Marriott International, Inc.
The hotels are owned and were developed by Fibra Hotel and are operated by Marriot International. These hotels reflect the beauty of classic modern designs and combine European and local influences. Following the brand’s success in Europe, a joint venture was formed with Marriott international in 2011, which launched AC hotels by Marriott globally in France, Denmark, the United States and then Mexico.
The latest openings are the first for the Caribbean and Latin America region. By the end of 2016, the brand plans to open hotels in Mexico City, Panama City, Santiago in Chile and two hotels in Rio de Janeiro in Brazil, ahead of the summer Olympic Games.
The consistent economic growth in emerging markets like Mexico and the growing affluent middle class are driving both business and leisure travel. Additionally, such emerging markets bring in more international tourists, thus raising brand awareness locally as well as internationally, as well as meeting the demand for leisure travel.
Marriott currently has a Zacks Rank #3 (Hold).
Better-ranked stocks in the same sector are Intrawest Resorts Holdings, Inc.
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