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Marriott set to open 40 luxury hotels in 2018

WASHINGTON — Bethesda-based Marriott International Inc. has well-heeled travelers on its mind for next year’s hotel development plans.

Marriott reports that it will open nearly 40 luxury hotels in 2018, catering to what it calls a new affluent traveler.

Marriott also said it will expand its luxury footprint further with 200 hotels in the development pipeline, including 25 new countries, from Iceland and Nepal to Cuba and the Philippines.

Marriott’s luxury brands include The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, EDITION and JW Marriott.

“We see luxury as a launchpad for self-actualization, with bucket lists evolving from where you want to go to who you can be,” said Tina Edmundson, global brand officer.

“With data showing a global shift in perception around luxury, we are uniquely positioned to provide personalized and truly differentiated experiences that resonate with this net-generation jet-setter.”

Marriott completed its acquisition of Starwood Hotels and Resorts Worldwide Inc. in September 2016, bringing its total hotel properties to more than 5,700 worldwide.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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