Ritz-Carlton Outlines Expansion Plan
Marriott's Ritz-Carlton Hotel Co. announced an expansion plan on Thursday, aiming to increase its portfolio from the current 82 to 100 by 2016. The luxury lodging brand opened three properties over the past year, including locations in Puerto Rico, Abu Dhabi and Vienna, Austria. Six more hotels are slated to open in the last quarter of 2013: the 353-room Ritz-Carlton, Chengdu, and the 277-room Ritz-Carlton, Tianjin, both in China; the 320-room Ritz-Carlton, Aruba; the 197-room Ritz-Carlton, Herzliya, in Israel; the 145-room Ritz-Carlton, Almaty, in Kazakhstan; and the 277-room Ritz-Carlton, Bangalore, in India. The company intends to open six more properties in 2014, in Kyoto, Japan; Nanjing, China; Rabat, Morocco; Cairo, Egypt; Manesar, India; and Bali, Indonesia. Yet another six are slated for a 2015 opening, including properties in Cabo San Lucas, Mexico; Oman, Muscat; Bali, Indonesia; Ho Chi Minh City, Vietnam; Tunis, Tunisia; and Haikou, China. "The robust pipeline of hotel projects indicates a continued strong demand for Ritz-Carlton products and services," said president and CEO Herve Humler. "We are delighted at the company's continued positive growth."