Marriott International, Inc. (NASDAQ: MAR) has announced the milestone opening of its 1,000th hotel in Asia Pacific, signaling its continued confidence in the region’s long-term growth potential. The company first debuted in the region over 50 years ago and has constantly expanded its presence across Asia and the Pacific.
The Ritz-Carlton, Melbourne, the company’s first property in Australia, is the company’s 1000th hotel in the Asia Pacific. It boasts a modern aesthetic, outstanding service, and panoramic city skyline views.
In 2023, the company plans to expand its presence in key Asia Pacific markets, including Australia, Indonesia, Japan, Thailand, Singapore, China, and India, by opening 100 hotels, or roughly two per week.
“The opening of Marriott International’s 1000th hotel in the 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 the Asia Pacific is a testament to our vision for growth in the years to come in the region,” commented Yibing Mao, president of 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.”
