Apr 17 2013
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Marriott upbeat on prospects in Middle East
The hotel operator said the revenues rise was driven predominantly by a 5.3 percent growth in occupancy last year.
Marriott's performance was boosted by three openings in 2012 - the Courtyard by Marriott Diplomatic Quarter, and Marriott Executive Apartments Riyadh Makarim, and the flagship JW Marriott Marquis Hotel Dubai.
Marriott International 's development pipeline in the Middle East and Africa continues to grow with the announcement of five new property signings, adding a further 1,027 rooms to its system.
They include the 186-room Rabat Marriott Hotel which will open in Morocco next year, while the 181-room Constantine Marriott Hotel in Algeria and 210-room Courtyard by Marriott Riyadh will open in 2015. It will also feature the 300-room JW Marriott Casablanca in Morocco and 150-room Lagos Marriott Hotel in Nigeria in 2016.
The new hotels will bring the total number of announced properties joining Marriott International 's Middle East and Africa portfolio by 2017 to 48.
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