Why Marriott's Expansion in Africa Could Mean Long-Term Gains

Marriott International announced in 2014 that it was acquiring a relatively small hotel company in Africa, called Protea Group, taking over its 116 properties in seven countries. The move made Marriott the largest hotel company on the continent, and it would turn out to be just the start of Marriott’s vision for how the hotel behemoth would serve travelers across Africa.

Here’s why Marriott’s expansion in the region could mean long-term gains.

Marriott doubles down on expansion in Africa

Marriott opened its first property in sub-Saharan Africa, the 254-room Kigali Marriott in Rwanda, in early October. The Protea acquisition was one of a few recently announced deals that will increase Marriott’s expansion across multiple countries in the African continent with new hotels from various brands. The deals include new properties in South Africa, Kenya, Egypt, and Mauritius.

Read more: Why Marriott’s Expansion in Africa Could Mean Long-Term Gains — The Motley Fool