China portfolio to double over five years

MARRIOTT INTERNATIONAL has plans to double its China portfolio over the next five years.  The multi-national, based in Bethesda, MD, expects to have 60 hotels open across six brands by year-end 2010.  This figure includes eight prestigious Ritz-Carltons, two opening this year in Hong Kong and Shanghai Pudong.  To put a true perspective on China, the country is expected to host 2.1bn domestic and international tourists this year, an increase of 12% over 2009.  “Within the next ten years, China is expected to be the world’s single largest source of international tourism and its number-one travel destination,” according to J. W. Marriott Jr, Chairman and Chief Executive Officer of Marriott International. www.marriott.com

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