Marriott International consolidates its growth in the Caribbean and Latin America

Marriott International continues to grow steadily in the Caribbean and Latin America, reflecting the growing importance of the region as a global destination. Mexico, Panama, Brazil, Colombia and Puerto Rico lead the list of countries with the largest number of properties in the region.

Key financial indicators
The company registered a 6.8 percent increase in REVPAR in 2018 compared to the previous year, after reaching 102.10 in the last quarter of last year
The average daily rate rose to $ 164.37 in the last quarter of 2018, which represented an increase of 9.7 percent over 2017

Summary of Marriott International in the Caribbean and Latin America in 2018
-Marriott International in CALA (Caribbean and Latin America) closed the year 2018 with 249 properties in 33 countries, representing more than 53,000 rooms in the region.
-The hotel chain opened 14 properties last year, which added more than 1,300 rooms to its portfolio.
-Today, the region counts with the presence of 19 of Marriott International's 30 global brands, including Sheraton, Marriott, The Ritz-Carlton, W Hotels, Courtyard by Marriott, AC by Marriott and Fairfield Inn by Marriott.
-The 2018 closed with 123 hotels in project in the Caribbean and Latin America, which will add almost 20,000 rooms. Over the next 5 years, markets such as Mexico - with 49 properties under development - Colombia - with 10 hotels under project - Dominican Republic - with 9 hotels under project - and Peru - with 7 properties under project - will be consolidated as the countries of the region with greater number of hotels in projection.

The wide variety of brands present in the region reflects the great importance of CALA worldwide. The brands with the highest number of properties in the Caribbean and Latin America are:

Courtyard by Marriott (39)
Sheraton (36)
Marriott Hotels (28)
Four Points by Sheraton (20)
The Luxury Collection, JW Marriott and Fairfield Inn by Marriott (13 hotels each brand)

Luxury Sector
The luxury sector is emerging and very important in the region. Currently, the Marriott International luxury footprint in the Caribbean and Latin America accounts for approximately 12 percent of the global luxury footprint with 48 properties currently. This phenomenon continues to expand thanks to the presence of 59 luxury properties in the region.

Marriott Bonvoy
The company's new loyalty program, Marriott Bonvoy, introduced earlier this year to replace Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG), today offers unparalleled benefits and unique experiences thanks to its frank growth in the Caribbean and Latin America. Last year, the loyalty program closed with more than 4.1 million Marriott Bonvoy members in the region, with Mexico, Brazil and Argentina among the countries that lead the list of largest number of partners.
Since February 13, the company's experiential platform, Marriott Bonvoy Moments, can be accessed through marriottbonvoy.com/moments and will have more than 120,000 experiences in 1,000 destinations available for purchase or redemption through points. Members can book and win or exchange in 29 participating brands and more than 6,700 properties in 129 countries and territories.
Marriott Bonvoy is based on the belief that travel enriches us all and has the power to enrich the world. At the global level, the loyalty program has 125 million members.