Marriott International Celebrates Record-Breaking Development Year Across Europe, Middle East & Africa Region with Nearly 300 Deal Signings in 2024

Marriott International, Inc. (Nasdaq: MAR) announced another year of strong growth across Europe, Middle East & Africa (EMEA) with a record-breaking number of annual signings of 291 deals representing over 34,000 rooms in 2024.  The company added over 180 properties to its operating portfolio in EMEA last year, expanding its product offerings in the region across travel purposes and segments – from affordable midscale to luxury, as well as entering three new markets – Luxembourg, Angola and Senegal.

“We celebrated exceptional growth across the EMEA region in 2024 with a record-breaking number of deal signings, growth across all segments and entry into emerging markets – further enhancing our portfolio and bringing even more unique travel experiences to the region,” said Satya Anand, President, Europe Middle East & Africa, Marriott International. “We remain focused on connecting people through the power of travel and look forward to building on this growth momentum to offer our owners, Marriott Bonvoy members and customers even greater options to extend their horizons.”

Following the record year of deal signings in the region, the company’s total pipeline for EMEA grew to 596 properties at year-end, representing 104,731 rooms (a 10% increase from the previous year).  Conversions drove growth across segments and markets in EMEA, representing 45% of the region’s rooms signings in the year. The company saw exciting development activity in Denmark, Germany, Saudi Arabia, Türkiye and the United Kingdom, all of which led the way with the highest number of signed deals in EMEA in 2024.

Jerome Briet, Chief Development Officer, Europe, Middle East & Africa added, “Our growth achievements in the past year, particularly in the conversion space, reflect the trust our owners have in Marriott International and the power of our well-established brands, competitive affiliation costs, powerful revenue generation engines and award-winning loyalty program. This region continues to offer tremendous opportunities for us to expand into new segments and markets, catering to the evolving needs of both domestic and international travelers.” 

Marriott witnessed strong growth in the EMEA region across all segments in 2024.  Signings highlights included:

• Marriott signed 26 deals in EMEA across its luxury brands, further expanding its pipeline of luxury projects in the region to more than 80 hotels and resorts at year-end.
• Four Points Flex by Sheraton, the company’s conversion-friendly midscale brand in EMEA, celebrated 34 deal signings in Europe – representing the most signings across Marriott Bonvoy brands in the region in 2024.
• In the premium segment, Autograph Collection, Tribute Portfolio and Marriott Hotels signed a combined 50 deals in the region in the past year.
• Courtyard by Marriott, Four Points by Sheraton and Moxy Hotels spearheaded the company’s growth in the select service segment with 39 deal signings in EMEA in 2024.
• Marriott continues to see momentum in the branded residential segment across EMEA with 11 project signings across the region in 2024, bringing its total EMEA residential portfolio to 72 locations at year-end (42 projects in the pipeline and 30 open locations).

In 2024, Marriott also added 181 properties and nearly 20,000 rooms to its operating portfolio in EMEA. Openings highlights included:

• Ritz-Carlton Reserve made its highly anticipated debut in the EMEA region with the opening of Nujuma, a Ritz-Carlton Reserve in the Red Sea, Saudi Arabia.
• W Hotels expanded its footprint in the region with the highly anticipated opening of W Prague.
• Regis further expanded into Serbia and Oman with the openings of The St. Regis Belgrade and The St. Regis Al Mouj Muscat Resort.
• The Luxury Collection announced the opening of four properties - Koenigshof, a Luxury Collection Hotel, Munich in Germany, Hôtel du Couvent, a Luxury Collection Hotel, Nice in France, Bab Samhan, a Luxury Collection Hotel, Diriyah in Saudi Arabia and Sansarayan Han, a Luxury Collection Hotel, Istanbul in Türkiye.
• Fairfield by Marriott Copenhagen Nordhavn opened in Denmark’s capital city,marking the brand’s first property in Europe.
• Moxy Hotels celebrated 10 years of stylish and playful hospitality in Europe with six openings including the brand’s debut in Spain with Moxy Barcelona and the addition of Moxy Luxembourg Airport, which marked the company’s debut in Luxembourg.
• Marriott also made its entry into Angola and Senegal with the openings of Protea Hotel Luanda and Courtyard Dakar Diamniadio.

As Marriott continues to expand its offerings, the breadth and depth of the company’s portfolio remains well-positioned to offer a compelling value proposition for developers. To learn more about Marriott’s development opportunities and updates, visit https://www.hotel-development.marriott.com/.

ABOUT MARRIOTT INTERNATIONAL, INC.

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott’s news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.

NOTE ON FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of United States federal securities laws, including statements related to our expectations regarding deal signings and expected future project openings; our development pipeline; owner interest and demand for our brands and certain offering types; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.