A new report from Marriott International’s Luxury Group reveals the booming state of luxury travel in Asia Pacific. Affluent travelers are seeking unique experiences, regional destinations, and exquisite cuisine. Sustainability concerns are also on the rise, with 80% of high-net-worth travelers considering a hotel’s environmental practices when making their choices.
The MRG Group, renowned for its hospitality ventures, has unveiled the Navi Mumbai Marriott Hotel, a luxurious haven located in the heart of Navi Mumbai. Situated on Thane Belapur Road, the hotel offers convenient access for both business travelers and tourists, with easy reach from Chhatrapati Shivaji Maharaj International Airport (26 km) and the upcoming DB Patil International Airport (12 km). Navi Mumbai, a strategically developed city on Maharashtra’s western coastline, boasts a vibrant cultural scene and proximity to scenic destinations like Lonavala and Pune. The hotel features elegantly appointed rooms with city and hill views, including a Presidential Suite and advanced workspaces. Multiple dining options include 7 Isles- All Day Dining, rooftop restaurant Nazaara, and The Greatroom for upscale drinks and live entertainment. Marriott Bonvoy Elite members enjoy exclusive privileges at the M Club. State-of-the-art event facilities, a rooftop pool, and Quan Spa provide a perfect blend of comfort and convenience. Mr. K Prakash Shetty, Chairman of MRG Group, expressed his excitement for the partnership with Marriott International, emphasizing their shared commitment to hospitality excellence. With upcoming projects like JW Marriott Spa & Resort Sakleshpura and Marriott Spa & Resort Chikkamagaluru, MRG Group aims to redefine the guest experience in Navi Mumbai and beyond.
Leeny Oberg, CFO and Executive Vice President of Development at Marriott International, will speak at the 2024 Morgan Stanley Travel and Leisure Conference. Her remarks are scheduled for 9:45 a.m. Eastern Time on Tuesday, June 4, and will be webcast live. The webcast will remain available until August 30, 2024, at the conference website. Marriott International operates and franchises hotels and licenses vacation ownership resorts worldwide. The company also offers Marriott Bonvoy, its award-winning travel program.
Marriott International and Jing Daily release a comprehensive report, ‘Luxury Explored: Chinese Luxury Travelers’ Evolving Desires,’ delving into the changing dynamics of luxury travel in China. The report highlights the transformative trends and evolving preferences shaping this sector, driven by factors such as rising affluence, increased discretionary spending, and the growing middle class. Chinese luxury travelers seek exclusivity, authenticity, and cultural immersion in their travel experiences, and businesses must adapt to meet these evolving desires by prioritizing personalization, innovation, and sustainability.
Marriott International recently held its annual ceremony to recognize the recipients of the prestigious J. Willard Marriott Awards of Excellence. The awards, established in 1987 and named after the company’s founder, honor outstanding associates who exemplify the company’s values, dedication to service, and commitment to excellence.
Marriott International and Jing Daily have released a comprehensive report on the changing face of luxury travel in China, highlighting key trends and evolving preferences that are molding the sector. The report underscores the growing importance of exclusivity, authenticity, and cultural immersion for discerning Chinese travelers, and emphasizes the need for businesses to champion innovation and personalized service in order to remain competitive in this dynamic market.
Nestled within the majestic Vaishno Devi Hills, Katra Marriott Resort & Spa, Marriott International’s 150th hotel in India, offers a luxurious retreat for pilgrims and travelers alike. The exclusive vegetarian resort provides serene surroundings, easy access to popular destinations like Patnitop Hill Station and Mansar Lake, and convenient connectivity from major cities.
Marriott International, Inc. has reported its first quarter 2024 financial outcomes. The company saw a global increase in comparable systemwide constant dollar Revenue Per Available Room (RevPAR) of 4.2%, with international markets experiencing a particularly strong 11.1% growth. Adjusted diluted EPS rose to $2.13 from $2.09 in the same period last year. During the quarter, Marriott welcomed approximately 46,000 net rooms, including around 37,000 rooms under its agreement with MGM Resorts International. The company has a global development pipeline of over 3,400 properties and nearly 547,000 rooms. Financial highlights for the quarter include a 7% increase in base management and franchise fees, a 10% surge in co-brand credit card fees, and a 4% rise in incentive management fees. Marriott repurchased 4.8 million shares of common stock for $1.2 billion during the quarter, and as of April 26, has returned $1.7 billion to shareholders through dividends and share repurchases. The company raised its full year earnings guidance and expects to return between $4.2 billion and $4.4 billion to shareholders in 2024.
