Marriott sees strong potential in Asia market, to open new hotels

Marriott sees strong potential in Asia market, to open new hotels

Hong Kong: Hotelier Marriott International Inc said on Wednesday it sees a strong Asia market and had signed 21 hotel and resort management contracts in the Asia Pacific region.

The hotels with a total of about 7,000 rooms are scheduled to open through the end of 2013, expanding Marriott’s Asia-Pacific portfolio to 154 hotels offering 51,500 rooms in 18 countries by the end of 2013, it said in a statement.

Marriott, which operates chains including the Ritz Carlton, Renaissance and Marriott, and other hotel operators have been hard-hit by a global economic slowdown and the H1N1 flu virus, with companies and tourists cutting back on trips and retreats.

“It was tough at the end of 2008. But we do see a strong Asia market out there today," said Ed Fuller, president and managing director, Marriot Lodging International.

Asia, as a whole, is a far-faster-paced area than other regions, and the region will grow significantly in leisure and business travel, he told reporters.

“It has come back in volume. We continue to see mainland China travelling growing," he said.

Fuller said China is currently the third-largest travelling public in the world and will be the first in 3-4 years.