Trump trial attorney frustrated over gag order argument    Saudi Foreign Minister participates in EU-GCC forum, discusses Gaza and regional security    Cabinet approves opening UBS AG Bank of Switzerland branches in Saudi Arabia    MECOTEC forays into Saudi Arabia bringing cryo technology catering to diversifying health and lifestyle trends    Tragic mid-air collision during Malaysian military exercise results in 10 fatalities    AI company aiming to solve teacher shortage crisis    Driving innovation and sustainability: An interview with Mohammed Salem AL Ojaimi, Chairman of AL Ojaimi Industrial Group    Australian PM calls Elon Musk an 'arrogant billionaire' in row over attack footage    Diabetic Delhi leader finally gets insulin jab in jail    Tourism Ministry shuts 67 erring hospitality facilities in 3 months    Saudi Arabia announces recalling 33,350 Toyota Land Cruiser and Lexus cars over transmission issue    NCM study: Frequency of rainfall will increase throughout Saudi Arabia in future    Spice Girls reunite at Posh's 50th birthday    Swedish rider Eckermann wins 2024 Show Jumping World Cup in Riyadh    Aspiring fencer Josh Brayden aims for Olympic glory    Revenues touch SR3.7 billion in Saudi cinema sector since 2018    PIF partners with Mutua Madrid Open to elevate global tennis    Beijing half marathon: Top three stripped of medals after investigation    Taylor Swift releases surprise double album    Al Ain ends Al Hilal's record streak with a 4-2 win in AFC Champions League semi-final    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Marriott plans expansion amid growth
Published in The Saudi Gazette on 13 - 08 - 2013

Building on its positive 2013 second quarter global results, which saw a 25 percent growth in net income over second quarter 2012, Marriott International, Inc. has announced Tuesday a 10.6 percent increase in RevPAR figures across the Middle East and Africa for the same period.
Driven predominantly by a 2 percent growth in occupancy and 6.8 percent increase in average rates across the region, the company's positive second quarter performance clearly demonstrates the strength of its portfolio, comprising some of the world's strongest and most respected brands.
It also illustrates the scale of its ambition to achieve sustained growth and increase its market share in the region.
Commenting on the company's second quarter performance, Alex Kyriakidis, President and Managing Director of Marriott International, Middle East and Africa, said "when we started regional operations in 1980, we made a commitment to provide customers with exceptional stays, professional staff and exceptional operational and service standards. Our strategies, planning, investments, employing the best people and hard work have clearly paid off as RevPAR and occupancy figures continue to grow - we consistently deliver a quality and unforgettable travel experience to millions of guests across our network."
Marriott International's regional performance was boosted by a number of key openings during the second quarter, namely: the Renaissance Cairo Mirage City Hotel and The Ritz-Carlton Abu Dhabi Grand Canal, the first Ritz-Carlton in Abu Dhabi and ninth property in the Middle East for the company's luxury tier lodging brand.
Indicative of its bullish expansion plans across the region, the company's development pipeline in the Middle East and Africa also continues to grow. During the second quarter of this year, Marriott International announced three new property signings, adding a further 1,094 rooms to its system - the 312-room Renaissance Dubai Downtown Hotel will open next year, while the 370-room JW Marriott Hotel Jeddah in Saudi Arabia and 412-room JW Marriott hotel Doha in Qatar will open in 2016 and 2017 respectively.
Marriott International is also preparing to open three new hotels in Africa next year - the 104-unit Marriott Executive Apartments Addis Ababa in Ethiopia, 209-room Accra Marriott Hotel in Ghana and the 254-room Kigali Marriott Hotel in Rwanda. This is in addition to re-opening the 307-room JW Marriott Hotel Tripoli in Libya.
These new hotels bring the total number of announced properties joining Marriott International's Middle East and Africa portfolio by 2018 to 45, 22 of which will be across nine different countries in Africa - a priority for Marriott International. As a result, an additional 12,919 rooms will join its system. Marriott International's portfolio in the Middle East and Africa currently comprises 44 properties in 12 countries, offering 13,254 rooms across seven lodging brands. It is on track to exceed 20,000 operating rooms by 2015.
The company's strong performance was also supported by a growing number of tourist arrivals across the region, with UNWTO figures for the first four months of 2013 revealing a five and 2 percent increase for the Middle East and Africa respectively. "Regional travel is on the up. We continue to play a significant role in fuelling this growth - our system has never looked better and several of our major markets have posted strong growth for the second quarter," added Kyriakidis.
In addition to its extended stay brands, Residence Inn by Marriott and Marriott Executive Apartments (MEA), Marriott International will be focusing the third quarter on the repositioning of its flagship brand, Marriott Hotels & Resort. Under the theme of Travel Brilliantly and in line with growing consumer trends fuelled by Gen Y, the company is 're-imagining' the guest experience.
This includes transforming lobbies and public spaces by designing them for a new generation of business travellers who blend work and play, demand style and substance and desire high-tech and high-touch. The 352-room Dubai Marriott Zabeel, scheduled to open later this year, will be the first hotel in this region to open under the Travel Brilliantly umbrella.
"With our focus on the Marriott Hotels and Resorts brand, as well as the extended stay sector and mobile technology, there is a lot more to come in 2013," Kyriakidis added. — SG


Clic here to read the story from its source.