MARRIOTT INTERNATIONAL CELEBRATES 1,000 HOTELS IN ASIA PACIFIC
Company expects to open roughly two hotels per week in the region in 2023
SINGAPORE, March 23, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced the milestone opening of its 1,000th hotel in Asia Pacific, signaling its continued confidence in the long-term growth potential of the region. The company entered the region nearly 50 years ago and has steadily increased its Asia Pacific footprint.
The Ritz-Carlton Melbourne
The Ritz-Carlton, Melbourne is the company's 1000th property in Asia Pacific and marks the brand's entry into the Australian city, showcasing a contemporary aesthetic, renowned service, and panoramic views above the city skyline.
The company anticipates adding 100 hotels – roughly two hotels per week – in Asia Pacific in 2023, expanding its footprint in key Asia Pacific markets including Australia, Indonesia, Japan, Thailand, Singapore, China, and India.
"The opening of Marriott International's 1000th hotel in Asia Pacific is a true milestone, underscoring our confidence in the overall travel outlook, our ability to take hospitality to new heights with our associates and owners, and the power of Marriott Bonvoy in 2023 and beyond," said Rajeev Menon, President, Asia Pacific (excluding Greater China), Marriott International. "We're particularly thrilled to be expanding our footprint in new and emerging markets."
"Being able to celebrate the opening of Marriott's 1000th hotel in Asia Pacific is a testament to our vision for growth in the years to come in the region," commented Yibing Mao, President, Greater China, Marriott International. "Greater China represents over half of the portfolio in terms of rooms in Asia Pacific, and remains a strategic and vibrant market with tremendous growth potential. Together with the other markets in the region, the opportunities are exciting, and we look forward to building on this noteworthy milestone."
Strengthening Portfolio in Asia Pacific
Growth in Asia Pacific is expected across multiple brand portfolio segments, anchored by the award-winning Marriott Bonvoy® travel program, a significant driver of hotel guest loyalty and occupancy rates.
Luxury Leads with Distinct Debuts – Across Marriott International's luxury brand portfolio, 12 additional properties are expected to open in popular and emerging Asia Pacific destinations by the end of 2023. Notable openings include: The Ritz-Carlton brand's refined elegance is set to expand in Japan with the country's sixth Ritz-Carlton opening in Fukuoka. The Ritz-Carlton Reserve is slated to debut in the mountain valley of Jiuzhaigou in China with the opening of Rissai Valley, a Ritz-Carlton Reserve. Luxury lifestyle brand, W Hotels, expects to celebrate its third hotel in Australia with the opening of W Sydney and plans to debut in Macau's Studio City. JW Marriott anticipates delivering mindful experiences in captivating destinations from Jeju Island, South Korea, to Xi'an, China and Goa, India.
Pronounced Premium Presence – Marriott International's premium brand portfolio includes Marriott Hotels, Sheraton, Westin, Le Meridien, the Autograph Collection, and more. The company expects over 30 additions this year in Asia Pacific across this brand segment. Sheraton Hotels & Resorts, the company's most global brand, continues its transformation momentum in the region by exemplifying its modernized design concept with upcoming openings planned in destinations including Kagoshima in Japan and Colombo in Sri Lanka. The company's leading wellness brand, Westin Hotels & Resorts, anticipates adding five hotels in Asia Pacific, including its debut in Manila, Philippines. In addition, the Autograph Collection intends to add its first hotel in Thailand with Madi Paidi, Bangkok.
Select Service Scales – Marriott's select service portfolio continues to drive growth in the region, accounting for nearly 50 percent of planned openings in 2023. Marriott's select service brands provide a wide-range of offerings across well-established brands such as Courtyard by Marriott, Fairfield by Marriott, Four Points by Sheraton, AC Hotels and Moxy Hotels. Fairfield by Marriott, known for its calm aesthetic and thoughtfully simple design, anticipates adding 19 properties in Asia Pacific, including seven hotels in the prefectures of Japan, eight hotels in Greater China and two hotels each in India and Indonesia. Courtyard by Marriott expects to add 11 new hotels, delivering smart design and modern comfort to both business and leisure travelers in cities such as Hangzhou, China; Bangkok, Thailand; Malacca, Malaysia and Shillong, India.
Marriott Bonvoy Celebrates 1000th Milestone
Points – In celebration of the 1000th hotel in Asia Pacific, Marriott Bonvoy members can earn 1,000 bonus points and an additional Elite Night Credit. Promotional details and registration: www.marriottbonvoy.com/earntwice
Cheers! – Guests will also be able to join in the celebration by enjoying a specially created limited edition celebratory beverage – The Melb-presso 1000 – inspired by the coffee culture of Melbourne with a nod to Marriott's 1000th hotel milestone in Asia Pacific. The beverage will be available through April 23, 2023 in both alcoholic and non-alcoholic versions across all 1,000 Marriott International hotels and resorts in Asia Pacific.
Note on Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to our development pipeline; expected hotel openings and additions; brand debuts in certain markets; our growth prospects in the Asia Pacific region; the power of Marriott Bonvoy; travel trends and expectations; and similar statements concerning possible future events or expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these statements as of the date of this press release, and we undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,300 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.
Source: Marriott International Related Stocks: NASDAQ:MAR
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