At The Americas Lodging Investment Summit, Marriott International Announced The Company's Global Signings With 52% More Organic Rooms Signed In 2023 Than In 2022. The Company Also Announced That It Achieved Net Rooms Growth Of 4.7% In 2023
Portfolio Pulse from Benzinga Newsdesk
Marriott International announced at The Americas Lodging Investment Summit significant growth in its global signings, with a 52% increase in organic rooms signed in 2023 compared to 2022. Additionally, the company achieved a net rooms growth of 4.7% in 2023.
January 22, 2024 | 12:23 pm
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Marriott International's announcement of a 52% increase in organic room signings and a 4.7% net room growth in 2023 indicates strong expansion and operational performance.
The significant increase in organic room signings suggests robust demand and an expanding footprint for Marriott, which is likely to be viewed positively by investors. The net room growth of 4.7% further underscores the company's successful expansion strategy. These factors are expected to contribute positively to investor sentiment and potentially to the stock price in the short term.
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