Marriott International CEO Arne Sorenson concedes the company’s “hands are full” integrating Starwood, but he doesn’t believe the hotel chain is “done forever” in terms of mergers and acquisitions.
“We’re not going to go out and try to create the opportunities at the moment,” Sorenson said. “If opportunities pop up, we’ll have to assess them.”
In an interview with Skift at the International Hotel Investment Forum in Berlin last week, Sorenson said he also thinks rivals see the merit of further dealmaking within the sector.
“Since we announced the deal in November of ’15, there’s been a lot of industry chatter about, ‘OK, this is the first big consolidation of this era. Other companies are going to have to follow.’ And I think that is because … people understand the logic of it and think the logic makes sense. I think that’s one reason people say, ‘Alright other companies should follow,'” Sorenson said.
Read original article