HONG KONG (Reuters) – Marriott International Inc, the world’s biggest hotel company with luxury brands such as St. Regis and Ritz-Carlton, says it is committed to all of its brands which give it the breadth to take advantage of fast-growing markets like China.
The company was criticized recently by activist investor Jonathan Litt who, according to media reports, has urged Marriott to consider culling its 30 brands to better align itself with competitors such as Hilton Worldwide Holdings Inc.
Marriott - Global - Chief - Commercial - Officer
Marriott’s Global Chief Commercial Officer Stephanie Linnartz, however, said the group aimed to keep expanding across all sectors of the market, especially in Asia.
“We’re focused on growing multiple tiers (in Asia Pacific), not just luxury… we’re also excited about growing our Courtyard brand in China,” Linnartz told Reuters on Thursday.
Mid-scale - Brands - Courtyard - Marriott - Segment
Mid-scale brands like Courtyard are Marriott’s fastest-growing segment in Asia Pacific, the company said.
She was speaking to Reuters during a visit to Hong Kong, where the group opened its first St Regis in the city on Wednesday.
Month - Marriott - Plans - Hotels - Part
Last month Marriott announced plans to open more than 1,700 hotels globally as part of...
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