Marriott opening 1700 new hotels by 2021
Mar 18, 2019, 7:20 am
#1
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Marriott opening 1700 new hotels by 2021
https://www.marketwatch.com/story/ma...wsviewer_click
plans
- up to 295,000 new rooms
-1700 new hotels globally by 2021
plans
- up to 295,000 new rooms
-1700 new hotels globally by 2021
Mar 18, 2019, 7:31 am
#2
Join Date: Apr 2003
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Marriott is having an analyst conference today. Arne was on Bloomberg this morning (I suspect CNBC too) talking about growth plans. He indicated they were looking to grow share and that their share in properties under development is greater than their existing market share. This suggests developers are pretty confident about Marriott.
Mar 18, 2019, 8:07 am
#3
Join Date: Apr 2009
Posts: 298
Marriott is having an analyst conference today. Arne was on Bloomberg this morning (I suspect CNBC too) talking about growth plans. He indicated they were looking to grow share and that their share in properties under development is greater than their existing market share. This suggests developers are pretty confident about Marriott.
Mar 18, 2019, 8:13 am
#4
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Personally I’m excited about 1700 new hotels especially if they are full service business hotels or destination resorts for redemptions. A couple high end luxury ritz or st regis’ would be great additions
Courtyards and lower tier brands are less desirable to me at least and I go out of my way to avoid these brands
Courtyards and lower tier brands are less desirable to me at least and I go out of my way to avoid these brands
Mar 18, 2019, 11:04 am
#5
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Personally I’m excited about 1700 new hotels especially if they are full service business hotels or destination resorts for redemptions. A couple high end luxury ritz or st regis’ would be great additions
Courtyards and lower tier brands are less desirable to me at least and I go out of my way to avoid these brands
Courtyards and lower tier brands are less desirable to me at least and I go out of my way to avoid these brands
Mar 18, 2019, 1:11 pm
#7
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Personally I’m excited about 1700 new hotels especially if they are full service business hotels or destination resorts for redemptions. A couple high end luxury ritz or st regis’ would be great additions
Courtyards and lower tier brands are less desirable to me at least and I go out of my way to avoid these brands
Courtyards and lower tier brands are less desirable to me at least and I go out of my way to avoid these brands
I'd rather focus on quality, not quantity.
Mar 18, 2019, 1:12 pm
#8
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Look at where they've put the resources in the past few years: limited service properties. If one in ten is a destination resort or high-service business/urban property I'll be surprised.
Mar 18, 2019, 1:21 pm
#9
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Mar 18, 2019, 3:31 pm
#11
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The footprint is key. I am struggling with CS and IT and switching to Hyatt when I can. 1700 new additions in 2 years is more than Hyatt's total footprint. I find myself booking Marriott even if I don't want to simply because they offer so many choices.
Considering how bad their IT issues are, yet so many stick with them, choice is what they should focus on for growth alongside IT
Considering how bad their IT issues are, yet so many stick with them, choice is what they should focus on for growth alongside IT
Mar 18, 2019, 3:35 pm
#12
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The money is in limited service! Beyond Marriott, banks are reluctant to finance high end properties. For example, there is a great development planned for a W in the Algarve that was supposed to have opened last fall but hasn't broken ground ... presumably because they can't get financing to build.
Mar 18, 2019, 5:25 pm
#13
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Mar 18, 2019, 6:05 pm
#14
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And, the problem with aspirational properties is that while they are aspirational, demand can be very cyclical. In 2009, there weren't very many people going to the Maldives but the Courtyard in Milwaukee was still OK.
Mar 18, 2019, 6:12 pm
#15
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My travel patterns take me from the big cities to the smaller ones where you are lucky to get any branded properties at all.
Avoiding Marriott these days has allowed me experience great service from a new Holiday Inn (would put a five-star property to shame) and couple of Preferred Rewards properties as well as a two small boutique hotels. This allows be to avoid the frustration with the useless customer service agents and the terrible website and app.