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Oman hotel occupancy rates up 54.5pcThe three to five-star hotels in the Omani capital recorded solid growth last year with the overall occupancy rate in the five star hotels across the Sultanate increasing to 54.5 per cent from 47.9 per cent in 2011, said a report. More… |
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Sabre launches custom product at ATMSabre Travel Network, a provider of technology solutions to the travel industry, has unveiled a personalization product that gives hoteliers the ability to create unique, personalized offers at the Arabian Travel Market (ATM) in Dubai. More… |
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Alwaleed's KHC on the prowl for global buysSaudi billionaire Prince Alwaleed bin Talal will hold onto his most high-profile investments, which range from stakes in Citigroup and News Corp to microblogging site Twitter, while seeking out new targets to diversify his global portfolio. More… |
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UAE hotels post higher occupancy rates in Q1Hotels saw rising occupancy rates rising across key markets in Dubai, Abu Dhabi and Ras Al Khaimah during the first quarter (Q1) of the year, said an industry expert. Hotels in the UAE capital recorded double digit growth in reven More… |
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Dubai eyes $82bn tourism income by 2020Dubai aims to treble its annual income from tourism to 300 billion dirhams ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senior official said. Tourism is crucial to Dubai's economy, which More… |
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Most four-star hotels in Bahrain face F1 'snub'The majority of Bahrain's four-star hotels, which earlier slashed their prices in a last ditch bid to attract Formula One visitors, have reported no bookings for the race weekend. They claimed they have been snubbed by Formula More… |
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Bahrain hotels cut rates for F1 seasonBahrain's four-star hotels have slashed room rates from a maximum of BD90 ($235) to as low BD50 per night during the upcoming Formula 1 season in bid to attract visitors, a top official said. All four-star properties were spru More… |
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Abu Dhabi hotels see solid growth in FebAbu Dhabi’s 141 hotels and hotel apartments generated double digit growth in guest nights, revenue, occupancy and average-length-of-stay in February with guest arrivals nudging up 7 per cent on the same month last year. Figu More… |
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Kerzner completes $145m debt refinancingKerzner International Hotels (Kerzner), a leading global developer and operator of destination resorts, casinos and luxury hotels, including Atlantis and One&Only in Dubai, said it has completed the refinancing of its $145 million debt. More… |
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Starwood to open 50 new hotels in MideastStarwood Hotels & Resorts Worldwide will open 50 new hotels in the Middle East and Africa (MEA) over the next five years as the company bets on emerging markets to boost revenue. The US-base More… |
