Marriott International, a hospitality company intends to double its hotels in the United Arab Emirates, with 13,000 additional rooms.
Listed in Nasdaq, Marriott is presently the biggest hotel operator by rooms after the merger of Starwood Hotels and Resorts and Marriott. It hopes to increase to 80 hotels in the UAE, representing 23,000 rooms, up from the present 38 hotels and 9,616 rooms.
In Africa and the Middle East, it hopes to have 393 lodgings, representing 89,554 rooms by 2022, up from 238 properties and 51,877 rooms.
It additionally plans to contract another 30,000 workers in the district throughout the next five years. Of these, 6,000 individuals would be required in the UAE.
There won’t be any occupation cuts in view of the merger, as per Alex Kyriakidis, the president and managing chief for the Middle East and Africa at Marriott International.
Mr Kryriakidis stated that target markets include Saudi Arabia, Nigeria, the UAE, Egypt, and South Africa.
“These are nations whose development in GDP, populace and interest in travel and tourism will aid in super growth,” he said.
Of the consolidated Marriott International’s 80 properties in the United Arab Emirates, 17,000 rooms and 60 hotels would be in Dubai by 2022. At present, it now has a total of 30 properties in Dubai.
“We are bullish about Dubai past 2020,” the Marriott official said. “The government is recovering the entire territory where 2020 Expo will occur, it is putting resources into another major air terminal, amusement parks, shopping centers, more recreation attractions, and keeping on developing Emirates as the aircraft and the center in Dubai.”
Hotel owners in Dubai are thinking about an oversupply of rooms.
During the current year the gross operating profit per accessible room is believed to drop 23.4% compared to a year ago, as per Hotstats, a research company. The decreases are relied upon to continue in 2017 and 2018.
With its 90 million individuals and a good blend of sun, ocean and archeological interests, Egypt keeps Marriott’s certainty high. A week ago, it declared a 252-room Ritz-Carlton in Sharm El Sheik, scheduled to open by 2020.
On Friday, Marriott obtained Starwood for US$13 billion. The merged companies now has 30 brands around 5,700 hotels and 1.1 million rooms around the world, making it the biggest hotel company as far as number of rooms, a lead ahead of Hilton Worldwide and InterContinental Hotels and Resorts.
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