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The Ritz-Carlton to Expand Global Portfolio

The Ritz-Carlton to Expand Global Portfolio

CHEVY CHASE, Md.—The Ritz-Carlton Hotel Company will open 15 new hotels by 2016, growing its global footprint to 100 hotels and resorts. New openings ranging from a city property in Cairo to a beachfront resort in Bali.

“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 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. 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,” said Bob Kharazmi, global operations officer during a press conference in Dubai.

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 growth of Asia as a tourism powerhouse; 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 return to Bali with two properties—The Ritz-Carlton, Bali, 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,” Kharazmi said.

Adding to its existing portfolio of eight properties will also expand The Ritz-Carlton 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.

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