Intercontinental REPORT—Marriott Global Inc. continues to increase its portfolio, expecting to open 100 properties in Asia-Pacific in 2021, bringing much more models and ordeals to new destinations for company throughout the location. In 2020, the company celebrated its 800th milestone resort opening in the area with 75 qualities extra to its portfolio throughout the calendar year, representing more than 1 opening per week across the area. Nearly 27,000 rooms were being extra to the region’s advancement pipeline in 2020 by yourself, in addition to the signing of Marriott’s major branded residences venture with close to 4,200 models.
“I am proud of the way we have continued to grow and have moved speedily to adapt to the issues that arose from the pandemic,” stated Craig S. Smith, team president, worldwide, Marriott Intercontinental. “With the start of new world wide market hygiene requirements in April 2020, impressive offerings this kind of as do the job wherever packages and hyper-localized promoting and income tactics, our nimble and ahead-considering strategy will keep on to lead us as a result of the recovery. We are grateful for the ongoing resilience and positivity shown by our associates and for the assurance our attendees, house owners and franchisees go on to have in us. We keep on being very well-positioned to meet the travel requires of our visitors throughout Asia-Pacific and the rest of the globe.”
Larger China has led the world-wide recovery to day, and the company expects to soon rejoice its 400th lodge there and its 50th resort in Shanghai with the opening of JW Marriott Shanghai Fengxian in spring 2021.
In accordance to a joint report by consultancy Bain & Co. and Alibaba’s Tmall Luxury unit, Mainland China is on track to come to be the world’s greatest private luxury sector by 2025, even viewing 12 months-more than-yr domestic expansion in 2020 in spite of the pandemic. To leverage this trend, Marriott International proceeds to fortify its luxury portfolio with expected openings in 2021 these kinds of as W Changsha, W Xiamen, St. Regis Qingdao and The Ritz-Carlton Reserve Jiuzhaigou. With the predicted opening of the Ritz-Carlton Reserve, China will be the initially state in Asia-Pacific to house all of Marriott International’s luxury hallmarks.
Marriott’s leisure bookings in China have been especially strong, up more than 25% calendar year-in excess of-12 months in the third quarter in Mainland China, demonstrating the resiliency of need when buyers are snug that the virus is less than control and limitations can securely be lifted. The enterprise is introducing additional travel encounters throughout its manufacturer portfolio, together with at common leisure destinations these as Mianyang in the Sichuan province with the predicted opening of Sheraton Mianyang, as properly in the culturally-rich destination of Nanjing with the expected opening of The Westin Nanjing Resort & Spa.
Over and above Increased China, Marriott Intercontinental carries on to reinforce its footprint, with numerous anticipated manufacturer debuts throughout Asia-Pacific in 2021. In Japan, W Accommodations is anticipated to debut with the opening of W Osaka, while The Luxury Selection is also slated to debut in Australia with the opening of The Tasman in Hobart. The Ritz-Carlton brand is envisioned to make its debut in Maldives in early summer season.
Further expanding Marriott’s existence in resort locations, the JW Marriott model is slated to carry its luxury working experience to Jeju Island in South Korea with the prepared opening of JW Marriott Jeju in late 2021. The company’s signature wellness manufacturer, Westin, is also anticipated to debut in 1 of India’s top seashore locations, Goa, this summer.
To assist domestic travel in Japan, the firm ideas to open up six additional Fairfield by Marriott lodges during 2021 alongside ‘Michi-no-Eki’ roadside stations aimed at revitalizing the country’s local sightseeing spots. Japan expects to have more than 30 Fairfield by Marriott accommodations by the end of 2023. Australia’s Melbourne is predicted to see the opening of the country’s 2nd W Lodge with W Melbourne in spring and the opening of Melbourne Marriott Lodge Docklands in early 2021.
“The power of our pipeline is testament to the lengthy-expression growth potential clients in Asia-Pacific,” said Paul Foskey, chief progress officer, Asia-Pacific, Marriott Worldwide. “Despite a tough natural environment in 2020, we are delighted with the signings we have reached throughout the region during the 12 months. We have full gratitude to our entrepreneurs and franchisees for their belief in the resiliency of vacation and the strength of Marriott’s portfolio of manufacturers.”