CENTARA Hotels & Resorts, which currently has 55 owned and managed properties within its global portfolio, is showing no signs of lowering its growth trajectory.
Over the next five years, the Thai hotel chain is aiming to acquire more than 45 hotels and resorts, with the intention of reaching 100 properties worldwide by 2017.
Aside from Thailand, Centara properties operating under the five-star Centara Grand, four-star Centara, Centara Residence & Suites, Centara Boutique Collection, and Centra value brands, can now be found across the Maldives, Vietnam, the Philippines and Bali.
Further resort openings have been earmarked in Mauritius and Sri Lanka (TTG Asia e-Daily, June 13, 2012).
Meanwhile, Centara has revealed that its inaugural China property will open in Shanghai in 2013, though no other details are available. The company is also looking to establish a presence in developing countries such as Myanmar.