03 May 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.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more