Marriott International Reports Record Growth in 2024

By Nishang Narayan

Published on January 31, 2025

Marriott International reported a remarkable year in 2024, achieving a net room growth of 6.8% and adding a record-breaking 123,000 gross rooms. The company's development pipeline expanded significantly, reaching over 577,000 rooms across 3,766 properties worldwide. Marriott also signed over 1,200 deals, averaging more than three per day, adding nearly 162,000 rooms globally. Notably, 34% of these signings were conversions, reflecting Marriott's strong appeal to existing hotels looking for rebranding opportunities.

Luxury Expansion

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Marriott’s luxury portfolio saw impressive growth, with the total number of properties reaching 658 hotels, resorts, and branded residences across 74 countries. The company signed a record 61 luxury deals, bringing its pipeline to 266 luxury projects. Key luxury openings in 2024 included W Prague, The St. Regis on the Bund in Shanghai, and The Jeddah EDITION in Saudi Arabia. Additionally, The Ritz-Carlton Yacht Collection launched its second superyacht, Ilma, with a third, Luminara, set to debut in summer 2025.

Midscale and Affordable Segments

Marriott strengthened its presence in the affordable midscale segment, particularly through City Express by Marriott, which is set to expand into Nicaragua, Bolivia, Argentina, Peru, and Brazil. The brand is also preparing to launch in the U.S. and Canada. Meanwhile, the StudioRes extended-stay brand ended the year with 35 properties in development, expecting its first opening in 2025. Additionally, Four Points Flex by Sheraton recorded 28 open properties and 33 in the pipeline.

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Regional Growth Highlights

  • U.S. & Canada: Marriott surpassed 1 million rooms across 6,307 properties, with a record 608 deals signed in 2024. The region’s pipeline now includes nearly 263,000 rooms.
  • Asia Pacific (excluding China): Marriott signed 109 deals, representing 21,439 rooms, increasing the pipeline to 363 properties.
  • Greater China: A record 161 deals signed, adding nearly 31,000 rooms to the pipeline.
  • Caribbean & Latin America: The region’s pipeline grew by 15%, with 67 new deal signings.
  • Europe, Middle East & Africa: Marriott signed a record 291 deals, adding over 34,000 rooms and growing its pipeline by 10%.

Branded Residences & Alternative Hospitality

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Marriott expanded its branded residential portfolio, ending the year with 142 open residential locations and a pipeline of 138 projects across 16 brands. Notable developments include The Westin Residences Gurugram in India and The Ritz-Carlton Residences, Boston, South Station Tower.

In addition, the company ventured into non-traditional hospitality by acquiring Postcard Cabins and partnering with Trailborn, enhancing its presence in outdoor-focused lodging.

With record-breaking growth and strong expansion across multiple segments, Marriott International continues to solidify its position as a global hospitality leader.


Ras Al Khaimah Emerges as One of the Fastest-Growing Real Estate Markets in the Region

Ras Al Khaimah Emerges as One of the Fastest-Growing Real Estate Markets in the Region

By Manu Vardhan Kannan

Published on August 21, 2025

Ras Al Khaimah is rapidly cementing its position as one of the most dynamic and fastest-growing real estate markets in the United Arab Emirates. Driven by the forward-looking vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, the Emirate is undergoing a remarkable transformation anchored in sustainability, community well-being and smart urban planning.

In the last three years, property sales and prices in the Emirate have surged, propelled by major hospitality, residential and commercial developments. With the population expected to rise from 0.4 million to 0.65 million by 2030, demand for an estimated 45,000 additional homes is on the horizon. This growth has attracted both global developers such as Emaar, Aldar and Ellington and local leaders including Marjan, Al Hamra and RAK Properties.

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Al Marjan Island has emerged as a flagship destination in this transformation. Under the leadership of CEO Eng. Abdullah Al Abdooli, it is welcoming iconic luxury brands including Wynn, JW Marriott, Nobu, Missoni and The Address. Further expanding Ras Al Khaimah’s commercial ecosystem, Marjan is developing RAK Central, set to become one of the Northern Emirates’ largest business districts, with Grade-A offices and sustainable infrastructure.

Al Hamra, led by CEO Benoy Kurien, continues to shape community living with Al Hamra Village’s 4,000+ homes, golf course and vibrant community. The group is also spearheading projects such as Waldorf Astoria Residences, Falcon Island, Al Hamra Waterfront and Manar Mall, the Emirate’s most popular retail hub.

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RAK Properties, through its landmark Mina development, is redefining the Emirate’s shoreline. Already hosting world-class resorts like Anantara Mina Ras Al Khaimah and InterContinental Ras Al Khaimah, it is gearing up to welcome Nikki Beach, Staybridge Suites and a Four Seasons. Commenting on this momentum, Chairman Abdulaziz Abdullah Al Zaabi said, “We are creating a vibrant, sustainable environment that is attracting global investment while maintaining the unique culture and natural heritage of our Emirate.” CEO Sameh Muhtadi added, “We are witnessing unprecedented global interest and this momentum will only continue.”

Supporting this real estate boom is Ras Al Khaimah’s strong infrastructure: eight hospitals including RAK Hospital, a modern education ecosystem, and its ranking among the world’s safest places. Tourism further strengthens the Emirate’s appeal, with 1.28 million visitors in 2024 enjoying attractions like Jais Flight, the world’s longest zipline and the UAE’s highest-altitude restaurant, 1484 by Puro.

At the heart of it all lies Ras Al Khaimah’s 2030 Vision, a people-first development strategy focused on sustainability, inclusivity and global competitiveness. With its rising skyline, thriving communities and investor-friendly ecosystem, the Emirate is emerging as a benchmark for urban growth, lifestyle innovation and long-term prosperity.


New Zealand Shifts All Student Visa Applications to Upgraded Online Platform

New Zealand Shifts All Student Visa Applications to Upgraded Online Platform

By Manu Vardhan Kannan

Published on August 19, 2025

Applying for a student visa to New Zealand will now look different, with the country introducing a fully digital process. Starting today, all international student visa applications will be processed through Immigration New Zealand’s upgraded online platform, ADEPT. The move is aimed at reducing paperwork, expediting decisions, and making the process simpler and more efficient for applicants worldwide.

From August 18, applications for English Language Student Visa, Exchange Student Visa, Fee Paying Student Visa, Pathway Student Visa, New Zealand Government Scholarship Student Visa, and Foreign Government Supported Student Visa are automatically being directed to the new ADEPT form. Any applications submitted through the old system on or before August 17 will continue to be processed, while draft applications must be submitted by September 17. After this date, all draft applications will be deleted.

Immigration New Zealand confirmed that from September 18, paper applications will no longer be accepted for student visa categories, marking a complete shift to online processing. This change is part of a broader seven-year programme designed to transition all visa categories to a single digital platform. Visitor Visas, Accredited Employer Work Visas, and Permanent Resident Visas have already been on the ADEPT system since 2021.

In its official statement, Immigration New Zealand said, “Customers and staff are at the heart of the Our Future Services programme. We are aiming to deliver a simpler, faster, and more user-friendly visa application process to reduce waiting times, provide clear communication on application status, and increase self-service capabilities so everyone feels more informed and better supported.”

The immigration agency has also advised applicants to apply at least three months before their intended travel date, as this remains a peak period for student visa processing. Family-related visa products linked to student visas will also be shifted to the new system over the coming year as part of the phased rollout.

This digital transformation marks an important milestone for international students aspiring to study in New Zealand, providing a streamlined and modern approach to visa processing.


Red Dot Representations Partners with Unique Lanka Travels to Elevate Sri Lankan Tourism

Red Dot Representations Partners with Unique Lanka Travels to Elevate Sri Lankan Tourism

By Hariharan U

Published on August 19, 2025

India’s leading destination representation firm, Red Dot Representations, has joined hands with Unique Lanka Travels, a top travel solutions provider from Sri Lanka, to expand the island nation’s global reach and redefine the way travellers experience it.

The collaboration marks an important milestone in showcasing Sri Lanka’s beauty, culture, and diversity to a wider international audience. With Red Dot’s expertise in bespoke sales and marketing strategies, Unique Lanka Travels will gain the kind of exposure and two-way communication usually reserved for larger travel companies. This means travellers can look forward to extraordinary, customised experiences crafted with precision and care.

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Highlighting Sri Lanka’s appeal, Charith De Alwis, CEO of Unique Lanka Travels, shared,"Sri Lanka is a captivating paradise for high-end Indian travellers seeking luxury, adventure, and cultural richness. Offering pristine beaches, lush tea plantations, and vibrant heritage sites, Sri Lanka is perfect for indulgent stays at world-class resorts and thrilling outdoor adventures. At Unique Lanka Travels, our team is dedicated to customizing your experience and ensuring a seamless, pampered journey. We are excited to collaborate with Red.dot representation, a market expert, to grow together and bring exclusive Sri Lankan adventures to discerning travellers. Make Sri Lanka a must-visit destination on your bucket list!"

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Echoing the sentiment, Prabhakar Kamat, Business Head at Red Dot Representations, said,"We are excited to represent Unique Lanka Travels, as their focus on authenticity and quality brings values that align perfectly with ours. Our onus as a team will be to engage on a platform that represents Sri Lanka as a must-see destination through one-of-a-kind sales and marketing initiatives to today’s traveler."

With this partnership, both companies are set to enhance Sri Lanka’s presence in key markets, engage closely with trade partners, and set new benchmarks in experiential travel. The collaboration ultimately aims to enrich the journeys of global travellers, making Sri Lanka a must-visit destination for those seeking both luxury and authenticity

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