Marriott International has opened its 7,000th property: The St. Regis Hong Kong.
Calling the hotel an "incredible milestone" for the company, Arne Sorenson, president/CEO of Marriott International, said the property "underscores the benefits of our merger with Starwood, the importance of luxury and the tremendous opportunity in Asia."
Marriott’s pipeline has been growing with an increasing number of legacy-Starwood brand hotels, including St. Regis, Luxury Collection and W.
“Our newest luxury hotel, The St. Regis Hong Kong, is a testament to our well-defined global growth strategy,” said Tony Capuano, Marriott’s EVP/global chief development officer, estimating the luxury brands would boost the company's global footprint by 25 percent in the next three years.
The milestone follows Marriott’s announcement in March that it expects to add more than 1,700 additional hotels by the end of 2021, including about 320 hotels in Asia-Pacific.
According to STR data, Marriott’s overall open hotels and signed pipeline at the end of 2018 totaled a combined 1.69 million rooms, which exceeds that of its next competitor by 36 percent.