Ritz-Carlton will continue its Chinese expansion this year with the launch of its first hotel in Tianjin.
Opening in mid-2013, the Ritz-Carlton Tianjin will be located on the Haihe River, in the former British concession area of the city, surrounded by the 19th and 20th Century European-style buildings.
“The opening of The Ritz-Carlton Tianjin… reflects our desire.
Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics in 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In 2012, the Asia/Pacific region’s occupancy ended the year virtually flat with a 0.5-percent increase to 68.3 percent, its average daily rate increased 0.9 percent to US$129.26 and.