Marriott Sees Healthy RevPAR, Expansion Through 2008

Marriott International plans to tell analysts and investors at a conference today in Miami Beach that it expects revenue per available room to grow between 8 percent and 10 percent this year. Marriott said the momentum would wane slightly but keep an upward pace between next year and 2008, a time during which the chain estimates RevPAR will grow at rates between 4 percent and 8 percent.

The company will continue to expand and boost market share with the addition of 75,000 to 90,000 hotel rooms worldwide between 2006 and 2008, the chain said in a release. Europe and Asia present the best growth opportunities, said the company, which plans to increase its European presence by 15 percent by the end of 2008 and have 75 hotels in China within 10 years.