On the heels of the 16th Hotel Investment Conference – South Asia (HICSA 2021), Marriott International today announced it has signed 22 new hotel agreements in South Asia – comprising India, Bhutan, Bangladesh, Sri Lanka, Maldives and Nepal – in the past 18 months, expecting to add more than 2,700 rooms to its fast-growing portfolio.Marriott International currently is the hotel chain with the largest number of rooms in the South Asia region and expects to continue its solid growth with these new signings.
“In a highly unpredictable year, these signings are a testament to Marriott International’s resilience and agility in driving strong growth within a hospitality landscape that continues to evolve,” commented Rajeev Menon – President Asia Pacific (excluding Greater China), Marriott International. “It is a sign of confidence from our owners and franchisees who have been an integral part of our growth journey.We are grateful for their continued support and trust in the power of our brands as we continue to welcome back travelers.”
“These signings reinforce our commitment to South Asia as a high potential region where we continue to grow and engage with an expanding customer base by introducing more of Marriott’s brands and unique experiences in exciting destinations,” emphasized Kiran Andicot – Regional Vice President Development, South Asia, Marriott International. “We look forward to the opening of these new hotels in the future and to exploring future development opportunities throughout the region. More than a third of the newly signed projects in South Asia in the last 18 months include hotels and resorts in the luxury-tier, comprisedof brands such as JW Marriott and W Hotels. This reflects travelers’ growing demand for bespoke and superb amenities and services.