Marriott (MAR) is consistently trying to expand its presence worldwide and capitalize on the demand for hotels. The company plans to expand its luxury hotels footprint in 2023.
BETHESDA, Md., December 07, 2022--Under the new leadership of Josh Fluhr, Senior Vice President and Global Managing Director, EDITION Hotels is driving global expansion with the portfolio expected to double in size to 30 properties by 2027. The luxury lifestyle brand also unveils the evolution of its groundbreaking concept with the introduction of standalone luxury residences.
Marriott's (MAR) emphasis on new development and multiunit conversion opportunities bodes well. However, constrained RevPAR in Greater China and Asia Pacific is a concern.