Marriott is planning to open 17 new hotels in China over the next five years, a move which would bring its portfolio to 52 properties and more than 22,000 rooms.All of the new hotels will be operated under long-term management contracts and will span the company’s luxury JW Marriott, upscale Marriott and Renaissance, upper moderately priced Courtyard brand and its Marriott Executive Apartments brand for extended stay travelers.
China has shifted, from being one of the biggest recipients of foreign direct investment, to becoming a major investor according to the U.S. - China Business Council. Its economy will continue to outperform other major players on the global market and by 2050, China’s economy promises to be twice the size of that of the United States.
Marriott International-branded hotels opening in the next five years in China include:
- 320-room JW Marriott Hotel Hangzhou (2009)
- 340-room Courtyard by Marriott Hangzhou City Center (2009)
- 160-unit Sandalwood Marriott Executive Apartments Beijing (2009)
- 501-room Shanghai Marriott Changfeng Park (2009)
- 306-room Suzhou Marriott Hotel (2010)
- 306-room Shanghai Marriott Luwan Hotel (2010)
- 458-room Courtyard by Marriott Shanghai Zhabi (2010)
- 267-room Courtyard by Marriott Suzhou (2010)
- 330-room Courtyard by Marriott Nanjing City Center (2011)
- 330-room Renaissance Shanghai Putuo Hotel (2011)
- 712-room Shanghai Marriott Hotel City Center (2011)
- 315-room Xi’an Marriott Hotel (2012)
- 339-room Guangzhou Marriott Tianhe Hotel (2012)
- 211-unit The Galaxy, Guangzhou Marriott Executive Apartments (2012)
- 294-room JW Marriott Hotel Nanjing (2012)
- 400-room Tianjin Marriott Hotel (2013)
- 968-room Macao Studio City Marriott Hotel (2014)
Since China granted approved destination status (ADS) to 134 countries and regions in the beginning of last year, business and tourism traffic have grown tremendously, opening up investment opportunities inside China as well as paving the way for increased prospects outside of the country.
In 2008, the United States was the second fastest growing destination for Chinese outbound travel after Asia.