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FINANCIAL NEWS
Marriott posts 5.3% rise in ME, Africa 2012 occupancy rate
15 Apr 2013
(MENAFN) Marriott International, Middle East and Africa, president and managing director, Alex Kyriakidis, announced that in 2012, the hotelier’s regional occupancy level rose by 5.3 percent in 2012, reported Arabian Business.
Kyriakidis added that revenue per available room (RevPAR) grew by 8.3 percent.
He added that the company’s announcement of 5 new property signings in the region would raise the number of rooms by 1,027.
In 2013, the group will launch the 186-room Rabat Marriott Hotel in Morocco, whereas in 2015, it will open the 18-room Constantine Marriott Hotel in Algeria and the 210-room Courtyard by Marriott Riyadh North in Saudi Arabia.
Moreover, in 2016, the hotelier will launch the 300-room JW Marriott Casablanca in Morocco and the 150-room Lagos Marriott Hotel in Nigeria.
It is worth noting that in 2012, Marriott opened the Courtyard by Marriott Diplomatic Quarter, Marriott Executive Apartments Riyadh Makarim, and the JW Marriott Marquis Hotel Dubai.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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