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Marriott planning thousands of new hotels by 2021 |

Marriott planning thousands of new hotels by 2021
Marriott planning thousands of new hotels by 2021 Tue, 19 Mar 2019 22:16:25 EDT

Marriott plans to open more than 1,700 new hotels over the next three years.

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The hotel giant made the announcement Tuesday that it’s planning to add between 275,000 to 295,000 rooms by 2021.

The new rooms would add $400 million in fee revenue in 2021 and $700 million annually when stabilized, according to a news release.

The company credited its growth to a rich loyalty program, profitability of current hotels and a range of brands by Marriott.