Marriott International announced that it continues to expect strong RevPAR and unit growth in 2016.
Marriot International has said it expects comparable system-wide RevPAR on a constant dollar basis in North America, according to a company statement.
Outside North America and worldwide RevPAR is anticipated to increase 2% to 4% in the first quarter of 2016 and 3% to 5% for full year 2016.
Marriott International president and chief executive officer Arne Sorenson said: "We feel good about how the first quarter RevPAR and unit growth are shaping up. Our 19 lodging brands continue to deliver great returns, making them attractive to lenders as well as owners and franchisees.”
| Advertisement |
“Even excluding the Starwood acquisition, we expect our gross room additions will grow our system by 8% in 2016, outpacing our 7% growth last year which included the Delta transaction," he continued.
The global hotel company also anticipates its gross worldwide rooms will increase 8% gross, or 7% net, for 2016.
These expectations do not include the impact of the planned Starwood transaction.
The statement added that year-to-date through February, constant dollar RevPAR at Marriott's comparable system-wide hotels increased 3.4% in North America, 3.9% outside North America and 3.5% worldwide, over the same two month period in 2015.
Search our database of more than 2,700 industry companies
