Marriott International plans to double its hotels in the Caribbean and Latin America within the next five years.
Arne Sorenson, the new chief executive of Marriott International, made the announcement at the Americas CEO Summit in Cartagena, Colombia, adding that he expects Marriott’s current system wide workforce of 13,000 employees in the region will grow to 27,000 by the end of 2017.
The company expects to double its presence in Colombia, with new Marriott hotels in both Cartagena and Cali.
This year’s hotel openings in the region include the first Ritz-Carlton Reserve in the region at Dorado Beach, Puerto Rico to the JW Marriott in Cusco, Peru and the Courtyard by Marriott at Mexico City Airport.
Currently, Marriott has 35 hotels signed and under development in the Caribbean and Latin America. These include The Ritz-Carlton Aruba, The Ritz-Carlton Panama City (Panama), JW Marriott Cusco (Peru), Port-au-Prince Marriott Hotel (Haiti) and the Renaissance Santiago (Chile). By 2017, Marriott envisions its portfolio in the region rising to over 140 hotels and 30,000 rooms either opened or in the development pipeline.
Marriott International currently has 69 hotels in 25 countries in the Caribbean and Latin America. Nine of Marriott’s 18 brands are represented in the region.
"Latin America is booming, in terms of economic growth and political and institutional stability, which is creating a promising business climate." said Sorenson. "The rising middle class throughout the region is eager to travel to new places and do business on the road. Worldwide, we're seeing a golden age of travel, and Latin America is at the forefront. This, when combined with the strong performance and preference of our brands in the gateway markets, provides tremendous opportunity for Marriott's world class brands and service."