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Marriott plans 57 Asian hotels over 4 years
Hong Kong (AFP) Feb 16, 2009 Hotel group Marriott International said Monday it was planning to open 57 new hotels in Asia over the next four years, mainly targeting the Chinese and Indian markets. Despite the global economic slowdown, the company said it was planning to open 21 new hotels in China, 24 in India and eight in Thailand. The new hotels would create 15,000 new jobs in eight Asian countries, the company said in a statement. "China, India and Thailand have demonstrated significant strength in recent years," said Ed Fuller, president and managing director for international lodging at the US-listed firm. Marriott, which operates JW Marriott, Ritz-Carlton and Renaissance brands, currently operates 109 hotels in 13 countries across the region. Among its new projects is its first property in the Maldives and the first JW Marriott branded resort in Vietnam. Related Links The Economy
China Mobile hit by factory closures, migration: CEO
Barcelona, Spain (AFP) Feb 16, 2009The head of China Mobile, China's biggest mobile phone operator, said Monday that factory closures and the return of rural workers to their villages had hit the company's revenues. |
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