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Marriott Plans to Double European Hotel Rooms by 2020

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Marriott International Inc. plans to double the number of hotel rooms it has in Europe within five years to take advantage of growth in tourism and business travel.

The world’s second-largest publicly traded hotel company will have signed or opened 150,000 rooms in the region by 2020, compared with 74,000 now, according to a statement Monday. Most of the growth will come from properties aimed at business and budget travelers through the Moxy Hotels and Courtyard brands.