New 'Apartments by Marriott Bonvoy' Responds to Consumer Demand, Changing Travel Patterns

Apartments by Marriott Bonvoy
Apartments by Marriott Bonvoy

Marriott Executive Apartments has long served guests in Asia, Europe, the Middle East, Africa and Latin America with upscale, serviced apartments. The new Apartments by Marriott Bonvoy will extend this concept into the U.S. and Canada under a new brand name that reflects changing travel patterns.

Marriott said the new brand is designed to meet growing demand from "families and friends seeking more space for stays, propelled by the blending of work and leisure travel, and desire among younger travelers for wider accommodations options."

Apartments will feature a separate living room and bedroom, a full kitchen and an in-unit washer and dryer.

The concept will be differentiated from Marriott's extended-stay brands (Residence Inn, TownePlace Suites and Element), which have traditional hotel amenities like food and beverage options, meeting spaces and retail.

Apartments by Marriott Bonvoy locations will be positioned slightly higher on the pricing ladder than Marriott's core extended-stay portfolio, playing in the upscale and luxury segments. Marriott's extended-stay hotel brands are positioned as upper-midscale and upscale.

Marriott's push further into serviced apartments comes as hybrid apartment-hotels and short-term rentals continue to flourish. According to vacation rental data-analytics group AirDNA, demand for short-term rentals has hit record levels in the U.S., with demand projected to grow an average of 20.3 per cent from 2021 to 2022.

For more information, visit Apartments by Marriott Bonvoy.

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