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FINANCIAL NEWS
Marriott Int’l reports 8.3% rise in ME, Africa 2012 RevPAR
25 Feb 2013
(MENAFN) Marriott International stated that its revenue per available room (RevPAR) in the Middle East and Africa region rose by 8.3 percent in 2012 from a year before, reported Gulf Daily News.
The hotel operator, which launched the Courtyard by Marriott Diplomatic Quarter, Marriott Executive Apartments Riyadh Makarim and the flagship JW Marriott Marquis Hotel Dubai in the year, said that occupancy rate grew by 5.3 percent.
The company is planning several openings in the coming few years, including the Rabat Marriott Hotel in Morocco, which will open in 2014, the Constantine Marriott Hotel in Algeria and Courtyard by Marriott Riyadh North in Saudi Arabia in 2015, whereas the JW Marriott Casablanca in Morocco and Lagos Marriott Hotel in Nigeria will be launched in 2016.
It is worth noting that in the region, Marriott International has 42 properties in 12 countries, with the new announced hotels expected to raise the total number of properties joining Marriott International’s Middle East and Africa portfolio to 48 by 2017.
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