Marriott to Grow Russia and CIS Portfolio by Over 50 Percent to More than 30 Hotels by 2015

Leading global hotel operator Marriott International, Inc. (NYSE: MAR) is on track to double its portfolio in Europe from 40,000 rooms to 80,000 rooms by 2015. Marriott is fueling much of its growth in Europe with a strong focus on new development in Russia & CIS and today announced it will grow its existing portfolio in the region by more than 50 percent to more than 30 hotels open by 2015.

Leading global hotel operator Marriott International, Inc. (NYSE: MAR) is on track to double its portfolio in Europe from 40,000 rooms to 80,000 rooms by 2015. Marriott is fueling much of its growth in Europe with a strong focus on new development in Russia & CIS and today announced it will grow its existing portfolio in the region by more than 50 percent to more than 30 hotels open by 2015.

Amy McPherson, president and managing director for Marriott International in Europe, speaking from the Russia & CIS Hotel Investment Conference in Moscow today said, "Over the past 15 years we have developed a strong presence in Russia and CIS and are excited about the continued growth opportunities throughout the region for our expanding portfolio of brands."

McPherson added, "Russia also represents a tremendous opportunity for the travel sector. One of the world's fastest growing outbound travel markets, the country is now Marriott's fourth largest source market for travel in Europe fueled by a rising middle class with growing discretionary income. And with the robust growth here, we expect to see strong demand for travel in to Russia as well for both business and leisure travelers alike."

Marriott International currently operates 19 hotels in Russia & CIS across six lodging brands and has committed to opening an additional 11 hotels over the next three years including the:

  • The Ritz-Carlton, Almaty, Kazakhstan
  • Krasnodar Marriott Hotel, Russia
  • Tsaghkadzor Marriott Hotel, Armenia
  • Baku Marriott Amburan Beach Resort, Azerbaijan
  • Renaissance Kiev Hotel, Ukraine
  • Marriott Krasnaya Polyana Hotel, Russia
  • JW Marriott Sochi Golf Resort, Russia
  • Courtyard by Marriott Sochi Plaza Hotel, Russia
  • Krasnoyarsk Marriott Hotel, Russia
  • Voronezh Marriott Hotel, Russia ] Moscow Marriott Novy Arbat Hotel, Russia

Highlighting Marriott International's commitment to the Russia & CIS market, Carlton Ervin, chief development officer for Marriott in Europe said, "We are very focused on our development here and have augmented our development resources to enable us to meet our ambitious growth objectives for Russia and CIS. We see particular opportunity in the capital cities for our luxury and lifestyle brands including The Ritz-Carlton, EDITION and Autograph Collection, as well as great potential in the mid-tier segment for our Courtyard by Marriott brand in regional cities across Russia. "

Marriott International operates six brands across Russia & CIS-The Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Renaissance Hotels, Courtyard by Marriott and Marriott Executive Apartments.
NOTE: The statements about the number and opening dates for the new hotels in Russia and the CIS are "forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About Marriott International

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,100 properties across more than 30 leading brands in 142 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

About Marriott Bonvoy 

Marriott Bonvoy, Marriott International's award-winning travel platform, connects travelers to the people, places, and passions they love through an extraordinary collection of hotels and experiences worldwide. The platform features over 30 hotel brands and 10,000 destinations, including the largest collection of luxury offerings, distinctive boutique properties, premium home rentals, and more, providing renowned hospitality across the globe. With unrivaled access to the best in entertainment, culinary, sports, outdoor adventure, arts, culture, and more, Marriott Bonvoy offers transformative travel experiences that leave a lasting impression. 

Marriott Bonvoy membership is free and unlocks unique benefits including the ability to earn points through travel and everyday activities, like purchases with co-branded credit cards. Members can redeem their points for free stays, experiences and more. Visit marriottbonvoy.com for more information and download the Marriott Bonvoy app here. Travelers can connect with Marriott Bonvoy on InstagramTikTokYouTube, and Facebook

Development Development Europe Russian Federation

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.