Marriott aims to double the number of its hotels in China
May 31, 2010 Category Travel, Weekly
Marriott International aims to double the number of Marriott-brand hotels in China within five years and intends to introduce a lower-priced hotel brand in the near future. Marriott, which currently manages 46 hotels in the country, expects to have 60 hotels by the end of the year and 90 in five years, making China its second-largest market by number of hotels, Arne Sorenson, Marriott’s President, said in Shanghai. China contributed less than 10% of the group’s sales, but sales growth was in the double-digits. Marriott posted a better-than-expected quarterly profit last month and said it expects room rates to rise this year.
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