THE RITZ-CARLTON HOTEL COMPANY TO EXPAND GLOBAL PORTFOLIO TO 100 HOTELS BY 2016 WITH 15 NEW ADDITIONS

458The Ritz-Carlton Hotel Company will launch 15 new hotels, including five new properties in the Middle East & Africa, growing its brand footprint to 100 hotels by 2016. With new openings ranging from an iconic city property in Cairo to a beachfront resort in Bali, the pipeline of upcoming openings offers travelers from the Middle East unique experiences in both established and emerging destinations.

“This prolific period of growth underscores the rising demand for The Ritz-Carlton brand of luxury hospitality in markets around the globe, especially by travelers from the Middle East who are increasingly venturing beyond the traditional markets of Europe to explore cultural and life-style capitals in Asia and North Africa. In tandem, we have also earmarked the Middle East, Asia, Australasia and the Indian Sub-continent as key development regions in the post-2016 period to maintain our growth momentum. Given the rising visitor numbers and exciting infrastructural developments, we anticipate strong business and leisure tourism potential in these markets and look forward to keeping up the momentum,” said Bob Kharazmi, global operations officer.

Over the next 30 months, The Ritz-Carlton has new properties scheduled to open in Egypt, Tunisia, Morocco, Indonesia, the People’s Republic of China and Panama. Underscoring the growth of Asia as a tourism powerhouse, The Ritz-Carlton will add five new properties in the region with further development planned in Malaysia and India.

The brand is making a formidable return to Bali with two much-anticipated properties - The Ritz-Carlton, Bali, uniquely situated with a combination of white beach front and elevated cliff top settings, as well as Mandapa, a Ritz-Carlton Reserve in Ubud,. Mandapa will be Ritz-Carlton’s third global Reserve property and it’s second in Asia, following Phulay Bay. “Asia is in top form as a tourism and business hub attracting investment and visitors from around the globe. Established destinations such as Bali as well as emerging destinations like Bangalore, are both of immense interest to Ritz-Carlton as we look to fill the gap in the market for a luxury hospitality proposition flawless, personalized service and exceptional properties all with a sense of place,” added Kharazmi.

Adding to its existing portfolio of eight properties will also expand its footprint in the Middle East & Africa market with The Nile Ritz-Carlton, Cairo (Egypt); The Ritz-Carlton, Tunis (Tunisia) as well as The Ritz-Carlton, Marrakech; The Ritz-Carlton, Rabat and the Tamuda Bay Reserve in Morocco.

Note on forward-looking statements: This press release contains “forward-looking statements” within the meaning of federal securities laws, including statements concerning the number of lodging properties we expect to add in the future, the locations of those properties, the year in which particular properties will open, and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those we identify below and other risk factors that we identify in Marriott International, Inc.’s most recent quarterly report on Form 10-Q. These risks include changes in market conditions; the continuation and pace of the economic recovery; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; and the availability of capital to finance hotel growth and refurbishment. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release, and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


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