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.
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.
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.
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.
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.
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.
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.
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.
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