Marriott International will open an average of one hotel every week in the Asia Pacific region over the next three years.
The US hotel company revealed that its regional portfolio will double in size between now and the end of 2016, reaching 330 hotels with more than 96,000 rooms across 16 Asian countries.
Globally, Marriott signed more than one new hotel per day in 2013, for a record 387 signed hotels, totalling 67,000 rooms. This increased the company’s total development pipeline by more than 30%. By the end of 2013, Marriott had more than 195,000 rooms under development across five continents, with 72,000 rooms already under construction.
And Marriott’s chief development officer, Tony Capuano, said the strength of emerging markets including Asia and Africa was driving the company’s growth.
“Marriott’s determined focus on powerful brands and global growth has delivered unparalleled results,” said Capuano.
“In 2013, we completed the largest number of new hotel deals in our company’s history, a pace of more than one new hotel project every day, benefitting from our partners’ improved access to capital, rising consumer demand in major markets, the impact of the growing middle classes in Asia and Africa, and greater international travel than ever before,” he added.
Marriott has already continued its expansion into these emerging markets in 2014, with the acquisition of Protea Hospitality. This instantly makes Marriott the biggest hotel group in Africa.
And new Marriott hotel openings in Asia this year will include the Beijing Marriott Hotel Central, Renaissance Chengdu Hotel, Courtyard Hangzhou Qianjiang, Harbin Marriott Hotel, Shanghai Marriott Hotel Parkview, JW Marriott Hotel Zhengzhou, Courtyard by Marriott Bali Seminyak, Courtyard by Marriott Tokyo Station, Osaka Marriott Miyako Hotel, Astana Marriott Hotel and JW Marriott Dongdaemun Square Seoul.
Marriott International now has a portfolio 3,900 properties in 72 countries and territories around the world.
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