Marriott’s global growth continues to soar at a rapid pace, with the company’s deal signings over the past calendar year up over 21% compared to 2021 and across all major market segments.
Revealed at this week’s Americas Lodging Investment Summit (ALIS) in Los Angeles (Jan 23), the company signed 726 management and franchise agreements globally in 2022, representing nearly 108,000 rooms.
Conversions helped drive signings activity, according to Marriott, contributing a robust 20,500 rooms, or approximately 20% of rooms signed during the year.
Half of the 2022 rooms signed were in international markets, including key growth markets such as India, Saudi Arabia, Mexico and the Caribbean.
The company’s global development pipeline now sits at over 3,000 properties representing more than 496,000 hotel rooms at the end of the year.
“We were pleased with the accelerating pace of development activity in 2022 as the global recovery continued,” said Marriott International CEO, Anthony Capuano.
“The proven resilience of travel is powerful and energizing. Given the attractiveness of our portfolio of global brands, top-ranked Marriott Bonvoy loyalty program, momentum around conversions, and commitment to innovation, we are excited to continue to help lead in the growth of travel.”
At the end of 2022, Marriott’s worldwide system consisted of nearly 8,300 properties and roughly 1.5 million rooms in 138 countries and territories.