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Marriott International announced during the 11th International Luxury Travel Market (ILTM) in Shanghai that the group will add more than 100 properties to its Asia Pacific portfolio that currently has 113 luxury hotels. The new additions in Asia will constitute half of the 200 new luxury hotels that the group has in the pipeline. The additions will boost the number of properties globally from 365 to well above 500, under the eight brands of The Ritz Carlton, Ritz-Carlton Reserve, St. Regis, W Hotels, JW Marriott, the Luxury Collection, Edition and Bulgari. More than half of the group’s new hotels in Asia will be in China, in major cities such as Shanghai and Suzhou. Its presence will also be boosted in emerging luxury destinations in Tasmania and Sri Lanka. “Asia Pacific is the fastest growing market for Marriott International outside of North America, with the luxury segment averaging one new hotel every month this year,” said Peggy Fang Roe, Chief Sales & Marketing Officer, Marriott International, Asia Pacific. “This region continues to see a growing numbers of high net worth individuals, which combined with dynamic economic growth, has created a strong increase in demand for luxury hotel experiences, which Marriott International will continue to meet.” |
