Corporate Monitor: ME to account for 20% of Ritz Carlton's revenue by 2015 - MENAFN - Middle East North Africa . Financial Network

Home

MENAFN News

Market Data

Research

Tools

Cart


SEARCH

By:	Name	Symbol

> advanced search

Company Information
Contacts Details
Parties Involved
Detailed Quote
Company News
Charts
Historical Stock Prices
Key Financial Figures

	MENAFN - 03/05/2012

(MENAFN) Ritz Carlton's area vice-president for Europe, the Middle East and Africa, Pascal Duchauffour, announced that nearly 20 percent of the hotel firm's worldwide revenue will come from the Middle East by 2015, reported Gulf News.

Duchauffour said that at the current time, the company's revenue is divided equally between the US and other international markets, and of the global markets, the Middle East represents approximately 25 percent, Asia 50 percent and Europe the remaining 25 percent.

He also added that by 2015, the company, part of Marriott International, will have at least 15 hotels in the Middle East, compared with 10 now.

It is worth noting that Ritz Carlton's global portfolio is forecasted to surpass 100 hotels by 2015, from the current 78 hotels.



		MENAFN News	Market Data	Countries	Tools	Section
	Arabic MENAFN	Main News News By Industry News By Country Marketwatch News UPI News Comtex News IPO News Islamic Finance News Private Equity News How-To Guides Technology Section Travel Section Search News	Market Indices Quotes & Charts Global Indices Arab Indices US Markets Details 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 Investment Game Economic Calendar Financial Glossary My MENAFN Portfolio Tracker Voting 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

© 2000 menafn.com All Rights Reserved. Terms of Service \| Privacy Policy \| Contact Us \| Advertise \| About MENAFN \| Career Opportunities \| Feedback \| Help