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Marriott Expands Further in South Asia, Debuts in Nepal
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A Marriott International, Inc. (MAR - Free Report) unit, Fairfield by Marriott recently announced the opening of Fairfield by Marriott Kathmandu.
Along with marking Marriott’s entry in Nepal, Fairfield by Marriott Kathmandu also joins a portfolio of four other Fairfield by Marriott properties in South Asia.
The 115-roomed hotel is suitably located in Thamel, a district at the heart of the capital's central commercial hub. It is also in close proximity to all the destination's prominent attractions including the Narayanhiti Palace Museum, Garden of Dreams and the Kathmandu Durbar Square, and is just 5km away from the airport.
Fairfield by Marriott Kathmandu features an all-day dining restaurant, a Bar and lobby lounge and a fully equipped business centre. Notably, all public areas and guest rooms have high-speed Wi-Fi. Also, the hotel encompasses an in-house unique 24/7 convenience store known as The Market.
With around 850 hotels around the world, Fairfield by Marriott is a recognized leader in the select service segment. Thus, with its contemporary design, exceptional service and great value, the hotel is expected to cater to the needs of both business and leisure travelers.
Meanwhile, it is to be noted that in addition to domestic lands, Marriott is consistently trying to expand its presence worldwide and capitalize on the demand for hotels in the international markets, especially in Asia, Latin America, Middle East and Africa.
In fact, the company is particularly focused on growing its presence in Asian countries like China, India, Indonesia, Thailand and Australia. Consequently, the new property further expands its footprint in South Asia.
Notably, after announcing the acquisition of Starwood Hotels & Resorts on Sep 23, 2016, Marriott has become the world’s largest hotel company. Currently, it has more than 6,100 properties across 124 countries and territories, under 30 brand names. Moreover, post-acquisition of Starwood, shares of the company have gained 58.8%, while the broader S&P 500 index grew 11.3% in the same time frame, depicting the positive effect of the acquisition.
Given strong transient demand along with improvements in business and leisure travel, we believe Marriott is poised to grow in the near as well as long term. Further, investments in technology for hotel bookings are likely to improve guest experience and thus boost occupancy. In addition, the company believes that the linking of three industry-leading guest loyalty programs – Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest – would lead to an even larger loyalty community.
However, lingering political uncertainties in key international markets along with currency headwinds remain concerns for Marriott as well as most of the other hotel chains including Hyatt Hotels Corporation (H - Free Report) , Hilton Worldwide Holdings (HLT - Free Report) and Wyndham Worldwide Corporation .
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Marriott Expands Further in South Asia, Debuts in Nepal
A Marriott International, Inc. (MAR - Free Report) unit, Fairfield by Marriott recently announced the opening of Fairfield by Marriott Kathmandu.
Along with marking Marriott’s entry in Nepal, Fairfield by Marriott Kathmandu also joins a portfolio of four other Fairfield by Marriott properties in South Asia.
The 115-roomed hotel is suitably located in Thamel, a district at the heart of the capital's central commercial hub. It is also in close proximity to all the destination's prominent attractions including the Narayanhiti Palace Museum, Garden of Dreams and the Kathmandu Durbar Square, and is just 5km away from the airport.
Fairfield by Marriott Kathmandu features an all-day dining restaurant, a Bar and lobby lounge and a fully equipped business centre. Notably, all public areas and guest rooms have high-speed Wi-Fi. Also, the hotel encompasses an in-house unique 24/7 convenience store known as The Market.
With around 850 hotels around the world, Fairfield by Marriott is a recognized leader in the select service segment. Thus, with its contemporary design, exceptional service and great value, the hotel is expected to cater to the needs of both business and leisure travelers.
Meanwhile, it is to be noted that in addition to domestic lands, Marriott is consistently trying to expand its presence worldwide and capitalize on the demand for hotels in the international markets, especially in Asia, Latin America, Middle East and Africa.
In fact, the company is particularly focused on growing its presence in Asian countries like China, India, Indonesia, Thailand and Australia. Consequently, the new property further expands its footprint in South Asia.
Notably, after announcing the acquisition of Starwood Hotels & Resorts on Sep 23, 2016, Marriott has become the world’s largest hotel company. Currently, it has more than 6,100 properties across 124 countries and territories, under 30 brand names. Moreover, post-acquisition of Starwood, shares of the company have gained 58.8%, while the broader S&P 500 index grew 11.3% in the same time frame, depicting the positive effect of the acquisition.
Given strong transient demand along with improvements in business and leisure travel, we believe Marriott is poised to grow in the near as well as long term. Further, investments in technology for hotel bookings are likely to improve guest experience and thus boost occupancy. In addition, the company believes that the linking of three industry-leading guest loyalty programs – Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest – would lead to an even larger loyalty community.
However, lingering political uncertainties in key international markets along with currency headwinds remain concerns for Marriott as well as most of the other hotel chains including Hyatt Hotels Corporation (H - Free Report) , Hilton Worldwide Holdings (HLT - Free Report) and Wyndham Worldwide Corporation .
Notwithstanding the headwinds, this Zacks Rank #2 (Buy) company’s continual expansion efforts and an unmatched portfolio of lodging brands, raises optimism in the stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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