The Ritz-Carlton Hotel Company to Expand Global Portfolio
Wednesday May 7th, 2014 - 11:27AM BP
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CHEVY CHASE, MD—The Ritz-Carlton Hotel Company will open 15 new hotels by 2016, growing its global footprint to 100 hotels and resorts. With new openings ranging from a property in Cairo to a beachfront resort in Bali, the pipeline of upcoming openings offers travelers unique experiences in both established and emerging destinations.
“This prolific period of growth underscores the rising demand for The Ritz-Carlton in additional locations around the world. Travelers are increasingly curious and venturing beyond their traditional vacation spots to explore cultural and life-style capitals in Asia, Europe, Middle East and the Americas,” Bob Kharazmi, global operations officer, The Ritz-Carlton, said in a statement.
He added, “In tandem, we have also earmarked the Middle East, Asia, Australasia and the Indian Sub-continent as key development regions in the post-2016 period to maintain our growth momentum. Given the rising number of visitors and exciting developments in infrastructure, we anticipate strong business and leisure tourism potential in these markets and look forward to keeping up the momentum.”
Over the next 30 months, The Ritz-Carlton has new luxury properties scheduled to open in Egypt, Tunisia, Morocco, Indonesia and the People’s Republic of China and Panama. This is propelled by the tourism growth of Asia; The Ritz-Carlton will add five new hotels in the Asia-Pacific region with further development planned in Malaysia and India.
The brand is making a formidable return to Bali with two properties—The Ritz-Carlton, Bali, uniquely situated with a combination of white beachfront and elevated cliff top settings, as well as Mandapa, a Ritz-Carlton Reserve in Ubud, Mandapa will be the third global Ritz-Carlton Reserve property and its second in Asia, following Phulay Bay.
“Asia is in top form as a tourism and business hub attracting investment and visitors from around the globe. Established destinations such as Bali as well as emerging destinations like Bangalore, are both of immense interest to Ritz-Carlton as we look to fill the gap in the market for a luxury hospitality proposition flawless, personalized service and exceptional properties all with a sense of place,” added Kharazmi.
The luxury hotel brand has been on an aggressive growth trajectory with nine new hotels opened within the last 20 months. Destinations include Kyoto, Japan; Herzliya, Israel; Tianjin and Chengdu in China, Bangalore, India; Almaty, Kazakhstan; Aruba; Dorado Beach, Puerto Rico and Vienna, Austria.
Tags: Ritz-Carlton • 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.