The opening of the 27-story luxury property means Marriott is on track to keep its commitment of opening 1,700 additional hotels by the end of 2021, including about 320 hotels in Asia Pacific.
“Tremendous opportunity in Asia”
Enthused by the launch Arne Sorenson, president and chief executive officer of Marriott International, said: “It’s thrilling to open our 7,00th property, an incredible milestone for a company that began as a nine-stool root beer stand in 1927 and didn’t even open its first hotel until decades later.
I can’t think of a more fitting property to hold the honour than The St. Regis Hong Kong which underscores the benefits of our merger with Starwood, the importance of luxury and the tremendous opportunity in Asia.”
“We are well positioned to expand our global footprint by 25 percent”
Today, Marriott’s pipeline is growing with an increasing number of legacy-Starwood branded hotels with brands such as St. Regis, Luxury Collection and W. According to STR data, Marriott’s overall open hotels and signed pipeline at the end of 2018 totalled a combined 1.69 million rooms.
Marriott estimates that the 1,700 properties expected to be added by the end of 2021 could provide up to 150,000 jobs around the world. In Asia Pacific alone, the company’s additions in the region over the same time period could provide up to 56,000 jobs.
Tony Capuano, Marriott’s executive vice president and global chief development officer, added: “Our newest luxury hotel – The St. Regis Hong Kong – is a testament to our well-defined global growth strategy.
By leveraging our industry-leading luxury brands, including those we gained from the Starwood merger, our robust relationships with multi-unit owners and our expertise in identifying strategic opportunities in global gateway markets such as Hong Kong, we are well positioned to expand our global footprint by 25 percent in the next three years.”