Marriott International has had a bumper year when it came to signing new rooms in 2019, with 515,000 now in the pipeline to be opened.
The company signed 815 new agreements, representing more than 136,000 rooms, marking the seventh consecutive year of record-breaking volume of organic room-signings. During 2019, the company added 516 properties with more than 78,000 rooms in 60 countries and territories -- an average of one new property every 17 hours.
"With growth and loyalty as the cornerstones of our company's success, our unrivaled 2019 signings illustrate our winning strategy, which combines leading brands, powerful business platforms and an enduring focus on our associates," said Tony Capuano, Group President, Global Development, Design and Operations Services, Marriott International.
At the end of 2019, Marriott International's worldwide system consisted of more than 7,300 properties and roughly 1.38 million rooms in 134 countries and territories. More than half of the company's record global development pipeline is located outside North America.
53% of Rooms Outside North America
In 2019, 53 percent of the company's signed rooms were outside North America with record-breaking organic volumes in the company's Asia Pacific (38,000 rooms), Europe (17,000 rooms), Caribbean and Latin America (more than 9,000 rooms), and Middle East and Africa (8,000 rooms) regions. Additionally, in 2019, Marriott International debuted its first hotels in four additional countries -- Cyprus, Moldova, Kyrgyzstan and Latvia.
Marriott International did a record-breaking number of deals for its global luxury hotel brands. In 2019, the company signed 42 luxury projects in 27 countries and territories.
Last August, Marriott launched its all-inclusive platform to bring its brands, scale and trusted service to this growing, global vacation segment. Among the all-inclusive projects in development are an 800-room Marriott Hotels resort in Jamaica and a 240-room Ritz-Carlton resort in Mexico. The company last year also completed its acquisition of Elegant Hotels Group, which consists of seven hotels and 588 rooms located on the picturesque island of Barbados.
The company signed nearly 24,000 rooms across the AC by Marriott, Moxy and Aloft brands during the year -- with record room signings for both AC by Marriott and Moxy.