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Thursday, November 26 - 2009

Marriott Global Sales Organization reports 26 per cent growth in FY 2004 - 2005

  • United Arab Emirates: Tuesday, May 02 - 2006 at 15:54
  • PRESS RELEASE

With a bright back drop dawning once again in the Middle East & Subcontinent economy; with the oil prices on the rise in the Gulf creating an avalanche of development opportunities in all industries and the IT market flourishing in the Subcontinent inviting an array of potential investors; Marriott's Global Sales Organization for the Middle East, Africa and Subcontinent has reported a 26% growth in sales in the financial year 2005 over 2004.

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  • Marriott at ATN.
    Marriott at ATN.
This was announced at a press conference held at Dubai's annual travel exhibition, the Arabian Travel Market.

"It goes without saying that the Middle East economy is booming. Oil prices are on the upsurge and the IT industry in India is currently thriving. The trends mirror the overall demographic and psychographic changes in the Middle East," said Samir Daqqaq, Vice-President, Global Sales Organization, "Increasing affluence amongst the Gen X and Gen Y, and their growing numbers in the Middle East, have led to a change in the holiday pattern of the region. Leisure travelers are now taking more short-haul vacations. Our customers are going to newer exotic destinations such as the Australia's Gold Coast, Koh Samui in Thailand, Tunis and Capri. However, there is still a healthy demand for the classic destinations like London, Paris, Vienna, Munich, Prague and Singapore."

Marriott has also witnessed a notable increase in bookings for its Middle East hotels being booked intra regionally.

"There has been a behavioral change in the buying patterns among the business traveler and the leisure traveler. The leisure traveler mainly looks for recreation and rejuvenation whether traveling alone or with a family. Our properties in Jordan Valley, Sharm el Sheikh, Cairo, Beirut, Amman and of course, Dubai have benefited from this new trend of shorter holidays. Some families make these trips as many as four times a year,"


added Daqqaq.

Predictably, with the approaching summer, the peak travel season for the Middle East, Marriott expects the stay duration to vary from 4 days to 2 weeks at destinations such as London, Paris, Cairo and Dubai. Travel to the US destinations is also gaining momentum with the relaxed visa issuances.

"The stay duration at our Asia-Pacific destinations is considerably longer. Holidays at Bangkok, Phuket or Kuala Lumpur extend to 4 weeks. In fact, Marriott properties in Kuala Lumpur have seen a surge in travelers from the Middle East, since its emergence as the supermarket for the Middle East," explained Daqqaq.
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For more information on stays at Marriott's 2700 lodging properties around the world, please contact your local Marriott Toll Free.

MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading lodging company with nearly 2,800 lodging properties in the United States and 66 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., and has approximately 143,000 employees at 2005 year-end. In fiscal year 2005, Marriott International reported sales from continuing operations of $11.6 billion.

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