From Bloomberg
Marriott Plans Record Asia Hotel Openings on Rising Tourism
Marriott International Inc., said it’s planning a record number of hotel openings for Asia in 2013 to cater to growing demand in the region. The company plans to open about 27 hotels in Asia, the most in a year since it started operations in the region in 1989, said Craig Smith, Asia-Pacific chief operations officer. That’s more than the 17 hotels it opened in 2009, the most so far in one year.

The number of travelers in Asia increased as the region’s economies expand. International tourist arrivals in Asia almost doubled in the past decade to 203.8 million travelers in 2010 from 110.1 million in 2000, according to the World Tourism Organization, and hotel transaction volume surged 59 percent to $2.6 billion in Asia in the first half, according to data from Jones Lang LaSalle Hotels. Click here for the full story.