Last week Marriott International released some key figures for fiscal year 2007. The first point that stands out is the drop in net income of 20% for the last quarter of 2007. Furthermore, Marriott cut its forecast for 2008 like its competitors such as Starwood Hotels & Resorts. For the whole year 2007 Marriott reported a rise in income of 14% to $696 million. Despite of the downturn Marriott is expected to expand its room inventory with 115,000 by 2009.
In Aruba meanwhile Marriott is finishing the last touches for the front of its timeshare resort Marriott’s Surf Club. Pretty soon all construction at Surfclub will be completed.
On the other side of the premises, the renovation efforts of phase one at Marriott Resort & Casino is almost done. Soon the second part is going to start, where the rooms are going to be completely renovated.
Marriott has shown – unofficial – interest in developing other properties elsewhere on the island. Aruba continues to be very lucrative for Marriott International.