Marriott International has posted positive results for Middle East performance in quarter two, with RevPAR (excluding Egypt), improving 7% YOY, driven by a growth in occupancy of 4.4% YOY.
Overall, Q2 RevPAR improved by 3.9% for MEA including Egypt and the recently acquired Protea Hospitality Holding.
Commenting on the company’s performance, Alex Kyriakidis, president and managing director of Marriott International, Middle East and Africa, said: “On April 1, we completed our acquisition of Protea, whereby we leap-frogged our competition to become the number one hospitality company in Africa and second largest operator across the Middle East and Africa.
“The positive results reaffirm the growing popularity of our brands across the region and the successful integration of Protea into the Marriott family.
“Whilst the Protea deal kept us busy during the first three months of the year, the second quarter was also marked by new hotel openings and a plethora of new deals. These signings further boost our growing pipeline and instil a strong belief in our vision to become the number one hotelier in MEA by 2020.”
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In Dubai in January, Marriott launched Al Jaddaf Marriott Hotel Dubai and Marriott Executive Apartments Al Jaddaf Dubai and JW Marriott Marquis Dubai has also continued to perform well, witnessing strong demand since the start of 2014.
In the second quarter two Protea Hotels were also opened including Protea Hotel Lusaka Tower, Lusaka, Zambia (April) and the one just last week in Lagos Nigeria, the Protea Hotel Select Ikeja, Lagos.
The Riyadh Marriott Hotel, the first ever Marriott in the Middle East, was also re-launched in March.
A new property in Doha’s West Bay district has opened, where three hotels currently known as the Renaissance Hotel, Courtyard by Marriott and Marriott Executive Apartments Doha City Center became one.
Marriott International has several openings in the ME pipeline. These include the Residence Inn by Marriott Kuwait City in September and Residence Inn by Marriott Jazan, KSA in October.
Globally Marriott added 162 new properties (18,729 rooms) to its worldwide lodging portfolio in the 2014 second quarter, including 113 properties (10,016 rooms) related to the Protea transaction.
Nine properties (1134 rooms) exited the system during the quarter. At quarter-end, the company’s lodging group encompassed 4087 properties and timeshare resorts for a total of nearly 697,000 rooms.
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