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 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.”