THE RITZ-CARLTON Hotel Company has launched a major expansion and development initiative, which will bring the number of properties in its global portfolio to over 100 by 2016.
The initiative, which will involve 36 hotels and residential projects, represents an investment of more than US$2 billion.
Herve Humler, the company’s president and COO, said: “Throughout the world, especially in Asia and the Middle East, we expect to be the leading top-tier luxury hospitality and lifestyle brand by 2016.”
Properties including The Ritz-Carlton, Riyadh, The Ritz-Carlton Abu Dhabi, Grand Canal, and The Ritz-Carlton Residences in Singapore are scheduled to debut by end 2011.
Hotel openings in emerging destinations such as Chengdu, and an expansion of The Ritz-Carlton, Dubai are slated for 2012.
By 2013, Ritz-Carlton plans to have a presence in places such as Quy Nhon in Vietnam, and Cairo in Egypt.
2014 wil see Ritz-Carlton opening a resort in Sawangan, Bali. The Residences are also due to open in Bangkok and Similan Beach, while a third Japanese property will be launched in Kyoto.
The company’s plans for 2015 include a second property in Palm Hills, Cairo, and a Residences in Kuala Lumpur.
This will be followed in 2016 by the opening of The Ritz-Carlton, Qingdao Green Town.