In collaboration with Sekisui House Ltd., one of Japan's leading property developers, The Ritz-Carlton, a wholly-owned subsidiary of Marriott International Inc. (MAR) has unveiled a luxury hotel, The Ritz-Carlton, Kyoto, Japan. This marks the fourth opening under this brand in Japan.
Strategically positioned in the heart of the city, this riverside resort is located on the banks of Kamogawa River and is located close to retail and entertainment destinations. With a clear view of the river and the Higashiyama Mountains, this hotel is an ideal leisure location and is located in the city of Zen temples, palaces and gardens. The hotel features a signature spa, a Japanese restaurant, an Italian restaurant and additional space for meetings, weddings and other special events.
Kyoto offers international travelers the quintessential Japanese experience. We believe the hotel’s strategic location will enable it to host both leisure and business travelers.
Marriott is focused on expanding its footprint in international markets especially in Asia, the Middle East, Europe and Latin America, which boast solid growth potential. The demand for hotels in the international market is greater than in the U.S. and the pace of recovery is particularly fast in the underserved Asia-Pacific region.
In order to withstand competition, other hoteliers like Starwood Hotels & Resorts Worldwide Inc. (HOT) also came up with back-to-back openings worldwide.
Marriott International presently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the hotel industry include Choice Hotels International Inc. (CHH) and Wyndham Worldwide Corp. (WYN). Both these stocks hold a Zacks Rank #2 (Buy).