Following the recent announcement by Marriott International, Inc. of its strong global net rooms growth and record year of organic signings in 2023, the company highlighted the remarkable surge in hotel and residence openings and signings in the Asia Pacific excluding China(APEC) region, particularly in key travel markets such as Japan, India, and Vietnam.

U.S, Jan. 31 -- At the close of 2023, Marriott set a milestone in APEC with over 60 properties added to its portfolio during the year, bringing the company's presence in the APEC region to more than 560 operating hotels and residences, and exceeding 10 percent net rooms growth compared to 2022. The company also sealed a record of over 80 deals signed across 13 markets, representing approximately 18,000 rooms.

As tourism recovers in APEC and the travel landscape evolves, Marriott has continued to focus on strategically providing the best-in-class offerings to owners, franchisees, and guests. At the end of 2023, Marriott's APEC development pipeline stood at over 320 hotels with over 69,000 rooms, showcasing the company's dedication to prov...