The put up WITH OVER 560 HOTELS AND RESIDENTIAL PROJECTS OPEN IN THE ASIA-PACIFIC AREA EXCLUDING CHINA, MARRIOTT INTERNATIONAL HAS A RECORD YEAR OF NET ROOM GROWTH AND SIGNINGS IN THE REGION appeared first on TD (Journey Day by day Media) Model TD.
2023 marked a superb yr for Marriott Worldwide within the Asia Pacific area excluding China with greater than 80 offers signed, including roughly 18,000 rooms in preparation for the area
SINGAPORE, January 31, 2024 /PRNewswire/ — Following the current announcement by Marriott Worldwide, Inc. (Nasdaq: MAR) on sturdy international internet room development and a document yr of natural signings in 2023, the corporate highlighted important will increase in resort and residence openings and signings within the Asia Pacific excluding China (APEC) area, particularly in key journey markets similar to Japan, Indiaand Vietnam. On the finish of 2023, Marriott set a milestone in APEC with greater than 60 properties added to its portfolio through the yr, bringing the corporate’s presence within the APEC area to greater than 560 working inns and residences, and exceeding 10 p.c internet room development in comparison with 2022. The corporate additionally recorded a document of over 80 signed contracts in 13 markets, representing roughly 18,000 rooms.
As tourism in APEC recovers and the journey panorama evolves, Marriott has continued to give attention to strategically delivering the most effective choices to homeowners, franchisees and friends. On the finish of 2023, Marriott’s APEC growth program included greater than 320 inns with greater than 69,000 rooms, demonstrating the corporate’s dedication to offering world-renowned manufacturers and numerous experiences, aligning with the rising preferences of vacationers throughout the area. Luxurious continues to play a key function in Marriott’s development, with 25 p.c of Marriott’s international luxurious room providing represented in APEC. In 2023, 15 p.c of signed offers in APEC had been within the luxurious section. A document 9 luxurious inns open within the area in 2023 — together with The Ritz-Carlton, Melbourne — Marriott’s 1,000th resort in Asia Pacific area. JW Marriott Goa debuted the model within the Goa and was from 150 firmsth resort to open South Asiaand added The Singapore EDITION, first EDITION in Southeast Asia. “With our document yr of development at Marriott Worldwide in APEC, we stay dedicated to assembly the calls for of recent vacationers highlighted by our numerous model portfolio and strategic presence in new locations,” he stated. Rajeev MenonPresident, Marriott WorldwideAPEC. “2023 has positioned us as a profitable and fascinating area within the international panorama. I am enthusiastic about our momentum as we give attention to being the place our clients need us to be and connecting individuals via the facility of journey.” Marriott Bonvoy—Marriott’s award-winning journey program—helped drive curiosity within the firm’s regional portfolio. At APEC, Marriott Bonvoy’s membership base has grown by 50 p.c since 2019. This momentum is attributed to the distinctive and unforgettable experiences this system gives, together with unique entry to prestigious occasions such because the Australian Open and System 1. Past resort lodging, Marriott Bonvoy continues to redefine regional journey panorama with strategic partnerships with Singapore Airways, Rakuten and co-branded bank cards in JapanKorea and India. The corporate’s dedication to offering distinctive experiences, coupled with the energy of Marriott Bonvoy, positions Marriott as a pacesetter in shaping the way forward for journey and hospitality throughout the APEC area. For extra info on Marriott’s newest developments and model information, go to the Marriott Information Heart at information.marriott.com.
Notice on forward-looking statements
This press launch accommodates “forward-looking statements” throughout the which means of United States federal securities legal guidelines, together with statements associated to signing contracts, anticipated future challenge openings and portfolio development; our growth pipeline; tempo and momentum of growth actions; future development alternatives; journey and lodging demand tendencies and expectations; and related statements concerning anticipated future occasions and expectations that aren’t historic info. We warning you that these statements will not be ensures of future efficiency and are topic to quite a few growing dangers and uncertainties that we could not have the ability to precisely predict or assess, together with threat components that we determine in our filings with the US Securities and Change Fee, together with our most up-to-date annual report on Type 10-Okay or quarterly report on Type 10-Q. Any of those components might trigger precise outcomes to vary materially from the expectations we categorical or indicate on this press launch. We make these forward-looking statements as of the date of this press launch and undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not because of new info, future occasions or in any other case.
About Marriott Worldwide
Marriott Worldwide, Inc. (NASDAQ: MAR) is headquartered in Bethesda, Maryland, USA, and features a portfolio of practically 8,800 properties throughout greater than 30 main manufacturers in 139 nations and territories. Marriott operates and franchises inns and licenses owned resorts worldwide. The corporate gives Marriott Bonvoy, its extremely awarded journey program. For extra info, go to our web site at www.marriott.com, and for the newest firm information, go to www.marriottnewscenter.com. Plus, join with us on Fb and @MarriottIntl on X and Instagram.
Media contact:
Ching Yee Wong
Vice President, Communications Marriott Worldwide, Asia Pacific excluding China
chingyee.wong@marriott.com
IRPR #1
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SOURCE Marriott Worldwide
The put up WITH OVER 560 HOTELS AND RESIDENTIAL PROJECTS OPEN IN THE ASIA-PACIFIC REGION EXCLUDING CHINA, MARRIOTT INTERNATIONAL RECORDS A RECORD YEAR OF NET ROOM GROWTH AND SIGNINGS IN THE REGION appeared first on Model TD.