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PropertyHong Kong & China

NewMarriott International unveils rapid hotel expansion plan for Asia

Group operates 80 hotels on mainland and will double that in four years

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Marriott International's Craig Smith is not worried about an oversupply of hotels on the mainland as the company takes a very long-term view. Photo: Gareth Brown
Peggy Sito

Marriott International is pursuing a rapid expansion in Asia Pacific, including mainland China and Hong Kong, with an ambitious goal to double the number of its hotels in four years.

"Today we have 180 hotels in Asia Pacific and we can easily double that in four years," said Craig Smith, president and managing director of Marriott Asia Pacific. The number of hotels, represented by nine lodging brands, will increase to 200 by the end of this year.

The hotel group has 250 projects under development in different phases, said Smith, who took the post as Asia Pacific's chief effective on June 1.

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Within the expansion, Smith said the largest part is in China, where the group has 80 hotels and will more than double in four years. "We will have 22 hotels in Shanghai by the end of this year, and now have 11 in Beijing and six in Hong Kong."

"It is interesting that people are talking about an economic slowdown in China, a slowdown to seven per cent. Seven per cent is a phenomenon. If you can have 3.5 per cent growth in Europe or United States, the president will be re-elected," he said.

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While there is an expansion in major cities, Marriott is expanding second tier cities such as Chengdu and Chongqing.

"When we take projects back to our home offices, most of them don't know where these cities are. The good news is they never have any questions," said Smith.

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