Boom, bust or business as usual?

Boom, bust or business as usual?

Dr. Martin Berlin, Middle East Partner and Global Deals Real Estate Leader at PwC shares his insight on two key markets

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New Projects 2020

New Projects 2020

It’s been a transformative year for the industry, prompting those in the hotel market to question their long-term strategies. This year’s report tries to put it all into perspective.

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MENA: Lower revenues, higher costs sink profits

MENA: Lower revenues, higher costs sink profits

2018 was a bruising year for hotels in the Middle East & North Africa, as an intersection of oversupply, political fallout and macro-economic worry challenged profitability.

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GCC’s hospitality industry to reach USD 32.5 billion in 2022

GCC’s hospitality industry to reach USD 32.5 billion in 2022

The UAE will continue to lead the GCC’s luxury hospitality segment till 2022 with 73 percent of existing luxury hotel stock.

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Middle East travelers prefer London, Paris and Rome for their summer trips

Middle East travelers prefer London, Paris and Rome for their summer trips

Asian destinations are also inching up the list for Middle Eastern travelers, with Bali, and Tokyo joining Bangkok and Kuala Lumpur in this year’s top 10.

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The Middle East leads growth in international tourism

The Middle East leads growth in international tourism

Confidence in global tourism has started to pick up again after slowing down at the end of 2018, according to the latest UNWTO Confidence Index survey.

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IHG reveals new all-suites brand, Atwell Suites

IHG reveals new all-suites brand, Atwell Suites

All-suites brand serves $18 billion segment with thoughtful design that elevates guest experience

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Over 500 new hotels are under construction in the Middle East and Africa

Over 500 new hotels are under construction in the Middle East and Africa

The Middle East total represented almost a 10 percent year-over-year increase in the number of rooms in the final phase of the development pipeline.

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Aleph Hospitality to operate 35 hotels in Middle East and Africa by 2025

Aleph Hospitality to operate 35 hotels in Middle East and Africa by 2025

Dubai-based company capitalizes on the region’s trend towards franchising and meets calls from investors to find innovative ways to maximize operational efficiency.

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Managing shareholder exits in family businesses

Managing shareholder exits in family businesses

The release comes at a time when many family businesses in the region are transferring control to the third generation family members, raising the need to set robust governance and succession frameworks.

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