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.
Hotel valuation index Middle East 2019
HVS Dubai has released its first issue of the Hotel Valuation Index (HVI) for select markets in the Middle East (ME). The HVS Hotel Valuation Index has established itself as a leading publication in the US, Europe, Africa and Asia for over a decade and are thrilled to share the regional HVI, which provides further insight on regional values and investment opportunities
A new real time booking system for ME hotels to be launched at ATM
The return especially for smaller independent properties is significant. Many hotels that used it experienced increased 15 and 25 percent sales boost.
