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Monday, April 21, 2014
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Marriott International Showcases Growth in Asia With the Addition of 186 Properties

19/10/2013 16:28 (183 Day 04:35 minutes ago)

The FINANCIAL -- As Marriott International, Inc. continues to help people “See the World,” the company said it will open six hotels in Asia this month from its Ritz-Carlton and JW Marriott brands.

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The company’s growth of The Ritz-Carlton brand continues apace with openings in Chengdu, Tianjin and Bangalore this month, while its JW Marriott brand will open hotels in Hanoi, Bangalore and Delhi.


With 186 hotels in its signed pipeline, more than 135 of which it expects to open in the next three years, Marriott expects to more than double in size in Asia through 2016, reaching at total of 330 hotels with more than 96,000 rooms across 16 countries. During this time the company expects to open on average one hotel in the continent every eight days, according to Marriott International, Inc.

 

“This is an exciting time for Marriott as we join with our local hotel development partners in contributing to Asia’s future growth,” said Arne Sorenson, president and CEO, Marriott International. “Our explosive expansion across the region reflects the popularity of our brands in Asia with owners and customers alike, and with a hotel opening almost every week across the continent we will be poised to welcome travellers from the world over. To expect to have some 330 hotels in the next three to four years represents phenomenal success of our brands and the commitment of our owners, but to be opening six iconic hotels from two of our world-class luxury brands this month alone is incredible,” Sorenson added.


Marriott already operates a broad portfolio of world-class brands in Asia – Bulgari hotels & Resorts, The Ritz-Carlton, JW Marriott, Renaissance, Autograph Collection, Marriott hotels , Courtyard and Marriott Executive Apartments - and sees tremendous growth potential across all brands in the portfolio targeting different market segments. The company expects to open 50 hotels under its flagship Marriott hotels brand alone in the region during the next few years, according to Marriott International, Inc.

Marriott is also adding to its brand portfolio in Asia, with the introduction of Fairfield by Marriott into India just last week, and the expected arrival of EDITION into Bangkok in 2016. Fairfield is a significant new brand launch for the company, with 12 hotels signed for India, and additional properties under construction in Indonesia and Nepal.

 

 

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Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (4 Day 04:10 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

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