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.


Fusion Celebrates Vietnam’s National Day With Festive Experiences

Fusion Celebrates Vietnam’s National Day With Festive Experiences

By Manu Vardhan Kannan

Published on August 25, 2026

Fusion Hotel Group is bringing together festive offers, wellness experiences and cultural activities to mark Vietnam’s National Day on Sept. 2, with celebrations planned across its properties in Southeast Asia.

Members of the Fusionlife loyalty program can enjoy up to 25% off accommodation, spa treatments and dining at participating properties across Da Nang, Hue, Quy Nhon, Cam Ranh, Ho Chi Minh City, Vung Tau and Binh Duong, along with hotels in Bangkok and Phuket. Travelers can register online for Fusionlife membership to access the benefits.

At Fusion Resort & Villas Da Nang, guests can take part in wellness sessions including meditation, yoga and sound healing. At Char Grill House, the resort’s award-winning onsite restaurant, the beachside bar will offer a 1-for-1 cocktail promotion from 5pm to 6pm.

Families can also enjoy Vietnamese-themed activities for children aged 4 to 12. The program includes making paper flags, creating keychains inspired by the national flag, decorating traditional conical hats and flying kites by the beach. In Hue, guests can combine the National Day break with visits to the Imperial City and Thien Mu Pagoda. The city will also host the Hue Wonderverse Music Fest 2026 at the Central Sports Square from Aug. 30 to Sept. 1.

Guests staying at Grand Royal Riverside Hue – Fusion Collection can enjoy a BBQ buffet at The Garden Restaurant from 6:30pm to 9pm. Guests checking in on Sept. 2 will also receive a complimentary drink decorated with the Vietnamese national flag.

At Fusion Resort Cam Ranh, guests can explore Bai Dai Beach while enjoying the resort’s wellness experiences and all-day breakfast, served either by the pool or in the privacy of their villa. A visit to Fusion Farm also gives guests the chance to collect fresh eggs and harvest seasonal produce.

For the evening, the resort’s BBQ buffet brings together grilled seafood such as locally caught oysters, prawns and fish, along with traditional pastries filled with seafood. The menu combines international flavors with local specialities for a relaxed holiday dining experience. At The Ocean Resort by Fusion Quy Nhon, guests can enjoy the central pool and private beach from Aug. 29 to Sept. 3. Pool & Beach Sips will be available daily from 4pm to 6pm.

The Kids’ Club will also host activities on Sept. 2, including making cards for parents, coloring Vietnamese landmarks and creating red flags featuring the iconic yellow star. On August 31, MIXE Restaurant will host a buffet with a “Dine 4, Pay 3” offer. In Ho Chi Minh City, Fusion Original Saigon Centre provides a central base for travelers exploring the city during the National Day holiday. On Sept. 2, Miss Thu, the hotel’s refined restaurant on the 24th floor, will host “A Toast to Vietnam” from 7pm to 10pm. Guests can enjoy curated bites along with 15% off à la carte dishes.

At Fusion Suites Vung Tau, the “Proud to be Vietnamese” program will run from Aug. 29 to Sept. 2. Guests wearing clothing featuring the Vietnamese national flag can receive a complimentary pastry when purchasing any drink at ROAST Café.

Guests booking directly through the hotel website can also receive up to 35% off room rates, along with an additional 12% Fusionlife member benefit and exclusive privileges during their stay.

Meanwhile, HIIVE by fusion Binh Duong New City offers a relaxed stay surrounded by greenery, with an outdoor pool for guests to unwind. At Zest Restaurant, the new menu brings together Asian-inspired flavors with a fusion approach, including Singaporean and Malaysian-inspired dim sum alongside local favourites such as crab soup. With a mix of festive dining, wellness, family activities and local cultural experiences, Fusion’s National Day program offers travelers different ways to enjoy the holiday across Vietnam.


Singapore Plans Tax and Visa Incentives to Strengthen Fund Sector

Singapore Plans Tax and Visa Incentives to Strengthen Fund Sector

By Manu Vardhan Kannan

Published on August 24, 2026

Singapore is planning a fresh set of tax and visa incentives to strengthen its asset management industry and stay competitive with Hong Kong. The Monetary Authority of Singapore (MAS) and the finance ministry will introduce tax exemptions on investment profits earned by fund managers managing certain funds, including single family offices.

The government also plans to make it easier for investment professionals to access Singapore's Overseas Networks & Expertise Pass, which is valid for up to five years before renewal and allows holders to work for multiple companies.

More details on the planned tax measures are expected to be announced in the 2027 budget. MAS will also support hedge funds that are committed to establishing or expanding their presence in Singapore through an investment programme.

The move comes as competition between Singapore and Hong Kong, two of Asia's major financial centres, continues to grow. Hong Kong is also working on expanding tax-free carried-interest measures to a wider range of fund houses and individual fund managers, aiming to attract more investment funds and financial talent.

The developments have raised concerns among Singapore-based funds that the growing tax gap could make Hong Kong more attractive to investment professionals. The Alternative Investment Management Association (AIMA) had warned MAS in July that Hong Kong's proposed tax benefits for individual fund managers could increase its appeal.

National Development Minister Chee Hong Tat, who is also deputy chairman of MAS, said it was important to provide the industry with clarity on the government's plans as companies consider where to locate and expand their businesses.

Kher Sheng Lee, AIMA's Asia-Pacific co-head, said the speed of Singapore's response had caught the attention of investors and added that the measures could strengthen the country's position in attracting managers, talent and capital.

MAS has also held discussions with hedge funds in recent months to understand their requirements and preferred tax rates. Singapore's asset management industry has grown at an average rate of 7.5% annually over the past five years, reaching nearly S$7 trillion, according to MAS data. The latest measures highlight Singapore's efforts to remain an attractive base for fund managers and investment professionals as competition with Hong Kong intensifies.


Qatar Airways Expands Starlink Wi-Fi Across 150 Widebody Aircraft

Qatar Airways Expands Starlink Wi-Fi Across 150 Widebody Aircraft

By Manu Vardhan Kannan

Published on August 23, 2026

Qatar Airways has reached a new milestone in its onboard connectivity programme with 150 Starlink-equipped widebody aircraft, including the world’s first Starlink-equipped Boeing 787-9.

The airline has also completed the Starlink rollout across its Boeing 787-8 sub-fleet in seven months, with more than half of its Boeing 787 fleet now equipped with the technology. Qatar Airways remains on track to complete the rollout across its Boeing 787 fleet by the end of 2026.

The latest milestone follows the airline’s earlier rollout across its Boeing 777 fleet in nine months and Airbus A350 fleet in eight months. Qatar Airways now operates Starlink-equipped Boeing 777, Airbus A350 and Boeing 787 fleets, making it the world’s first and largest Starlink-equipped widebody fleet.

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Starlink Wi-Fi on Qatar Airways can offer speeds of up to 500 Mbps, allowing passengers to stay connected while travelling. The service gives travellers the option to work, stay in touch with family and friends or enjoy online entertainment during their journey.

Qatar Airways was also the first airline to offer Starlink connectivity on long-haul and ultra-long-haul routes across six continents. Complimentary gate-to-gate Starlink Wi-Fi is being made available across more journeys on the airline’s global network, covering destinations across the Americas, Australasia, Africa, Asia, Europe and the Middle East.

Since Starlink connectivity was introduced onboard in October 2024, more than 23 million passengers have used the service across over 86,000 Qatar Airways flights.

The airline’s Starlink installation programme has now crossed 83 per cent completion, with up to 323 Starlink-equipped flights operating daily. The expansion is aimed at making fast and reliable onboard connectivity a more regular part of the passenger experience. Passengers can access complimentary Starlink Wi-Fi throughout their journey through seamless Privilege Club membership authentication or enrolment.

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