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Sorenson: In 2018, we anticipate our rooms number will increase roughly seven percent gross Sorenson: In 2018, we anticipate our rooms number will increase roughly seven percent gross

Marriott International Announces Strong Q4 Results

Marriott International reported positive fourth quarter (Q4) 2017 results.

According to Arne Sorenson, president, Marriott International, the company opened over 76,000 rooms during 2017 to reach a total 1.25 million rooms.

Compared to combined full year 2016 results, global system-wide RevPAR rose three percent during 2017; adjusted operating income increased 13 percent; and adjusted earnings per share increased 32 percent.

“2017 was a terrific year,” stated Sorenson. “We made great progress on the integration of Starwood, […] we entered into a joint venture with Alibaba to better engage with Chinese customers, and invested in PlacePass […]. We also signed strategic new credit card agreements that will allow us to strengthen our customer offerings, […] and provide higher branding fees for Marriott.”