HONG KONG, 10 February 2022: Marriott International outlines
plans to expand its portfolio across the Asia Pacific, targeting to open its
1000th property in the region in late 2022.

The company expects to open nearly 100 properties in the
region this year.

International for Marriott International group president international Craig Smith said: “Last year in the Asia Pacific, we signed two new development deals a week on average, with deals signed in 13 different markets across the region. This year, we expect to continue to drive demand and growth to serve property developers, owners, franchisees and partners.”

Luxury Demand Continues to Boom in Greater China

According to research by ILTM Asia Pacific, Greater China’s
affluent population contributes to half of Asia Pacific’s total spending on
airfare and lodging. Affluent travellers in Greater China continue to look for
luxury travel in new and emerging destinations. Greater China remains an engine
for the company’s growth, as it accounts for more than half of the company’s
anticipated luxury openings in the Asia Pacific in 2022. Ritz-Carlton Reserve
anticipates expanding its highly curated portfolio in Greater China, debuting
its first rare estate in the historic Jiuzhaigou valley later this year. Additional
expected luxury openings in 2022 include JW Marriott Hotel Changsha and W Macau
– Studio City.

Leisure Demand Paving the Way for Travel Recovery

Research by the World Travel & Tourism Council suggests
that leisure travel demand has been booming at an accelerating rate. In 2022,
as leisure demand continues to outpace business travel, Marriott is poised to
strengthen its presence across several leisure destinations.

In South Korea, the company expects to bring its JW Marriott
brand to Jeju with the opening of JW Marriott Jeju Resort & Spa in May
2022. The expected opening of W Sydney in late 2022 will mark the third W hotel
in Australia.

With wellness and well-being remaining a continued priority
for many travellers, the company’s leading wellness brand, Westin Hotels &
Resorts, is expected to celebrate two new debuts in Yokohama and Cam Ranh in

Select Service Brands Cement Their Position in the Asia Pacific

Marriott’s select-service portfolio is driving momentum for
growth, providing a wide range of amenities and offerings across
well-established brands such as Courtyard by Marriott, Fairfield by Marriott,
Four Points by Sheraton, AC Hotels and Moxy Hotels. In Greater China, the
openings of select-service hotels will further expand consumers’ travel
choices, bringing guests a diverse range of experiences in emerging Chinese
destinations. Four Points by Sheraton expects to continue its growth with five
planned openings throughout the year. At the same time, Moxy Hotels anticipates
continuing to share its playful spirit in destinations such as Suzhou and

Outside of Greater China, the company expects to debut its
AC Hotels brand in Korea with AC Hotel Seoul Gangnam and in Australia with AC
Hotel Melbourne Southbank. In Japan, Fairfield by Marriott hopes to continue
strengthening its presence with six new properties planned to open across Nara,
Hokkaido and Hyogo along ‘Michi-no-Eki’ roadside stations aimed at revitalizing
the country’s local sightseeing spots and well-hidden rural destinations.

(Source: Marriott International)