Ritz

The Ritz-Carlton Hotel Company has outlined plans to open 15 new hotels by 2016, in a move to expand its global footprint to 100 hotels and resorts.

As part of the plan, new properties are scheduled to open in Egypt, Tunisia, Morocco, Indonesia, and the People’s Republic of China and Panama over the next 30 months.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Ritz-Carlton will add five new hotels in the Asia-Pacific region with further development planned in Malaysia and India.

The brand is planning to return to Bali with two new properties – The Ritz-Carlton, Bali, and 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.

Furthermore, The Ritz-Carlton will expand its footprint in the Middle East and Africa market with The Nile Ritz-Carlton, Cairo (Egypt); The Ritz-Carlton, Tunis (Tunisia) as well as The Ritz-Carlton, Marrakech; The Ritz-Carlton, Rabat and the Tamuda Bay Reserve in Morocco.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"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."

Ritz-Carlton Hotel global operations officer Bob Kharazmi said that this prolific period of growth underscores the rising demand for The Ritz-Carlton in additional locations around the world.

"Travellers are increasingly curious and venturing beyond their traditional vacation spots to explore cultural and lifestyle capitals in Asia, Europe, Middle East and the Americas.

"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," Kharazmi added.

Over the last 20 months, the luxury hotel brand has opened nine properties, in Kyoto, Japan; Herzliya, Israel; Tianjin and Chengdu in China; Bangalore, India; Almaty, Kazakhstan; Aruba; Dorado Beach; Puerto Rico; and Vienna, Austria.

Image: The Ritz-Carlton, Washington, D.C. Photo courtesy of AgnosticPreachersKid at wikipedia.