Skift Take
Marriott recently held a four-hour event for investors that included 144 slides. Here are 5 of the most eye-catching ones.
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.
Marriott last Wednesday gave a multi-hour, 144-slide presentation to investment analysts, providing insights into strategy at the world's largest hotelier. Executives outlined their financial model through 2025.
Here are some key takeaways.
1. Marriott aims to grow its footprint. Marriott plans to add about 230,000 to 270,000 net rooms over three years. This would represent a three-year compound average growth rate of 5% to 5.5%. Net room expansion at that pace would represent a post-pandemic return to the company's decade-long average for net room expansion. The company also plans to spend as much as $870 million through 2025 to "support room g