Louvre Hotels’ Amine Moukarzel highlights the global shift impacting the MENA region
Challenges are numerous as we progress in certain cities with new projects whereby the cost of construction is key.
Kempinski’s Henk Meyknecht expects to see long-term growth, particularly in the luxury segment
We expect to see further activity in the luxury segment as a result of expanding strategic interests and global business outreach efforts of many markets in the region where we currently operate.
415 new properties are under development in the Middle East as per STR
In the Middle East, the UAE leads the projects under development in the region, with a total of 50,000 new rooms under construction.
IHG’s Pascal Gauvin reveals the key to enabling high value growth
We are looking at expanding our presence in new markets such Algeria, Morocco and Tunisia, in North Africa.
Preferred Hotels & Resorts appointed Nicolas Villemin as regional director for the Middle East & North Africa
He joins Preferred Hotels & Resorts with 20 years’ industry experience and has spent more than ten years working in the Middle East.
14 percent growth in Ajman hotels guests stays in the first half of 2018
Average return on a hotel room in the first half of this year grew by 20 percent compared to the first half of 2017.
Into The MENA Hotel Investment Landscape
Investment in the travel and tourism sector reached USD 44 billion in 2017, with forecasts suggesting it will almost double in the next 10 years. Hospitality News ME spoke to two industry consultants to learn more about what’s driving investment in the region and where investors are putting their money
Abu Dhabi leads regional occupancy growth
Jeddah (USD 266) had the most expensive night in H1 2018.