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
 Feb 1 2015 - Qatar- RasGas, KOGAS open toy library for children in South KoreaThe Peninsula
(MENAFN - The Peninsula) RasGas Company Limited (RasGas) and Korea Gas Corporation (KOGAS) inaugurated a Children's Toy Library in Anshim Social Welfare Community Centre in Daegu Metropolitan City, ...

 Feb 1 2015 - Over 300 dugongs seen off QatarThe Peninsula
(MENAFN - The Peninsula) Around 300 to 500 dugongs were sighted off the west coast of Qatar during a field mission by ExxonMobil Research Qatar (EMRQ) and the General Directorate of Natural ...

 Feb 1 2015 - Qatar- Panels set up to study key GCC issuesThe Peninsula
(MENAFN - The Peninsula) The first meeting of the 18th session of the GCC Consultative Authority at Doha Sheraton yesterday set up special committees to study key issues concerning the region, ...

 Jan 31 2015 - Bahrain's Investcorp to buy Spanish ceramics firmMENAFN
(MENAFN) Bahrain-based Investcorp said that it will be acquiring Fritta, a Spanish company that makes products for the ceramics industry, Arabian Business reported.Fritta produces important items in ...

 Jan 31 2015 - Total wins 10 percent stake in Abu Dhabi oil concessionsMENAFN
(MENAFN) French company Total said that it has signed a deal with the Abu Dhabi National Oil Company (Adnoc) for a 10 cent stake in developing oilfields in Abu Dhabi as part of oil concessions for a ...

 Jan 31 2015 - Iraqi oil exports decline in JanuaryMENAFN
(MENAFN) Iraq, OPEC's second-largest producer, registered a decline in its oil exports from its southern region in January from a record high recorded in the previous month due to shipping delays, ...

 Jan 31 2015 - Vodafone Qatar revenue up 21 percent in 9MMENAFN
(MENAFN) Vodafone Qatar's said its total revenue grew by 21 percent to USD474.59 billion for the nine months ended December 31, 2014, The Peninsula Qatar reported.The company's mobile customer base ...

 Jan 31 2015 - Qatar Airways to acquire 10 percent of IAGMENAFN
(MENAFN) Qatar Airways announced that it has bought nearly 10 percent of the parent company of British Airways and Spain's Iberia, deepening wealthy Qatar's business ties to Europe, Arab News ...

 Jan 31 2015 - Saudi RCJY signs three deals worth USD138.25mMENAFN
(MENAFN) Chairman of the Royal Commission for Jubail and Yanbu (RCJY) signed three contracts worth USD138.25 million to provide essential equipment and develop industrial zones, Arab News ...

 Jan 31 2015 - Saudi- Outspoken prince to launch pan-Arab news channelThe Peninsula
(MENAFN - The Peninsula) An outspoken, billionaire Saudi prince will on Sunday launch a pan-Arab satellite news channel aimed at challenging established networks in the region.Prince Alwaleed bin ...

more...


 






Google

Internatinal Property Show

 
 

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