Marriott International Expands in China With Ritz-Carlton Deal
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Marriott International has announced a partnership with Xiamen Green Development Investment Group to introduce The Ritz-Carlton brand to Xiamen Island in Fujian Province, China.
December 24, 2024 | 3:00 pm
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Marriott International is expanding its presence in China by partnering with Xiamen Green Development Investment Group to introduce The Ritz-Carlton brand to Xiamen Island.
The partnership to introduce The Ritz-Carlton brand in Xiamen Island represents a strategic expansion for Marriott in the Chinese market, which could lead to increased revenues and brand presence. This is likely to have a positive short-term impact on MAR's stock price.
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