Quote Of The Day: Ritz-Carlton’s Road Map For Expansion

The Ritz-Carlton Millenia Singapore. (Wikimedia Commons)

The Ritz-Carlton Millenia Singapore. (Wikimedia Commons)

“If you look into the travel patterns of the Chinese out of China, it is growing rapidly. Travel out of China will hit 100 million travelers by 2020, so we are always interested to know where they are going, and that becomes a road map for us.”

-Bob Kharazmi, Ritz-Carlton’s global officer of worldwide operations, on the factors guiding the company in its location choices for global expansion.

(The Street)

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