With the recent reopening of Vietnam\u2019s borders, Marriott International, Inc. today announced plans to expand its portfolio in Vietnam, expecting to add nearly 9,000 rooms within the company\u2019s portfolio and see the debut of key brands including Ritz-Carlton Residences, Marriott Hotels, Westin, and Courtyard by Marriott.<\/p>\n\n\n\n
\u201cVietnam experienced impressive pre-pandemic economic growth driven in part by coordinated development policies and the strong investment in infrastructure,\u201d said Rajeev Menon, President, Asia Pacific (excluding Greater China), Marriott International.<\/strong> Our growth in Vietnam reflects the trust our local owners and franchisees continue to have in Marriott International, and we look forward to presenting them with opportunities to leverage our comprehensive portfolio of 30 brands, as well as our strong distribution network.\u201d<\/p>\n\n\n\n Premium Brands Lead the Way<\/strong> Select Service Brands Continue Rapid Growth<\/strong> A Burgeoning Branded Residences Market<\/strong> \u201cVietnam is a vibrant destination and has over the years experienced record levels of tourism as international travelers flocked to the country and domestic travelers began to discover the many wonders available in their own backyard,\u201d said Jakob Helgen, Area Vice President \u2013 Thailand, Vietnam, Cambodia & Myanmar, Marriott International.<\/strong> \u201cWith the recent reopening of borders, we are hopeful for Vietnam to rebound rapidly, and we are excited to expand across even more parts of this captivating country.\u201d<\/p>\n\n\n\n Marriott International currently operates ten properties in Vietnam, comprising 3,294 rooms and spanning six of the company\u2019s brands. These hotels and resorts are located across six key business and leisure destinations including Hanoi, Ho Chi Minh City, Danang, Nha Trang, Phu Quoc and Binh Duong.<\/p>\n\n\n\n
Marriott\u2019s premium brands continue to resonate in Vietnam. As the most global brand within the portfolio, Sheraton Hotels & Resorts<\/strong>,expects to make its debut in several new destinations across Vietnam, including on the Emerald Island of Phu Quoc, the world-famous UNESCO World Heritage Site of Ha Long Bay, the \u201cCity of Eternal Springs\u201d Dalat and the shores of Binh Chau. A stylish new Renaissance<\/strong> Hotels<\/strong> is planned to open in the seafront city of Danang, while Le M\u00e9ridien Hotels & Resorts<\/strong> plans to debut in Danang and Cam Ranh. The flagship Marriott Hotels<\/strong> brand is expected to debut in Hanoi, and Hoi An, while the Westin <\/strong>\u2013 the company\u2019s leading wellness brand\u2013 is expected to open in Hanoi and Cam Ranh. Marriott Executive Apartments<\/strong>, the popular longer-stay brand, is also slated to start welcoming guests in Danang.<\/p>\n\n\n\n
Marriott’s select service portfolio is driving strong momentum for growth in Vietnam, providing a range of offerings for both domestic and international travelers. Fairfield by Marriott<\/strong> is slated to be introduced in locations such as Vinh Yen, Ha Long and Hanoi, while several Courtyard by Marriott<\/strong> hotels are expected to open across Danang, Ha Long and Nha Trang.<\/p>\n\n\n\n
Marriott continues to lead the branded residential segment with nearly 190 projects open or in development worldwide. Asia Pacific (excluding China) is one of the world\u2019s fastest growing regions for branded residences, led in part by significant growth in Vietnam where Marriott International anticipates opening several Marriott branded residences over the next four years. In 2021, the company announced a milestone branded residential project that is expected to include close to 4,200 dual-branded residential and officetel units in Ho Chi Minh City. The project is expected to serve as the world\u2019s largest hotel-branded residential project and is slated to open in phases in late 2024. The highly anticipated The Ritz-Carlton Residences, Hanoi<\/strong> also expects to make its debut in Vietnam in 2024.<\/p>\n\n\n\n