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Marriott (MAR) Debuts its JW Marriott Brand in Singapore
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A Marriott International, Inc. (MAR - Free Report) unit, JW Marriott Hotels & Resorts recently announced the opening of JW Marriott Hotel Singapore South Beach. This property will be the first Singaporean property under the global luxury brand that is part of Marriott’s luxury brands portfolio.
The 634-roomed hotel is suitably located in close proximity to Singapore's key tourist attractions and business districts, rendering it an exclusive option for both leisure and corporate travelers. The property also encompasses two sky gardens, an infinity pool, the signature Spa by JW, a grand ballroom, large meeting spaces and nine food & beverage outlets. Moreover, each of the guest rooms and suites are featured with smart technology including an Internet Protocol Television (IPTV) system and a Wi-Fi enabled mobile phone that enables guests to accept calls anywhere within the property.
The JW Marriott Hotel Singapore South Beach, along with marking the brand’s entry into Singapore, joins a portfolio of over 75 JW Marriott properties worldwide, spanning across 25 countries.
Marriott is consistently trying to expand its global presence and capitalize on the demand for hotels in the international markets.
Notably, after announcing the acquisition of Starwood Hotels & Resorts on Sep 23, Marriott became the world’s largest hotel company, spanning across 120 countries with over 6,000 properties. Shares of the company gained 23.2% since the date, while Marriott’s peer group gained 11.6% in the same time frame, depicting the positive effect of the acquisition.
Meanwhile, with the boost in the economy and an improvement in business and leisure travel, Marriott is well poised to grow in the near and long term. The company’s significant international exposure and an aggressive buyback strategy add to the positives. Further, its investments in technology for hotel bookings would improve guest experience, thereby boosting occupancy.
However, revenue growth at Marriot might get restricted as lingering political uncertainty in key international markets and significant currency headwinds are affecting most of the hoteliers including Hyatt Hotels Corporation (H - Free Report) , Hilton Worldwide Holdings (HLT - Free Report) , Wyndham Worldwide Corporation , etc.
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Marriott (MAR) Debuts its JW Marriott Brand in Singapore
A Marriott International, Inc. (MAR - Free Report) unit, JW Marriott Hotels & Resorts recently announced the opening of JW Marriott Hotel Singapore South Beach. This property will be the first Singaporean property under the global luxury brand that is part of Marriott’s luxury brands portfolio.
The 634-roomed hotel is suitably located in close proximity to Singapore's key tourist attractions and business districts, rendering it an exclusive option for both leisure and corporate travelers. The property also encompasses two sky gardens, an infinity pool, the signature Spa by JW, a grand ballroom, large meeting spaces and nine food & beverage outlets. Moreover, each of the guest rooms and suites are featured with smart technology including an Internet Protocol Television (IPTV) system and a Wi-Fi enabled mobile phone that enables guests to accept calls anywhere within the property.
The JW Marriott Hotel Singapore South Beach, along with marking the brand’s entry into Singapore, joins a portfolio of over 75 JW Marriott properties worldwide, spanning across 25 countries.
Marriott is consistently trying to expand its global presence and capitalize on the demand for hotels in the international markets.
Notably, after announcing the acquisition of Starwood Hotels & Resorts on Sep 23, Marriott became the world’s largest hotel company, spanning across 120 countries with over 6,000 properties. Shares of the company gained 23.2% since the date, while Marriott’s peer group gained 11.6% in the same time frame, depicting the positive effect of the acquisition.
Meanwhile, with the boost in the economy and an improvement in business and leisure travel, Marriott is well poised to grow in the near and long term. The company’s significant international exposure and an aggressive buyback strategy add to the positives. Further, its investments in technology for hotel bookings would improve guest experience, thereby boosting occupancy.
However, revenue growth at Marriot might get restricted as lingering political uncertainty in key international markets and significant currency headwinds are affecting most of the hoteliers including Hyatt Hotels Corporation (H - Free Report) , Hilton Worldwide Holdings (HLT - Free Report) , Wyndham Worldwide Corporation , etc.
Marriott currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>