Marriott International has announced it has reached the milestone figure of 250 open and signed hotels in Asia, with the 250th hotel to be located in Bo’ao in China.
This represents 129 open hotels plus a development pipeline of 121 projects - totalling more than 75,000 rooms in 15 countries.
“We are delighted to have reached 250 hotels in Asia and are looking forward to continued growth in the region,” explained Simon Cooper, Marriott International’s president and managing director, Asia Pacific.
“We are seeing growth across all countries in Asia and in the past few weeks have signed landmark hotels in key locations including Macau, Vietnam and India.
[stock]MAR|1m|right|Marriott strong following announcement[/stock]
“We continue to see excellent growth in China where we now have more than 100 open and signed hotels, and expect to open on average one hotel a month in the country for at least the next three years.”
Marriott International operates seven brands across Asia - The Ritz-Carlton, JW Marriott, Bulgari, Renaissance, Marriott Hotels & Resorts, Courtyard and Marriott Executive Apartments - and sees tremendous growth potential across all brands in the portfolio targeting different market segments from luxury to mid-scale.
India is another exciting growth market for us.
With more than 50 open and signed hotels, we expect to grow to about 100 hotels in the country, including Fairfield by Marriott, which was specifically designed for that market.
While Asia continues to deliver robust growth, China remains the strongest driver and Marriott International has ambitious plans in the country.
With the portfolio expected to double from the current 58 open hotels in the next three to four years, Marriott will increase its work force to well over 70,000 associates over the same time period.
“We see this as a golden age of travel around the world,” said Cooper, “and our Marriott hotels will be there to welcome all travellers, domestic and international. In the process, we are opening doors to a world of opportunity for our guests and associates alike, by offering great careers to our associates in China and across Asia, while delivering rewarding guest experiences across our growing brand portfolio.”