At the 15th Hotel Investment Conference-South Asia, currently underway at the Grand Hyatt Mumbai, Marriott International charted its expansion plans for Asia-Pacific, with a goal of 1,000 hotels open throughout the region by year-end 2020.
In 2019, the company expects to add close to 100 new hotels with an estimated 20,000 rooms in the region, with several brand debuts in Australia, Hong Kong, The Philippines, Nepal and India. Marriott’s current portfolio in Asia-Pacific includes more than 710 properties in 23 countries and territories, operating under 23 of the company’s 30 global brands.
China, India and Indonesia
China continues to be the strongest growth driver for Marriott in the region, with more than 300 hotels in the pipeline, making up more than 50 percent of the company’s regional pipeline in the region. This year, Marriott plans to open more than 30 hotels, including two brand firsts: the 515-room JW Marriott Marquis Hotel Shanghai Pudong and the Renaissance Xiamen Resort & Spa in the Fujian province opening later this year. Also, the St. Regis brand is set to debut with the opening of St. Regis Hong Kong.
With its recent 100th Marriott International hotel milestone celebrated in 2018, India continues to be the company’s second-fastest growth engine in Asia-Pacific, with more than 50 properties in the pipeline. Marriott expects to reach more than 30,000 rooms open in India by 2023. The company expects to debut the Tribute Portfolio brand in India with the opening of Port Muziris, Kochi, a Tribute Portfolio Hotel slated for Q2
Marriott has more than 140 signed hotels in its Southeast Asia pipeline, with Indonesia leading growth, meeting the increasing demands of travel and tourism. In the Philippines, the company expects to more than triple its hotel portfolio by 2023. The Sheraton brand recently debuted in the country with the opening of Sheraton Manila Hotel.
The company also signed a deal to open the W Bali-Ubud. When it opens next year, the property will be the second W Hotel in Indonesia, joining the W Bali-Seminyak. The property is being developed in partnership with Indonesia’s Ruang Teknik Group. The hotel will have 100 guestrooms, including 10 villas.
Marriott expects to open 50 hotels in the Pacific region by 2020. Australia should see several brand debuts in coming years, including The Luxury Collection and The Ritz-Carlton. The Tasman, a Luxury Collection Hotel, expects to open in Hobart in late-2019, and the 205-room The Ritz-Carlton Perth is slated to open in June. The eco-conscious Element Hotels brand is expected to debut in Australia with the opening of Element Melbourne Richmond in Q3.