Marriott International has announced plans to open 1,000 properties by end 2020, which will add an estimated 40% more job opportunities in the region, as part of its continued expansion plans in Asia-Pacific.
Of this target, 2019 alone will see close to 100 new hotels – or close to 20,000 rooms – made available in this region, many of which will come from brand debuts in Australia, Hong Kong, The Philippines, Nepal and India. Already, Marriott International’s portfolio in Asia Pacific spans over 710 properties in 23 countries and territories, where they celebrated their 100th Marriott International hotel milestone in 2018.
China sits strong as the international hotelier’s top growth driver in Asia Pacific with over 300 hotels in the pipeline – already accounting for half of the company’s targets in the region. These new openings include the first JW Marriott Marquis Hotel in China, the JW Marriott Marquis Hotel Shanghai Pudong; and the first Renaissance Hotel in Fujian province.
India remains their second fastest growing market. With a growing demand for upper upscale and luxury portfolios, over 50 properties are in the works, adding up to more than 30,000 new rooms by end 2023. The country will also expect to see the debut of the Tribute Portfolio with the opening of Port Muziris, Kochi, a Tribute Portfolio Hotel, slated to open in the second quarter of 2019.
Southeast Asia is also hot on the heels of new updates, the region looking at over 140 new hotels in the pipeline. Of these, Indonesia is leading in growth, while the Philippines is expecting to triple its hotel portfolio by 2023.