Marriott, in announcing its results, said it expects to open 25,000 to 30,000 rooms this year with the focus mainly abroad. Marriott intends to add at least 21 hotels in China in the next three years.
If this is a harbinger of things to come China will be over supplied with upmarket hotels.
Wyndham is scheduled to post results today, Starwood tomorrow.
Wyndham is scheduled to post results today, Starwood tomorrow.
Hyatt Hotels reports May 6.
Watch for a flood of China hotel announcements.
Bloomberg BusinessWeek reports all of these have significant presence in China and it will be interesting to add up the figures and come to a tentative final total.