outside the U.S. and Canada. With the company rapidly growing its international footprint, Marriott continues to enter new markets. In 2021, the company expanded into Antigua and Barbuda, Belize, Bermuda, Grenada, St. Lucia and Turks & Caicos. In 2022, the company expects to plant its flag in Albania and Honduras.