Ritz-Carlton, one of the world class luxury brands of
Marriott International, Inc.
), is set to unveil a new resort in Bali, Indonesia in
association with PT Oriental Indah Bali Hotel Company. Christened
The Ritz-Carlton, Bali, the new property is slated to open for
business in 2014. The hotel opening will mark a major achievement
for Marriott as it will add to its extensive luxury hotels
Bali, a province of Indonesia, is one of the world's leading
tourist destinations, blessed with beautiful islands, pristine
beaches, scenic beauty and cultural attractions. Nearly 3 million
travelers visited Bali in 2012 mainly from Australia, China,
Japan, Malaysia and South Korea. Bali is considered one of the
richest regions in Indonesia, gaining from its flourishing
These were the reasons for Marriott's decision to expand its
Ritz-Carlton brand in the country.
Strategically positioned at the cliff top in Sawagan,
Ritz-Carlton, Bali is located near the beach. With 90 guest
suites and 14 villas, the resort will provide a spectacular view
of the Bali Sea and will offer signature brand amenities
including Ritz-Carlton Spa, fitness center, six restaurants and
pool bar. The strategic location will enable the hotel to create
a strong guest base, going ahead.
Acquired in 1998, the Swiss brand -- Ritz-Carlton -- has grown
steadily ever since. It has already made a global presence with
nearly 81 properties across 26 countries. In addition to these,
The Ritz-Carlton operates three other properties, exclusively in
Indonesia. Well known for its upscale hospitality, this Zacks
Rank #3 (Hold) company sees the brand as a lucrative target for
Owing to the saturation in the U.S. market, various other
hoteliers such as
Wyndham Worldwide Corp.
Hyatt Hotels Corp.
Starwood Hotels & Resorts Worldwide Inc.
) are now exploring new growth opportunities in the South Asian
HYATT HOTELS CP (H): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
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