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Marriott International Expects to Quadruple Its Portfolio in Vietnam With a Signed Pipeline of 30 Hotels

The planned expansion anticipates brand debuts and entries in new destinations across Vietnam

With the recent reopening of Vietnam’s borders, Marriott International, Inc. today announced plans to expand its portfolio in Vietnam, expecting to add nearly 9,000 rooms within the company’s portfolio and see the debut of key brands including Ritz-Carlton Residences, Marriott Hotels, Westin, and Courtyard by Marriott.

Marriott
Vietnam

Hanoi, Vietnam - With the recent reopening of Vietnam’s borders, Marriott International, Inc. today announced plans to expand its portfolio in Vietnam, expecting to add nearly 9,000 rooms within the company’s portfolio and see the debut of key brands including Ritz-Carlton Residences, Marriott Hotels, Westin, and Courtyard by Marriott.

“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.”

Premium Brands Lead the Way

Marriott’s premium brands continue to resonate in Vietnam. As the most global brand within the portfolio, Sheraton Hotels & Resorts, expects to make its debut in several new destinations across Vietnam, including on the Emerald Island of Phu Quoc, the world-famous UNESCO World Heritage Site of Ha Long Bay, the “City of Eternal Springs” Dalat and the shores of Binh Chau. A stylish new Renaissance Hotels is planned to open in the seafront city of Danang, while Le Méridien Hotels & Resorts plans to debut in Danang and Cam Ranh. The flagship Marriott Hotels brand is expected to debut in Hanoi, and Hoi An, while the Westin – the company’s leading wellness brand – is expected to open in Hanoi and Cam Ranh. Marriott Executive Apartments, the popular longer-stay brand, is also slated to start welcoming guests in Danang.

Select Service Brands Continue Rapid Growth

Marriott's select service portfolio is driving strong momentum for growth in Vietnam, providing a range of offerings for both domestic and international travelers. Fairfield by Marriott is slated to be introduced in locations such as Vinh Yen, Ha Long and Hanoi, while several Courtyard by Marriott hotels are expected to open across Danang, Ha Long and Nha Trang.

A Burgeoning Branded Residences Market

Marriott continues to lead the branded residential segment with nearly 190 projects open or in development worldwide. Asia Pacific (excluding China) is one of the world’s fastest growing regions for branded residences, led in part by significant growth in Vietnam where Marriott International anticipates opening several Marriott branded residences over the next four years. In 2021, the company announced a milestone branded residential 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 highly anticipated The Ritz-Carlton Residences, Hanoi also expects to make its debut in Vietnam in 2024.

“Vietnam is a vibrant destination and has over the years experienced record levels of tourism as international travelers flocked to the country and domestic travelers began to discover the many wonders available in their own backyard,” said Jakob Helgen, Area Vice President – Thailand, Vietnam, Cambodia & Myanmar, Marriott International. “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 ten properties in Vietnam, comprising 3,294 rooms and spanning six of the company’s brands. These hotels and resorts are located across six key business and leisure destinations including Hanoi, Ho Chi Minh City, Danang, Nha Trang, Phu Quoc and Binh Duong.

For more information about Marriott International, please visit www.marriott.com. 

Development Development Markets & Performance Asia Pacific Vietnam
Marriott
Franchise OrganizationBrand OwnerHotel Group

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.

Renaissance
Brand by Marriott

With over 175 hotels in nearly 40 countries around the world, Renaissance Hotels has hit its stride with the strongest hotel portfolio in its history, doubling down on its commitment to design with dramatic renovations and dynamic global growth on the horizon. Around the world, Renaissance Hotels connects travelers to the spirit of the neighborhood through its unexpected design, entertaining evening bar rituals and engaging Navigators,...

Marriott
Brand by Marriott

With over 580 hotels and resorts in over 60 countries and territories around the world, Marriott Hotels is evolving travel through every aspect of the guest's stay, helping to relax, clear minds, stimulate new ideas and anticipate travelers’ needs, leaving them inspired to reach their full potential. Boldly transforming itself for mobile and global travelers who blend work and play, Marriott leads the industry with innovations, including...

Ritz-Carlton
Brand by Marriott

The Ritz-Carlton Hotel Company, L.L.C., of Bethesda, MD, part of Marriott International, Inc., currently operates more than 100 hotels in 32 countries and territories. For more information or reservations, visit the company web site at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, Twitter, and Instagram.

Courtyard
Brand by Marriott

Courtyard by Marriott is the hotel brand of choice for trailblazing guests who are inspired by a passion to do great things. With more than 1,250 locations in over 55 countries and territories, Courtyard is passionate about empowering its guests and serving the needs of travelers everywhere, no matter the purpose of their trip. Its thoughtfully designed guestrooms provide an elevated experience to relax and recharge, complete with plush...

Fairfield Inn & Suites®
Brand by Marriott

Fairfield by Marriott was founded on the principles of warm, trusted service and friendly hospitality inspired by its unique heritage as the namesake of the Marriott family retreat, the Fairfield Farm. Its contemporary, uplifting design provides an effortless experience for guests to maintain their routines while on the road. Evoking the feelings of calming simplicity, Fairfield offers thoughtfully designed guestrooms and suites that...

Marriott® Executive Apartments
Brand by Marriott

Marriott Executive Apartments® offer an elevated serviced apartment experience in more than 30 locations worldwide, designed to meet the corporate traveler’s long stay lodging needs. These elegant studio, 1-, 2- and 3-bedroom apartments are located in the heart of business, shopping and entertainment districts. They offer all the comfort guests would expect from Marriott, with separate sleeping, living and working areas, gourmet...

Le Meridien
Brand by Marriott

Born in 1960s Paris during an era of glamorous travel, Le Méridien Hotels & Resorts continues to celebrate cultures around the world through the distinctly European spirit of savouring the good life. With over 100 hotels and resorts in 30+ countries and territories, spanning from Mauritius to Monaco and from Santa Monica to Sichuan, Le Méridien’s engaging mid-century designed spaces coupled with chic signature programmes put a playful...

Sheraton
Brand by Marriott

Sheraton Hotels & Resorts makes it easy for guests to feel welcome at over 425 hotels and resorts in nearly 70 countries and territories around the world. As the most global brand within Marriott Bonvoy’s portfolio of extraordinary hotel brands sitting at the center of hundreds of communities around the world, Sheraton has a rich heritage in creating a sense of belonging for guests, wherever they are in the world.

Westin
Brand by Marriott

Westin Hotels & Resorts, hospitality’s global leader in wellness for more than a decade, empowers guests to transcend the rigors of travel while on the road through the brand’s Six Pillars of Well-being: Sleep Well, Eat Well, Move Well, Feel Well, Work Well, and Play Well. At 225 hotels and resorts in nearly 40 countries and territories guests can experience wellness offerings that include the brand’s iconic and award- winning Heavenly Bed,...