Wednesday 5 August 2015
 
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hotel

Jeddah office, residential rentals set for growth

While the real estate market in Jeddah remained in the upturn stage of its cycle during the second quarter, further rental growth may be seen over the rest of the year in office and residential sectors, an industry expert said. &l

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Oman hotel revenues drop 1.5pc in May

Hotel revenues of Oman's three- to five-star hotels reached RO87.3 million ($225.9 million) in May, logging a 1.5-per cent drop compared to RO88.6 million ($229.4 million) recorded in the same period last year, said a report. Meanwh

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453 new Mideast hotel projects in pipeline

The Middle East is witnessing a massive development in the hospitality sector with a total of 453 hotel projects planned in the next five years, a report said. The new hotels will add 134,217 rooms to the hospitality offering in the reg

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Batelco signs fibre network deal with VKL Holdings

Batelco, Bahrain’s leading business solutions provider, has signed a partnership deal with VKL Holding Group to provide end-to-end fibre infrastructure for Juffair Mall and Juffair Hotel. Nearly 300 optical network terminati

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Global Sphere signs $204m hospitality deal in Egypt

UAE investment company Global Sphere has signed a Dh750 million ($204.1 million) contract for a new luxury hotel on the northern coast of Egypt. Located in Egypt’s El Alamein area, the 500-room GS International Hotel will be

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Global Sphere signs $204m hospitality deal in Egypt

UAE investment company Global Sphere has signed a Dh750 million ($204.1 million) contract for a new luxury hotel on the northern coast of Egypt. Located in Egypt’s El Alamein area, the 500-room GS International Hotel will be

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Dubai underwater hotel in doubt as investor withdraws

An underwater hotel that had been planned for Dubai has been thrown into doubt after a key investor from the project withdrew, according to a report. The Water Discus Hotel was unveiled three years ago when it received the backing

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Dubai underwater hotel in doubt as investor withdraws

An underwater hotel that had been planned for Dubai has been thrown into doubt after a key investor from the project withdrew, according to a report. The Water Discus Hotel was unveiled three years ago when it received the backing

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The Peninsula Shanghai named ‘Best Hotel In Asia’

The Peninsula Shanghai has been voted the ‘World's Best Hotel in Asia’ by the readers of the US-based travel and lifestyle publication Travel + Leisure. The property topped the ‘Best Hotel in Asia’ read

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Hotels, retailers gear up for Eid bonanza in Bahrain

Hoteliers, retailers and restaurateurs in Bahrain are banking on a rush of tourists from around the region this weekend for the Eid Al Fitr holidays. They are particularly hoping to benefit from lengthy national holidays in neighb

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