The Ritz-Carlton Hotel Company has revealed major global expansion plans which will see it operate more than 100 properties worldwide by 2016.The $2 billion expansion programme will see the development of 36 hotels and residences globally, several of which will be located in Asia.The company has already opened three properties this year, located in Hong Kong, Canada and the UAE. The Ritz-Carlton Hong Kong currently ranks as the world’s highest hotel.By the end of this year, hotels including The Ritz-Carlton, Riyadh in Saudi Arabia, The Ritz-Carlton Abu Dhabi, Grand Canal and The Ritz-Carlton Residences in Toronto and Singapore are scheduled to open to the public. “While the global economy seems to show a recovery and the climate for interest in hotel and residential development looks encouraging, we are pleased that The Ritz-Carlton development pipeline is filled with potential international growth for the company,” said Herve Humler, President and Chief Operations Officer. “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.” The hotel operator expects to open a record number of properties in 2012 in destinations including Chengdu, China. It also expects to have completed the extensive expansion of the Ritz-Carlton Dubai before the end of the year. Two more Ritz-Carlton residential projects are scheduled be added in Chicago and Montreal.By 2014, it plans to have opened new properties in destinations as far flung as London, Puerto Rico, Quy Nhon, Cairo, Bangkok and Muscat.The company’s 2015 pipeline accounts for a second property in Cairo at Palm Hills as well as the opening of new Residences in Kuala Lumpur. This will be followed in 2016 with the anticipated opening of The Ritz-Carlton, Qingdao Green Town (China).
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