Sunday 28 December 2014
 
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Bahrain tourism 'hit by hotels clamp'

The recent measures targeting three and four-star hotels are taking a heavy toll on the tourism industry in Bahrain. A leading Asian hotelier has stopped his expansion plans in Bahrain and started transferring his investments abro

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Hilton in talks to buy 4 key US properties

Hilton Worldwide Holdings is in talks to buy four properties from Blackstone Group and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. Hilton shares closed down nearly

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Al Taif unveils $108m Fujairah mixed-use project

Al Taif Investment - a joint venture between Dubai Investments (DI), a leading investment company listed on the Dubai Financial Market, and Fujairah Investment Establishment (FIE),  the investment arm of Fujairah Government - has launched i

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Abu Dhabi hotel guests top 2.8m during Jan-Oct

More than 2.8 million guests checked into Abu Dhabi’s 156 hotels and hotel apartments in the first 10 months of this year, marking a 25 per cent increase on the same period last year, according to figures just released by Abu Dhabi Tourism

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Swiss Belhotel to open 20 new hotels in Mena

Hong Kong-based Swiss Belhotel International group plans to open 20 new hotels in the Middle East and North Africa (Mena) region next year with special focus on the GCC as part of its expansion strategy. Swiss Belhotel will expand furth

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EMEA hotel rates ‘likely to rise in 2015’

Hotel rates are set to rise slightly in Europe, Middle East and Africa (EMEA) in 2015, with air and ground transportation prices predicted to remain largely static, a new study said. Smaller corporations, with less negotiation leverage

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Dubai hotels see 9pc drop in August daily rates

Dubai’s overall hospitality market recorded an average daily rate (ADR) of $195 in August as against $213 in the same month of 2013, marking a drop of 9.23 per cent, a report said. Average occupancy jumped month-on-month fro

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Millennium & Copthorne plans three hotels in Oman

Millennium & Copthorne Hotels Middle East and Africa (MEA) will open three new properties in Oman, starting with the launch of a global brand first, the 115-key Millennium Executive Apartments in Muscat in the first quarter of 2015.

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Gulf Hotels revenue surges to $64m

Gulf Hotels Group’s (GHG) gross revenues rose 6.2 per cent to BD24.5 million ($64.3 million) in the first nine months of this year, compared with BD23 million ($60.95 million) in same period last year. The Bahrain group generated

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KFH Capital buys two New York hotels

KFH Capital Investment Company, the investment management arm of Kuwait Finance House, has bought two big hotels in Manhattan, New York (US) - the 148-room Hampton Inn United Nations and the 135-room Holiday Inn Express Manhattan Times Square So

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