Marriott International announces 40by2020 Vision in Asia-Pacific
The company targets 1,000 properties open by end 2020, a nearly 40 percent increase, and expects to add an estimated 40 percent more job opportunities in the region.
From the 15th Hotel Investment Conference – South Asia, Marriott International announced its continued expansion plans in Asia-Pacific with its 2020 vision – an aggressive target to have 1000 hotels open by the end of 2020.
This vision also could create up to 50,000 more job opportunities for the region. In 2019 alone, the company expects to add close to 100 new hotels or close to 20,000 rooms in the region, with several brand debuts in Australia, Hong Kong, The Philippines, Nepal and India.
Marriott International’s portfolio in Asia Pacific currently encompasses over 710 properties in 23 countries and territories, operating under 23 of the company’s 30 global brands.
“The breadth and depth of Marriott International’s footprint means that we are able to offer travellers opportunities to experience more destinations, brands and experiences, especially through Marriott Bonvoy , our industry-leading travel program,” said Craig S. Smith, President and Managing Director, Marriott International Asia Pacific.
“As important as our size is our commitment to deliver seamless and quality experiences for our guests at on-brand properties. Today’s traveller demands authentic, personalized and transformative experiences, whether for work or for pleasure, as a way of broadening their individual horizons and achieving a deeper understanding of the world,” added Smith.
“As the world’s leading Hospitality Company, it is in our DNA to strive to be part of our guests’ favorite moments and memories. We are dedicated to Marriott International remaining Asia Pacific’s favorite travel company,” he further added.
