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Marriott launches brand for bleisure travelers: Apartments by Marriott

Bethesda, Maryland-based Marriott International is launching a brand that will cater to “bleisure” travelers — those who combine business trips with vacation time, a niche of traveler that has expanded since the pandemic began.

Apartments by Marriott Bonvoy will also appeal to younger travelers’ desire for more accommodation options, Marriott said.

Apartments by Marriott Bonvoy will cater to those who combine business trips with vacation time, a niche of traveler that has expanded since the pandemic began. (Courtesy Marriott International)


Marriott’s brands already include Marriott Executive Apartments in Asia, Europe, the Middle East, Africa and Latin America.

Apartments by Marriott Bonvoy will focus on the U.S. and Canadian markets. It will differ from its other extended stay brands by not having on-site food and beverage services, meeting spaces or retail.

In addition to living rooms, bedrooms and full kitchens, the apartments will have in-unit washers and dryers. The properties will be positioned in the upscale and luxury segments.

Marriott operates 8,200 hotels under 30 existing brands. It opened 77 new hotels last quarter, and ended the quarter with more than 1,000 hotels under construction.

Shares fall in Asia, with Kospi down 5.2%, while oil prices jump

BANGKOK (AP) — Shares slipped Wednesday in Asia after Wall Street pulled further from its all-time high as artificial-intelligence stocks resumed their decline. South Korea’s Kospi led the regional retreat, dropping 5.2% to 6,515.97. The two biggest companies benefiting from the AI boom tracked losses for their U.S. rivals. Samsung Electronics shed 6.9%, while memory chipmaker SK Hynix tumbled 7.9%. In Tokyo, the Nikkei 225 sank 2.6% to 65,703.78. The Hang Seng in Hong Kong lost 0.4% to 25,382.66, while the Shanghai Composite index shed 1.5% to 3,927.70. Taiwan's Taiex fell 1.4%, and Australia's S&P/ASX 200 slipped 0.4% to 9,083.70. Apart from renewed jitters over criticism that AI-related stocks have shot too high, rising oil prices also were clouding market sentiment.
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