“Our goal is to be everywhere our guests want us to be, with the right property in the right location at the right price point,” said Leeny Oberg, chief financial officer and executive vice president, development, Marriott International. Here’s how Marriott is doing just that.

Growth in the Caribbean and Latin America through property conversions

Last year, more than half of Marriott’s new rooms in the region were conversions, a signal that hotel owners see strength in the company’s distribution, reputation and 30+ brands. In the first quarter of 2023, there were already more than 3,000 conversion rooms in the works. Hotel owners cite greater visibility and the opportunity to leverage costs as part of a larger entity as reasons to join the Marriott fold.Among the most celebrated conversions to Marriott are Sanctuary Cap Cana, a Luxury Collection Adult All-Inclusive Resort, Dominican Republic, that was previously operating as an independent, and JW Marriott Hotel São Paulo, which brought Marriott’s luxury portfolio to the largest city in South America. Hospitality brands like Marriott can grow faster through conversions, especially when targeting particular regions of the world.

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