IHG signs management agreement for new Holiday Inn & Suites in Dubai Business Bay

IHG signs management agreement for new Holiday Inn & Suites in Dubai Business Bay

IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed a management agreement with Kingston Holdings International Limited to develop a new Holiday Inn® & Suites in Dubai Business Bay. The signing will complement IHG’s hotel pipeline in the area, which includes a Hotel Indigo®, Crowne Plaza® and an InterContinental Residences®, and anchor the...

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Tourists spending seven percent up in Lebanon this summer

Tourists spending seven percent up in Lebanon this summer

According to Global Blue’s ‘Insights into tourist spending Q3’ report, the tourist spending increased by seven percent in Q3 2017 compared to Q3 2016.   “Summer 2011 was the peak, and comparing this summer’s results to that of 2011, we are still below by – 18.27 percent,” Joe Yacoub, Lebanon...

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Samih Sawiris invests in Dutch online booking platform

Samih Sawiris invests in Dutch online booking platform

The award-winning online booking platform Dutch startup, Bidroom.com, secured substantial investment from Egyptian businessman Samih Sawiris, founder of the Orascom Development Group, a conglomerate of companies operating in many different areas, like tourism and hospitality, but with a primary business focus on developing, constructing and managing whole tourist destinations.  ...

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Avani Hotels & Resorts to debut in North Africa

Avani Hotels & Resorts to debut in North Africa

Avani Hotels & Resorts, a brand of Minor Hotels, announced that it will debut in North Africa with two new properties in Tunisia, in partnership with Groupe Chaabane. Scheduled to open in the coming months, Avani Les Berges Du Lac Tunis Suites will be located in Les Berges du Lac...

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Holiday Inn debuts in Doha

Holiday Inn debuts in Doha

InterContinental Hotels Group (IHG) announced the opening of Holiday Inn Doha – The Business Park in partnership with the Trans Orient Group. The opening marks the brand’s debut in the country and is the 24th Holiday Inn in the Middle East region.   The 307-room hotel is situated right in the center of the...

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Emaar Hospitality Group’s planning ‘Vida Harbour Point’

Emaar Hospitality Group’s planning ‘Vida Harbour Point’

Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties, is developing Vida Harbour Point hotel.   The seventh upcoming hotel project in the UAE under Vida Hotels and Resorts, will be located in The Island District of Dubai Creek Harbour, a 6 square km mega-project developed as a joint...

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Lebanese edutainment concept KidzMondo franchises to Australia

Lebanese edutainment concept KidzMondo franchises to Australia

Ali Kazma, President of Kidz Holding SAL and founder of the KidzMondo concept, and Samer Kahil, chief financial and investment officer of Kidz Holding, signed with Frank Stranges and Frank Licciardello, the directors of Kidz Edutainment Pty Ltd, the franchise agreement for KidzMondo Australia.   This will be the fourth...

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Starwood Capital invests USD 250 million in YOTEL

Starwood Capital invests USD 250 million in YOTEL

  YOTEL announced that a fund affiliated with Starwood Capital Group, a leading global private investment firm, has committed to making a strategic investment of USD 250 million in YOTEL, including acquiring a 30 percent stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive...

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Tivoli Hotels & Resorts debuts in the region

Tivoli Hotels & Resorts debuts in the region

  With the goal of developing outstanding hotels in Qatar, Tivoli Hotels and Resorts – part of Minor Hotels – announced it is now operating the Souq Waqif Boutique Hotels in Doha, a collection of nine unique and historical buildings featuring intricate décor and architecture, nestled in the heart of...

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Richard Branson to invest in Saudi Red Sea project

Richard Branson to invest in Saudi Red Sea project

Virgin airlines founder Richard Branson will invest in a Red Sea project that aims to turn 50 Saudi Arabian islands into luxury tourism destinations, the Saudi government announced.   Branson is the first international investor to commit to the project, Saudi Arabia’s information ministry said, in what officials called ‘a...

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