Today, Marriott is the biggest hospitality chain the world has ever seen, yet Sorenson is still gunning ahead. “We’re competing to win, not just today, not just in 2019, but in 2030 and decades from then. We’ve been in business for 91 years and are much more interested in succeeding in the long term than the short term,” he says.
Despite losing 1,400 rooms at Al Habtoor City, Marriott will have opened five more properties in the UAE by the end of 2018.
Over the next five years, the chain will add 20 more properties in the country. In Saudi Arabia, Marriott is even more bullish. A $2bn investment over five years will yield the delivery of 27 hotels on top of the 25 currently in operation.
(Source: Arabianbusiness.com YouTube channel)