Marriott (MAR) Sees Solid 2023 Unit Growth, Signings Grow Y/Y
MARMarriott International(MAR) Zacks Investment Research·2024-01-23 23:56

Marriott International, Inc. (MAR) celebrated a remarkable year in 2023, setting a new record in global signings with a substantial 52% increase in organic rooms compared with 2022. The company reported robust net room growth of 4.7%, reaching over 1.597 million rooms. The development pipeline at the end of 2023 stood at a record 573,000 rooms, marking a 15% year-over-year rise. Throughout 2023, Marriott inked a record number of organic management and franchise agreements, averaging nearly 2.5 deals per day ...