Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Ritz-Carlton eyes Middle East Asia  Join our daily free Newsletter

MENAFN - Khaleej Times - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Xury hotel giant bullish on continent?s prospects; expansions in the pipeline the ritz-carlton hotel company sees a bullish outlook for the hospitality industry in asia and the middle east and plans to expand its presence in the continent in next two years its senior official says.the luxury hotel brand which has 85 properties in 30 countries worldwide said the luxury hospitality market has traditionally done well in the middle east as travellers to and from the region are willing to make an investment in a unique guest experience at an exceptional property. it will launch 15 new hotels including five new properties in the middle east and africa growing its brand footprint to 100 hotels by 2016.“from a brand perspective we are seeing increasing interest in ritz-carlton and our products reflecting the upbeat sentiment in the market with regards to luxury hospitality. in countries like the uae host of expo 2020 and qatar host of the 2022 fifa world cup this is pronounced as these markets need to bolster their existing hospitality infrastructure with a diverse range of options to cater to the incoming demand” bob kharazmi global operations officer the ritz-carlton hotel company told khaleej times during an interview on the sidelines of the arabian travel market in dubai.over the next 30 months ritz-carlton has new properties scheduled to open in egypt tunisia morocco indonesia china and panama. underscoring the growth of asia as a tourism powerhouse ritz-carlton will add five new properties in the region with further development planned in malaysia and india.kharazmi said the ritz-carlton hotel brand has eight properties in the middle east and africa including three in the uae — the ritz-carlton dubai; the ritz-carlton difc and the ritz-carlton abu dhabi grand canal. adding to this portfolio the brand will also launch the nile ritz-carlton cairo; the ritz-carlton tunis; as well as the ritz-carlton marrakech; the ritz-carlton rabat and the tamuda bay reserve in morocco.“as a source market the middle east is very critical to us. travellers from this region have three aspects that are very attractive to hoteliers — travelling with family is very strong in this region; hotel stays by families and travellers from the middle east are longer than the average stay and finally the spending power of the middle east family is higher than the average global traveller” he said.kharazmi an industry veteran of 31 years said it is very difficult to pigeon-hole the middle east guest into the same category as the european asian or american guest. as a development market he said the middle east is one that “we are expanding our presence in. with the pace of infrastructural developments and economic growth in the middle east the tourism industry is flourishing. our eight properties in the region are performing very well and we are experiencing a high level of interest from owners as well as guests”.about the key growth markets for the ritz-carlton hotel brand he said asia australasia north africa and the middle east are “our key development markets reflecting the shift of economic activity from the west to the east”.“also with the new crop of global travellers who are willing to explore beyond their comfort zones we are seeing increasing interest in asia from the middle east and interest in the travel to the middle east and levant from travellers in europe” he added. “the us remains one of our main strongholds with several iconic properties based in the country. thanks to the increased air lift from the gcc by the big three airlines — emirates etihad airways and qatar airways — we are also getting the opportunity to showcase these landmark hotels and the distinct experiences to guests from the middle east.”about expansion plans he said the brand currently has 85 hotels worldwide in 30 countries including austria bahrain canada china germany india indonesia japan kazakhstan malaysia mexico oman qatar russia singapore saudi arabia spain thailand turkey the uae and the us among others. “we are very bullish about asia at the moment and have five properties set to open in the continent. we have back-to-back openings planned in bali for later this year — the ritz-carlton bali and mandapa a ritz-carlton reserve in ubud bali mark our return to the island.”“reflecting the robust growth in the chinese market we have three properties set to open there by 2015. we made our entry into the indian sub-continent with the ritz-carlton bangalore last year and are exploring opportunities to expand further” he said.


 


Khaleej Times




  MENA News Headlines
 Aug 28 2015 - US- Short-handed Giants beat CubsGulf Times
(MENAFN - Gulf Times) Joe Bochy, a San Francisco Giants scout, is in town to help evaluate the club on this homestand. Maybe he can turn in a report on his kid brother, Bruce.When you win with a ...

 Aug 28 2015 - Jordan- Rania: Muslims must do more to counter ISGulf Times
(MENAFN - Gulf Times) Queen Rania of Jordan said yesterday that moderate Muslims were not doing enough to fight against IS militants and their "diabolical ideology". Speaking at a major French ...

 Aug 28 2015 - Abbas heats up Palestinian politics in PLO reshuffle bidGulf Times
(MENAFN - Gulf Times) President Mahmoud Abbas is acting to shake up Palestinian politics, with peace talks with Israel in deep freeze and unity efforts with Hamas Islamists who run the Gaza Strip ...

 Aug 28 2015 - Iraq's PM orders easier access to streets closed by militias, factionsGulf Times
(MENAFN - Gulf Times) Iraqi Prime Minister Haider al-Abadi on Friday ordered military commanders to make it easier for civilians to get into Baghdad's fortified Green Zone while improving access to ...

 Aug 28 2015 - 26 Indian nationals died in Qatar this monthGulf Times
(MENAFN - Gulf Times) A total of 26 Indians died in Qatar in August, taking the total number of deaths registered with the Indian embassy so far this year to 192. The total number of deaths ...

 Aug 28 2015 - Qatari, Mongolian armed forces stage joint exercisesGulf Times
(MENAFN - Gulf Times) Qatar Armed Forces have ended the 'Decisive Decision 11' exercise with the Mongolian armed forces in the Mongolian capital Ulaanbaatar. HE the Minister of State for Defence ...

 Aug 28 2015 - Qatar- Emir sends Independence Day greetingsGulf Times
(MENAFN - Gulf Times) HH the Emir Sheikh Tamim bin Hamad al-Thani, HH the Deputy Emir Sheikh Abdullah bin Hamad al-Thani and HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser ...

 Aug 28 2015 - IMC pays tribute to Qatar Charity for supporting Ebola treatmentGulf Times
(MENAFN - Gulf Times) International Medical Corps (IMC) UK hosted a party this week in London to thank the volunteers who have given their time and expertise to assist with the devastating Ebola ...

 Aug 28 2015 - Qatar- Raffle drawGulf Times
(MENAFN - Gulf Times) Ghasham international RP Tech's 18th anniversary promotion raffle draw was conducted yesterday at RP Tech showroom, Barwa village, Wakrah. Mega prize FJ Cruiser was won by ...

 Aug 28 2015 - Qatar- QNL's 'Back to School' event ignites creative spark in kidsGulf Times
(MENAFN - Gulf Times) A large number of children participated in the first 'Back to School Children's Event' yesterday aimed at enhancing their art skills and creativity through various ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help