Marriott International Dominates 2023 with Record Hotel and Room Signings

Marriott International Dominates 2023 with Record Hotel and Room Signings

By Author

Published on January 25, 2024

In a remarkable display of expansion, Marriott International has reported a year of unprecedented growth in 2023. At the Americas Lodging Investment Summit (ALIS), the global hotel industry leader shared insights into its impressive performance over the past year.

The year 2023 saw Marriott International achieve a milestone in its growth trajectory. The company signed an extraordinary number of organic management and franchise agreements, averaging nearly 2.5 deals daily. This pace represents a global expansion of approximately 164,000 rooms.

A significant contributor to this growth was the company's performance in the US and Canada, its largest market. Here, Marriott signed agreements for 91,000 rooms. A notable highlight was the strategic licensing agreement with MGM Resorts International, accounting for 37,000 rooms.

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Marriott's expansion wasn't limited to North America. The company also saw a surge in signings globally, with nearly 73,000 organic rooms signed across 74 countries and territories. This growth was particularly robust in markets like China, Vietnam, Japan, the United Arab Emirates, Mexico, Turkey, Saudi Arabia, and India.

By the end of 2023, Marriott’s global development pipeline boasted nearly 3,400 hotels and around 573,000 rooms, marking an over 15% increase from the previous year.

The company's worldwide system had grown to nearly 8,800 properties and more than 1,597,000 rooms in 139 countries and territories by the close of 2023. This expansion included the addition of over 400 properties and nearly 64,000 organic gross rooms during the year. Furthermore, Marriott's acquisition of the City Express brand portfolio brought an additional 150 properties and approximately 17,500 rooms into the company's extensive system.

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Marriott continued to strengthen its position in various market segments. It expanded its lead in luxury, ventured into the affordable midscale segment globally, and grew its portfolio of branded residences. Additionally, Marriott announced the planned launch of the MGM Collection with Marriott Bonvoy and increased its share in the all-inclusive segment.

Anthony Capuano, Marriott International’s President and CEO, remarked on the company's focus: “Marriott remains committed to offering more best-in-class brands and experiences to meet the strong consumer demand for travel.”

This record-breaking year for Marriott International highlights its steadfast focus on growth and diversification, solidifying its status as a leader in the global hotel industry.


ITC Hotels Strengthens Rajasthan Presence with Signing of Welcomhotel Jaipur

ITC Hotels Strengthens Rajasthan Presence with Signing of Welcomhotel Jaipur

By Hariharan U

Published on June 20, 2026

ITC Hotels Limited has announced the signing of a management agreement for a 140-key Welcomhotel by ITC Hotels in Jaipur, marking another significant step in the company’s expansion strategy across key state capitals and high-demand hospitality markets.

The upcoming property will strengthen ITC Hotels’ presence in Rajasthan, a state renowned for its rich cultural heritage, royal architecture, and thriving tourism sector. Jaipur, in particular, continues to attract domestic and international travellers, while remaining one of India’s most sought-after destinations for weddings, celebrations, and business events.

Designed to blend contemporary comfort with the city’s historic charm, Welcomhotel Jaipur will feature well-appointed guest rooms and suites, an all-day dining restaurant, a specialty restaurant, and a lounge bar. The hotel will also offer extensive event infrastructure, including more than 15,000 square feet of indoor banqueting space and 22,000 square feet of landscaped outdoor venues, positioning it as a preferred destination for MICE events and destination weddings.

Guests will have access to wellness and spa facilities, further enhancing the overall hospitality experience.

Commenting on the development, Anil Chadha, Managing Director of ITC Hotels Limited, said Jaipur represents a unique blend of heritage and growing demand for premium hospitality experiences. He noted that the project aligns with the company’s focus on strengthening its presence in high-visibility destinations across India.

Directors of Ashraya Hotels and Resorts Anil Agarwal, Sunil Agarwal, and Peyush Agarwal said the partnership aims to bring world-class hospitality experiences to Jaipur while celebrating Rajasthan’s cultural legacy.

The signing follows ITC Hotels’ recent expansion announcements in Bhubaneswar, Dehradun, and Hyderabad, reinforcing its long-term commitment to growing its hospitality portfolio across emerging and established markets in India.


MRG Group Expands Hospitality Footprint with Launch of Goldfinch Panjim Goa

MRG Group Expands Hospitality Footprint with Launch of Goldfinch Panjim Goa

By Hariharan U

Published on June 20, 2026

MRG Group has announced the launch of Goldfinch Panjim Goa, further strengthening its hospitality presence in one of India's most sought-after leisure destinations. Located in the heart of Panjim and overlooking the scenic Mandovi River, the new property joins the growing Goldfinch Hospitality portfolio across the country.

Designed for both business and leisure travellers, Goldfinch Panjim Goa offers 98 guestrooms, including seven suites, equipped with modern amenities and contemporary comforts. The hotel combines elegant interiors, green surroundings, and a central location to provide guests with a comfortable and convenient stay experience.

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The property's dining offering is anchored by Banjara, the all-day dining restaurant serving a mix of global cuisine and locally inspired dishes that celebrate Goa's rich culinary heritage.

Commenting on the launch, K. Prakash Shetty said the opening reflects the group's continued commitment to expanding its hospitality footprint in high-potential markets while focusing on sustainable growth, operational excellence, and guest-centric experiences.

Gaurav Shetty added that Goa remains one of India's most iconic travel destinations and the launch marks another important milestone in the company's hospitality growth journey.

The launch reinforces MRG Group's long-term expansion strategy, with the company targeting more than 3,500 hotel keys by 2035. The group currently operates several hospitality assets across India, including Goldfinch-branded hotels and partnerships with global hospitality brands.

For more information about the group, visit MRG Group.


International Yoga Day Finds Its Home at Four Seasons Resort Maldives

International Yoga Day Finds Its Home at Four Seasons Resort Maldives

By Hariharan U

Published on June 19, 2026

As the world celebrates International Yoga Day on June 21, wellness takes centre stage at Four Seasons Resort Maldives at Landaa Giraavaru, where yoga, nature, and holistic healing come together in one of the Indian Ocean’s most serene settings.

Nestled within the UNESCO-listed Baa Atoll Biosphere Reserve, the island resort has long been recognised for its immersive approach to wellbeing. Surrounded by turquoise waters and vibrant marine life, the resort offers a tranquil environment where guests can disconnect from daily routines and reconnect with themselves.

At the heart of the wellness experience is AyurMa, the resort’s dedicated wellness sanctuary whose name translates to “Mother of Life” in Sanskrit. Designed around the principles of holistic healing, AyurMa blends yoga, Ayurveda, naturopathy, and mindful living to create personalised wellness journeys.

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For International Yoga Day, guests can participate in a range of yoga experiences tailored to individual needs. Developed in collaboration with S-VYASA University, the resort’s Yoga Therapy programme addresses concerns such as stress management, spinal health, flexibility, and overall wellbeing. Guests can also explore unique experiences including AntiGravity Yoga, Aqua Float Yoga, and Pregnancy Yoga, each designed to make the practice accessible and engaging.

The island setting further enhances the experience, with yoga sessions conducted in open-air pavilions overlooking the lagoon. Guests can also take part in Rahumathuge Vaguthu, a sunset Earth Blessing ceremony that combines mindfulness with gratitude, creating a deeper connection to nature and community.

Complementing the yoga programme is AyurMa’s comprehensive Ayurveda offering, including personalised consultations, Shirodhara treatments, traditional oil therapies, and a Government of Maldives-accredited Panchakarma programme. Guided by Dr. Arun K. Tomson, these therapies are designed to support the body’s natural healing processes and restore balance.

This International Yoga Day, Four Seasons Resort Maldives at Landaa Giraavaru offers more than a wellness retreat—it presents an opportunity to embrace mindfulness, healing, and self-discovery in one of the world’s most extraordinary natural settings.

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