Top News Marriott International to quadruple portfolio in Vietnam By TTG Asia / Posted on 4 April, 2022 13:01 Danang's Golden Bridge pictured Marriott International has set a target of adding nearly 9,000 keys within its portfolio for Vietnam, and will debut several key brands including Ritz-Carlton Residences, Marriott Hotels, Westin, and Courtyard by Marriott in the country. Several premium brands will debut in the country. Sheraton Hotels & Resorts will debut in several new destinations, while Renaissance Hotels will establish its presence in Danang and Le Méridien Hotels & Resorts in both Danang and Cam Ranh. The flagship Marriott Hotels brand will debut in Hanoi and Hoi An, while Westin will open in Hanoi and Cam Ranh. Marriott International will bring several brands into Vietnam, in destinations such as Danang and Cam Ranh; Golden Bridge, Danang pictured Marriott Executive Apartments is also slated to enter Danang. In the select service segment, Marriott International will introduce Fairfield by Marriott to Vinh Yen, Halong and Hanoi, while Danang, Ha Long and Nha Trang will see several Courtyard by Marriott hotels opening. The company will also expand its branded residential portfolio over the next four years. In 2021, the company announced a milestone project that is expected to include close to 4,200 dual-branded residential and officetel units in Ho Chi Minh City. The project is expected to serve as the world’s largest hotel-branded residential project and is slated to open in phases in late 2024. The Ritz-Carlton Residences, Hanoi is also slated to open in 2024. “Vietnam experienced impressive pre-pandemic economic growth driven in part by coordinated development policies and the strong investment in infrastructure,” said Rajeev Menon, president, Asia Pacific (excluding Greater China), Marriott International. “Our growth in Vietnam reflects the trust our local owners and franchisees continue to have in Marriott International, and we look forward to presenting them with opportunities to leverage our comprehensive portfolio of 30 brands, as well as our strong distribution network.” Marriott International’s area vice president – Thailand, Vietnam, Cambodia & Myanmar, Jakob Helgen said: “Vietnam is a vibrant destination and has over the years experienced record levels of tourism as international travellers flocked to the country and domestic travellers began to discover the many wonders available in their own backyard. With the recent reopening of borders, we are hopeful for Vietnam to rebound rapidly, and we are excited to expand across even more parts of this captivating country.” Marriott International currently operates 10 properties in Vietnam, spanning six brands.