Marriott Is Betting on Kathmandu With 300 Luxury Keys. The Existing One Already Lost Occupancy.
Marriott just announced a Ritz-Carlton and a Westin for Kathmandu, adding 300 rooms to a market where its current property saw occupancy drop from 67% to 61% last year. The brand math gets very interesting when you do the delivery test on a 2031 opening in an emerging luxury market that doesn't exist yet.