Traditional Culture Encyclopedia - Hotel franchise - In the 21st century, what stage of historical development does Marriott Hotels expand in China?

In the 21st century, what stage of historical development does Marriott Hotels expand in China?

Rapid expansion stage.

Marriott International Group entered the hotel industry market in mainland China in 1997 and has developed rapidly since then. In June 2012, Marriott International announced that it would invest US$2.6 billion to US$2.8 billion by 2014 to increase the number of hotels and prepare to double the number of hotels in Asia, with the largest expansion in China.