Ritz Carlton banks on China recovery
19 August 2013 Last updated at 07:40 BST
The Ritz Carlton is one of the world's leading luxury hotel brands, positioned firmly at the high end of the market.
The international hotel chain is expanding in China, the world's second-largest economy.
It plans to double its number of hotels in China over the next three years.
Herve Humler, the president of Ritz Carlton explained to the BBC's Sharanjit Leyl why he is optimistic that the recent slowdown in China will be temporary.