Ritz-Carlton Hotel Company Charts Global Expansion Plan
Thursday September 12th, 2013 - 11:16AM PB
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CHEVY CHASE, MD—The Ritz-Carlton Hotel Company LLC today announced a major expansion and development initiative that will bring the total number of properties in its portfolio to 100 hotels and resorts worldwide by 2016. The company currently operates 80 hotels in the Americas, Europe, Asia, the Middle East, Africa and the Caribbean.
"The robust pipeline of hotel projects indicates a continued strong demand for Ritz-Carlton products and services. We are delighted at the company's continued positive growth,” stated Herve Humler, president and COO of the Ritz-Carlton Hotel Company. “Across the globe, and especially in Asia and the Middle East, we will be the undisputed top-tier luxury hospitality brand by 2016.”
In the last 12 months, The Ritz-Carlton has opened three properties, including Dorado Beach, a Ritz-Carlton Reserve in Puerto Rico, The Ritz-Carlton, Abu Dhabi a beachfront resort in the capital city of The United Arab Emirates, and the brand's first hotel in the city of Vienna in Austria.
No less than six new Ritz-Carlton hotels are scheduled to open in the last quarter of this year, including two properties in China; The Ritz-Carlton, Chengdu and The Ritz-Carlton, Tianjin; The Ritz-Carlton, Aruba will add to its Caribbean portfolio; and the luxury brand is slated to open in three new countries with The Ritz-Carlton, Herzliya, Israel; The Ritz-Carlton, Almaty in Kazakhstan and The Ritz-Carlton, Bangalore in India.
The 2014 schedule follows with a record number of new openings including Kyoto, Japan; Nanjing, China; Rabat, Morocco; Cairo, Egypt; Manesar, India and Bali, Indonesia. By 2015, The Ritz-Carlton anticipates that it will open world-class luxury hotels and resorts in Cabo San Lucas; Oman, Muscat; Bali, Indonesia; Ho Chi Minh, Vietnam; Tunis, Tunisia and Haikou, China.
Tags: Ritz-Carlton Hotel Company • Hospitality • Brands • Openings •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.