Marriott International marks another year of record growth in Asia Pacific
The company continues to expand its portfolio in the region across market segments, including its debut in the midscale segment and its expansion of its luxury portfolio, reinforcing Marriott’s lead in the region’s evolving hospitality landscape.
Last year saw some significant milestones for the company, including the opening of the 600th property in APEC (Adelaide Marriott Hotel, Australia); 150th property in India (Katra Marriott Resort & Spa; 50th property in Malaysia (Penang Marriott Complex); and the 100th property in Japan (Four Points Flex by Sheraton Osaka Umeda).
“2024 was a record-breaking year for Marriott International in APEC, with exceptional growth driven by key development milestones, market expansions, and the introduction of new brands in sought-after destinations,” said Marriott International President, Asia Pacific excluding China, Rajeev Menon.
“As we continue to meet the evolving needs of modern travelers, APEC remains a pivotal region in our company’s growth strategy, reinforcing our position as a leader in the global hospitality industry.”
In 2024, Marriott signed 109 deals representing 21,439 rooms in APEC, bringing its regional pipeline to 363 properties and 77,532 rooms — a 12% year-over-year increase.
India, Japan and Indonesia were the highest growth markets in the region, comprising 72% of the region’s deal signings in the year.
Growing the luxury portfolio in the region remains a key focus, accounting for 19% of signed deals in 2024.
More than 20 agreements were signed representing 4,600 rooms in the region across six Marriott International Luxury Group brands, meeting the increasing demand from affluent travelers seeking high-end, experiential stays in both established and emerging destinations.
This includes the expected debuts of EDITION in Jakarta, Indonesia, and Mumbai, India; The Ritz-Carlton in Jaipur and Udaipur, India; a second W Hotels in Singapore; and more.
Multi-unit agreements and conversion opportunities played a key role in the region’s pipeline growth, with conversions representing 36% of 2024 signings.
Marking the company’s regional debut in the affordable midscale space, Marriott launched Four Points Flex by Sheraton in Japan, as part of a strategic multi-unit agreement with KKR to convert 14 properties across 10 cities in Japan.
In November 2024, the brand celebrated its official debut in the region and the company’s 100th property in Japan with the opening of the Four Points Flex by Sheraton Osaka Umeda.
“As Marriott continues to expand its presence across APEC, we aim to continue broadening our portfolio of best-in-class brands and unforgettable experiences to meet the growing demand for travel,” said Marriott International Chief Development Officer, Asia Pacific excluding China, Shawn Hill.
“By enhancing our offerings and entering new markets, we’re not only aiming to deliver greater value to owners, franchisees and developers, but also adapting to the evolving needs of today’s travelers — across all stay purposes and experiences.”
In 2024, Marriott entered new destinations and celebrated brand debuts in the region, centered around its growing traveler base.
The company debuted in Papua New Guinea with the opening of Marriott Executive Apartments Port Moresby, increasing its operating presence to 22 countries and territories in APEC.
Following the brand’s success in Japan, South Korea and Australia, the lifestyle-focused Moxy Hotels brand also made its debut in key cities, including Moxy Bengaluru Prestige Tech Cloud in India, Moxy Putrajaya in Malaysia, and Moxy Bangkok Ratchaprasong in Thailand, catering to a new generation of travelers seeking vibrant and design-forward stays.
With an expanding portfolio, Marriott International in APEC closed 2024 with 635 open properties across 25 brands in 22 countries and territories.