Marriott (MAR) to Boost Asia Pacific Line-up With 100 Hotels Zacks.com 1/19/2021
Marriott International, Inc. MAR recently announced intention to boost its portfolio in the Asia-Pacific region by nearly 100 hotels in 2021. In the previous year, the company added 75 properties in the region.
Notably, the company continues to focus on global industry hygiene standards along with innovative offerings such as work anywhere packages as well as hyper-localised marketing and sales strategies to tide over the ongoing crisis.
In this regard, Craig S. Smith, group president, International, Marriott International, stated, We are grateful for the continued resilience and positivity demonstrated by our associates and for the confidence our guests, owners and franchisees continue to have in us. We remain well-positioned to meet the travel demands of our guests across Asia Pacific and the rest of the world.
Marriott Plans to Open Nearly 100 Properties in Asia Pacific in 2021 19 January 2021
Marriott International continues to expand its portfolio, expecting to open 100 properties in the Asia Pacific in 2021, bringing more brands and experiences to new destinations for guests across the region.
In 2020, the company celebrated its 800
th milestone hotel opening in the region with 75 properties added to its portfolio during the year, representing more than one opening per week across the region. Nearly 27,000 rooms were added to the region’s development pipeline in 2020 alone, in addition to the signing of Marriott’s largest branded residences project with close to 4,200 units.
Greater China has led the global recovery to date, and the company expects to soon celebrate its 400