Marriott planning thousands of new hotels by 2021

Credit: Scott Olson

Credit: Scott Olson

Marriott plans to open more than 1,700 new hotels over the next three years.

>> Read more trending news

The hotel giant made the announcement Tuesday that it’s planning to add between 275,000 to 295,000 rooms by 2021.

The new rooms would add $400 million in fee revenue in 2021 and $700 million annually when stabilized, according to a news release.

The company credited its growth to a rich loyalty program, profitability of current hotels and a range of brands by Marriott.

About the Author