Marriott International opens two new Residences
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Addressing the growing importance of the extended stay segment, Marriott International announced the opening of its two new Residence Inn properties in Kuwait and Saudi Arabia.
According to the Company, the openings are in response to increased demand, highlighted by a 13% rise in year on year RevPAR rates within its own extended stay-portfolio.
By 2018 the company will see opening of 12 hotels across the MEA, which together will add 1228 rooms to the extended stay sector. Within the Marriott Executive Apartments brand alone, six properties in Saudi Arabia, Iraq, Gabon, and Ethiopia will open in the next couple of years. The openings form part of a pipeline of upcoming Residence Inn by Marriott, and Marriott Executive Apartments extended-stay properties within the region.
“The region’s extended-stay segment continues to go from strength to strength, boosted by both economic growth as well as a new generation of travellers,” said Alex Kyriakidis, president and managing director, Marriott International Middle East and Africa. “While we are seeing rising demand for extended-stay accommodation across the board, it’s particularly important to note that nearly a quarter of our Gen-Y guests stay in our MEA hotels for five or more nights.”
The Residence Inn by Marriott Kuwait City offers 139 suites while the Residence Inn by Marriott Jazan in Saudi Arabia offers 79 suites.
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