Marriott hotel group to double presence in China
By Xu Junqian in Shanghai | China Daily | Updated: 2016-09-24 07:43
Marriott International Inc - the newly-merged company that is the world's biggest hotel group - plans to double its presence in China, the firm announced on Friday.
The Maryland-based group announced the same day its completion of the acquisition of Starwood Hotels & Resorts Worldwide Inc, following approval from the Chinese Ministry of Commerce on Sept 20.
Marriott International now operates a total of 260 properties in China, with another 300 in the pipeline. Research firm Euromonitor International estimated that it enjoys a leading market share of 4.1 percent in the Chinese market, followed by Homeinns Hotel & Management at 4 percent and China Lodging Group at 3.9 percent.
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