Thursday 2 April 2015
 
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hotels

Gulf Hotels signs key management deal with Asdal

Gulf Hotels Group has signed a management agreement with Asdal Hotel for the operation of a four-star deluxe property in Seef District, Bahrain. The hotel is currently under refurbishment and expected to be opened in September, sa

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Oman readies for tourism boost with 54 new hotels

Around 54 new hotels are currently being developed in Oman, on top of 23 last year, which signals a huge increase in capacity coming onto the market, broadening the scope for services across the tourism sectors, said an industry expert.

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Gulf Hotels Group to spend $132m on expansion

A new expansion strategy will see Bahrain-based Gulf Hotels Group investing $132 million over the next few years to expand the existing hotel portfolio and establish a number of stand-alone restaurants, it has emerged. The group c

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Dubai's hotels welcome 11.6m guests

UAE emirate Dubai is continuing to maintain growth at a sustainable level as its hotel establishments welcomed more than 11 million guests in 2014, registering a 5.6 per cent increase on 2013’s total. The emirate also showed stead

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Mideast and Africa January hotel occupancy hits 62.8pc

The Middle East and Africa region’s hospitality sector reported a 1.2 per cent increase in occupancy to 62.8 per cent in January. The revenue per available room (RevPAR) also increased by 1.0 per cent to $115.61. The average daily

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Gulf Hotels Group posts $30m profit, up 7pc

Gulf Hotels Group (GHG) has reported a 7.24 per cent increase in net profit at BD11.28 million ($29.91 million) for last year. Chairman Farouk Almoayyed said the financial results indicate a considerable growth in business levels

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Hilton Q1 forecast down over strong dollar

Hilton Worldwide Holdings, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the US. Hilton expects "r

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Qatar hotels occupancy rates hit 73pc

Qatar’s hospitality industry witnessed a strong performance last year as average occupancy rates reached 73 per cent compared to 65 per cent in 2013. The country’s five-star hotels experienced a surge of 71 per cent in occup

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Qatar set for solid expansion in retail market

Qatar is set to see the addition of retail space amounting to more than one million sq m with a number of shopping malls due to open this year and in 2016, a report said. The retail sector in Qatar is driven by the high levels of

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Qatar set for solid expansion in retail market

Qatar is set to see the addition of retail space amounting to more than one million sq m with a number of shopping malls due to open this year and in 2016, a report said. The retail sector in Qatar is driven by the high levels of

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