Marriott is planning to open 17 new hotels in
China over the next five years, a move which would bring its
portfolio to 52 properties and more than 22,000 rooms.
All of the new hotels will be operated
under long-term management contracts and will span the company’s
luxury JW Marriott, upscale Marriott and Renaissance, upper
moderately priced Courtyard brand and its Marriott Executive
Apartments brand for extended stay travelers.
China has shifted, from being one of the biggest recipients of
foreign direct investment, to becoming a major investor according
to the U.S. – China Business Council. Its economy will continue to
outperform other major players on the global market and by 2050,
China’s economy promises to be twice the size of that of the
United States.
Marriott International-branded hotels
opening in the next five years in China include:
- 320-room JW
Marriott Hotel Hangzhou (2009) - 340-room Courtyard by Marriott
Hangzhou City Center (2009) - 160-unit Sandalwood Marriott
Executive Apartments Beijing (2009) - 501-room Shanghai
Marriott Changfeng Park (2009) - 306-room Suzhou Marriott
Hotel (2010) - 306-room Shanghai Marriott Luwan Hotel (2010)
- 458-room Courtyard by Marriott Shanghai Zhabi (2010) -
267-room Courtyard by Marriott Suzhou (2010) - 330-room
Courtyard by Marriott Nanjing City Center (2011) - 330-room
Renaissance Shanghai Putuo Hotel (2011) - 712-room Shanghai
Marriott Hotel City Center (2011) - 315-room Xi’an Marriott
Hotel (2012) - 339-room Guangzhou Marriott Tianhe Hotel (2012)
- 211-unit The Galaxy, Guangzhou Marriott Executive Apartments
(2012) - 294-room JW Marriott Hotel Nanjing (2012) -
400-room Tianjin Marriott Hotel (2013) - 968-room Macao Studio
City Marriott Hotel (2014)
Since China granted approved
destination status (ADS) to 134 countries and regions in the
beginning of last year, business and tourism traffic have grown
tremendously, opening up investment opportunities inside China as
well as paving the way for increased prospects outside of the
country.
In 2008, the United States was the second fastest growing
destination for Chinese outbound travel after Asia.
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