MARRIOTT INTERNATIONAL REPORTS POSITIVE FIRST QUARTER RESULTS FOR MIDDLE EAST AND AFRICA
REVPAR UP 11.2% IN Q1 2013
· INCREASE DRIVEN BY 4.1% GROWTH IN OCCUPANCY & STRONG ADR GROWTH
Dubai, United Arab Emirates – 5th May 2013 – Together with the Marriott International, Inc. (NYSE:MAR) 2013 first quarter results, which reported a 31 percent increase compared to first quarter 2012, the company has announced an 11.2 per cent increase in RevPAR figures across the Middle East and Africa for first quarter compared to the same period in 2012.
Driven predominantly by a 4.1 percent growth in first quarter occupancy for the region, the company’s quarterly results clearly demonstrate global traveller’s desire to stay at Marriott International properties, comprising some of the world’s strongest and most respected brands.
Marriott International has played a significant role in fuelling regional travel – the number of visitors expected to rise from over 70 million in 2011 to 195 million by 2030. New figures that highlight Marriott International’s remarkable regional development with plans to double its footprint in the Middle East and Africa by 2017, which currently has 45 announced hotels with 10,875 rooms due to join regional portfolio by 2018
Commenting on the company’s positive first quarter results, Alex Kyriakidis, President and Managing Director of Marriott International, Middle East and Africa, said: “These remarkable results clearly re-emphasise Marriott International’s commitment to the Middle East and Africa region, continuing to contribute to the ongoing growth of the region’s hospitality industry. Our system continues to improve, and with our focus on the company’s flagship brand, Marriott Hotels and Resorts, as well as the extended stay sector and mobile technology, there is a lot more to come in 2013.Marriott International will be perfectly placed to accommodate the increasing number of visitors to the region.”
 According to UNWTO Secretary-General Taleb Rifai Marriott International’s portfolio in the Middle East and Africa currently comprises 43 properties in 12 countries, offering 12,919 rooms across seven lodging brands. It is set to expand by 45properties and 10,875 rooms by 2018.
Marriott International, Inc. (NYSE: MAR) on 1st May 2013 reported first quarter 2013 results. Due to the company’s change in the fiscal calendar beginning in 2013, the first quarter of 2013 reflects the period from December 29, 2012 through March 31, 2013 (93 days) compared to the 2012 first quarter, which reflects the period from December 31, 2011 through March 23, 2012 (84 days). Prior year results have not been restated for the change in fiscal calendar, although revenue per available room (REVPAR), occupancy and average daily rate statistics are reported for calendar quarters for purposes of comparability.
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 3,800 properties in 74 countries and territories and reported revenues of nearly $12 billion in fiscal year 2012. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
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