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Marriott expects to double Asia-Pacific portfolio by 2016
Marriott International is on track to more than double the size of its hotel and resort portfolio in the Asia-Pacific region by 2016.
The group currently has 132 hotels open in Asia and has signed deals for an additional 143 properties. The company hopes to have 265 hotels fully operational within the next three years.
China is a particular growth area where the company expects to open on average one hotel per month in the country for the next five years.
In India, 23 hotels are already under construction and Marriott expects to grow from 15 hotels in the country to more than 50 in the next few years.
Simon Cooper, Marriott International's managing director in Asia, said: "We have seen great growth across our portfolio and expect to be launching new brands in the region soon, with the introduction of Fairfield by Marriott in India next year and the launch of our EDITION brand in Bangkok in 2014."
Marriott International currently operates eight brands in Asia Pacific: Bulgari Hotels & Resorts, Ritz-Carlton, JW Marriott, Renaissance Hotels & Resorts, Marriott Hotels & Resorts, Courtyard by Marriott, Marriott Executive Apartments and Autograph Collection.
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