Four Seasons luxury hotels will become the largest chain in the world in the next decade with the Middle East contributing huge growth, Bahram Sepahi, regional vice president in the region told Arabian Business.
"We have a significant period of growth ahead of us, probably the most significant in our 46-year old history," he said.
"We have 20 hotels under development and a large portfolio of those are in the Middle East. That's a three to five-year perspective, but when you look beyond that for the next five to 10 years you probably have an equal amount of project potential. "On a routine basis we're solicited for interest to participate in projects around the world. Over the next 10 years this company could easily double in size to become the biggest of its kind in the world."
Four Seasons has 76 locations in 34 countries worldwide and will break the 100 property mark in the next three to five years, according to Sepahi.
"We're not a big hotel company and we never will be. Within our market segment, however, the world-class, deluxe operator segment, we operate the most amount of properties worldwide. That will only continue to be the case. The chain operates hotels in nine locations in the Middle East.
It's most recent opening was in Alexandria in Egypt, its fourth in the country. It also has properties in Amman in Jordan, Riyadh in Saudi Arabia, Doha in Qatar, Damascus in Syria, and Dubai with its golf club and planned hotel set to be completed in 2010.
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