Leading luxury hospitality company Four Seasons Hotels and Resorts and Red Sea Global (RSG), a closed joint stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia, announce plans to introduce a Four Seasons Resort as part of The Red Sea masterplan development.
Saudi Arabia’s Crown Prince has unveiled The Mukaab, a 400 metre-high, wide and long indoor super-city in the centre of Riyadh. Large enough to hold 20 Empire State Buildings, there are hopes the PIF-backed giga-project becomes a new global icon of technology, sustainability, mobility and Saudi innovation.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Rua Al Madinah Holding Company to manage three new Hyatt-branded hotels, including Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah. Upon opening, these properties will participate in the World of Hyatt loyalty program and will add a combined 1,729 room keys to Hyatt’s portfolio in the Kingdom of Saudi Arabia, significantly expanding Hyatt’s brand presence in the country and demonstrating its commitment to strategic growth of its portfolio in key markets that matter to its guests, World of Hyatt members, customers and owners.
Diriyah Gate Development Authority (DGDA), responsible for the transformation of Diriyah, the birthplace of the Kingdom of Saudi Arabia, into one of the greatest gathering places in the world, today announces adding 16 new global hotel brands to its already impressive hospitality portfolio which includes 16 additional global brands. Bringing the total to 32 hotel management agreements with the world’s most prestigious hotel brands, with our first hotel planned to open in 2023.
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of its milestone 250th hotel in Saudia Arabia. The Taj-branded hotel is in partnership with the Diriyah Gate Development Authority (DGDA), who are responsible for the transformation of the historic city of Diriyah, The City of Earth, into a world-class mixed-use development. The hotel will be part of the Diriyah project, located in close proximity from downtown Riyadh, which envisions the location’s development as an international cultural and lifestyle destination inspired by the birth place of the Kingdom of Saudi Arabia.
Dar Al Arkan, the leading real estate company in Saudi Arabia, and The Trump Organization signed an agreement in New York to develop a signature Trump Resort, including residential villas, a hotel, and a golf course in the AIDA project. Located in Muscat, the 100-meter-high hilltop development is one of the largest premium mixed-use real estate projects in the world, situated by the sea.
IMARAT Group has signed a franchise agreement with Marriott International to develop a Courtyard by Marriott project in DHA Multan. The signing ceremony took place at Marriott International’s Office in Dubai.
GRAMMY® Award-winning, RIAA platinum-certified international icon Tiësto has joined forces with multi-platinum singer/songwriter Tate McRae and Dubai’s new ultra-luxury resort Atlantis The Royal to create the spectacular new single, “10:35,” listen HERE. The track is joined by a strikingly conceptual music video that will make its broadcast premiere on MTV Live, MTVU, MTV Biggest Pop and Paramount Times Square Billboards. The visual is highlighted by a performance from Tiësto and Tate throughout the stunning Atlantis The Royal resort, with the Dubai skyline as the glittering backdrop. Watch HERE.
Future Hospitality Summit (FHS) Saudi Arabia will take place in Riyadh in 2023, bringing together the region’s industry leaders for discussions, deals and insight on the continued growth of the Kingdom’s hospitality and tourism sectors.
Dubai drove a persuasive recovery after travel reopened with a combination of marketing, focusing on value, and expanding its family-oriented offering.
The Future Hospitality Summit (FHS) has confirmed the first 50 speakers for the region’s flagship hospitality investment platform taking place from 19-21 September at Madinat Jumeirah in Dubai. Co-organised by The Bench and MEED, FHS consists of multiple conference tracks, awards, workshops and in-person networking features. These include the 18th edition of AHIC - Arabian Hotel Investment Conference, GRIF - Global Restaurant Investment Forum, AHIF Marketspace – Focus on Morocco, Startup Den, the Sustainable Hospitality Challenge Finals and plenty more - all under one roof. The overall theme of the Summit is ‘Lead the Change’, and Host Sponsor is Jumeirah Hotels & Resorts.
Sonder Holdings Inc. (“Sonder”, Nasdaq: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is set to open a 401-unit property at Business Bay in Dubai later this year. It will become the largest property in Sonder’s global portfolio.
The Tourism Development Fund (TDF) today announced the signing of a Memorandum of Understanding (MoU) with Melia Hotels International, one of the world’s leading hotel groups in the leisure segment.
ENVI Lodges, the recently launched ecolodge brand, and Al Rasim Hotels & Resorts, have announced plans to develop a waterfront ecolodge project in the Kingdom of Saudi Arabia Red Sea coast.
The Future Hospitality Summit (FHS) returns to Saudi Arabia this week, bringing together government leaders, hospitality investors, owners, and operators for the redesigned 2022 edition of the event on 24-25 May at the Riyadh Airport Marriott Hotel.
London - The Israel Ministry of Tourism in collaboration with global hotel consultancy HVS, presented a live event last week at Expo Dubai focussing on hotel opportunities in Israel during which senior representatives of hotel, real estate and tourism companies – investors, developers, operators and financiers – discussed encouraging more investment into Israel’s hotel sector.
Marjan, RAK Hospitality Holding and Wynn Resorts, Limited, the US-listed international developer and operator of luxury resorts, have announced a multibillion-dollar integrated resort development on the man-made Al Marjan Island in Ras Al Khaimah, United Arab Emirates.
In the presence of His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of Directors of the Tourism Development Fund. The Tourism Development Fund (TDF) signed a Memorandum of Understanding (MoU) with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, to develop and operate Steigenberger Porsche Design Hotels projects in Saudi Arabia. The agreement includes the right to exclusively launch the first Steigenberger Porsche Design Hotels project in the Middle East. The MoU was signed by Qusai Al-Fakhri, CEO of TDF and Marcus Bernhardt, CEO of Deutsche Hospitality.
According to the Q3 2021 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 545 projects/168,042 rooms. While the number of total pipeline projects has increased over the previous quarter, project counts are down 6% and room counts are down 19% year-over-year (YOY).
Marriott International, Inc. today announced it has signed an agreement with The Red Sea Development Company to develop two luxury hotels as part of the highly-anticipated Red Sea Project in Saudi Arabia. The St. Regis Red Sea Resort and The Red Sea EDITION are expected to further enhance Marriott International’s footprint across the Kingdom where it currently has a portfolio of over 30 properties with more than 9,000 rooms across ten brands.