BETHESDA, Md. — Marriott International, Inc. is anticipating strong RevPAR and unit growth — in North America and worldwide — in 2016, with comparable system-wide RevPAR expected to increase two to four per cent in the first quarter of 2016 and three to five per cent for the full year.
The team also anticipates its gross worldwide rooms will increase eight per cent, or seven per cent net, for 2016. These expectations do not include the impact of the planned Starwood acquisition.
“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,” says Arne Sorenson, president and CEO of Marriott International. “Even excluding the Starwood acquisition, we expect our gross room additions will grow our system by eight per cent in 2016, outpacing our seven-per-cent growth last year, which included the Delta transaction.”
Year-to-date through February, constant dollar RevPAR at Marriott’s comparable system-wide hotels increased 3.4 per cent in North America, 3.9 per cent outside North America and 3.5 per cent worldwide, over the same two month period in 2015.