 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Marriott plans 21 new Asian hotels amid global downturn
Hong Kong (AFP) Sept 9, 2009 Hotel group Marriott International announced Wednesday it was planning 21 new hotels in Asia, despite the impact of the global economic slowdown on travel and demand. The company already has 37 hotels under construction across the region, meaning that it will have built 58 new hotels by 2013, creating an estimated 24,000 jobs. "We are excited by these spectacular, architecturally interesting additions to our already dynamic Asia-Pacific pipeline especially since this growth is occurring in the context of the difficult global economy and tight credit markets," said Ed Fuller, president of international lodging. "We see Asia as an exciting, dynamic market that we have continued to focus on since the start back in 1989." The 58 hotels now under development will add more than 16,000 rooms to Marriott's Asia-Pacific portfolio, bringing the company's presence in the region to 154 hotels offering 51,500 rooms in 18 countries by the end of 2013. The 21 newly announced hotels include two luxury JW Marriott hotels in China, 10 Marriott hotels in China, the Philippines and Thailand, two Renaissance Hotels in China and seven Courtyard hotels in Cambodia, China and India. Marriott International entered the Asian market with the opening of Hong Kong's JW Marriott 20 years ago. Share This Article With Planet Earth
Related Links The Economy
China regulator says banks' risk management key to accessShanghai (AFP) Sept 8, 2009 China's banking regulator said Tuesday that the ability of banks to manage risk will be a factor in granting market access, raising a new potential obstacle for foreign lenders eyeing the Chinese market. "The international financial crisis exposed a number of problems in the reputation of risk management at commercial banks," the China Banking Regulatory Commission said when issuing the new ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook