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Hotel group Marriott International expects revenue per available room (RevPAR) to increase in 2011.
The US-based hotel firm saw a rise in RevPAR globally of 5.8% in 2010, Marriott’s annual results reveal.
In the coming year, Marriott has predicted that RevPAR will rise by a further 8% on a global basis, prompted in part by a rise in room rates.
In 2011, the hotel group plans to open 35,000 rooms to its portfolio, some 9,000 of which will come from its tie-up with European chain AC Hotels.
Marriott also announced it will separate its hotels and timeshare businesses into two separate, publicly traded companies.
JW Marriott Jr, Marriott International’s CEO, said the split will allow both companies to “tailor their business strategies to best address market opportunities”.
He said the hotels business “will further advance its longstanding strategy of separating real estate from management and franchise operations”.
“Day-to-day operations at both companies should not be affected by this transaction,” he added.