Press Releases

May 17, 2023

IHG to open 12 ‘ Next Generation’ Holiday Inn Express hotels across Saudi Arabia under MDA with Tashyid for Hotel Operations

IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a Master Development Agreement (MDA) with Tashyid for Hotel Operations, which will see the development of 12 hotels and 2,500 keys under the Holiday Inn Express brand across the Kingdom of Saudi Arabia. With Ministry of Tourism encouraging such investments in the Kingdom, the signing took place in the presence Mr. Mahmoud Abdulhadi, Deputy Minister for Destination Enablement.

May 17, 2023

Minor Hotels Announces Partnership with Tourism Development Fund of Saudi Arabia to Develop Unique Hospitality and Lifestyle Projects

Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of 530 hotels and resorts in 56 countries across Asia Pacific, the Middle East, Europe, the Americas, Africa and the Indian Ocean, announces the signing of a Memorandum of Understanding (MoU) with Saudi Arabia’s Tourism Development Fund to jointly develop and operate high-quality hospitality and lifestyle projects focused on mountain resorts, wellness resorts and urban hotels within the Kingdom. The first project under this partnership is expected to be announced in H2 this year.

Minor

May 16, 2023

Accor and Erth Real Estate Partner for Three New Hotels in Riyadh, Kingdom of Saudi Arabia

Accor, a world-leading hospitality group, in partnership with Erth Real Estate Company, today announced that it will open three new hotels in Riyadh, Kingdom of Saudi Arabia, as part of a new master planned development project. The forthcoming luxury hospitality community will include a 230-key Raffles hotel, a 250-key Sofitel Serviced Residence, and a 60-villa MGallery resort, all set to open by 2027. The multi-faceted community will also include office towers, residential towers, and retail space, all built around a centrally located garden area.

Accor

Riyadh, Saudi Arabia

May 15, 2023

IHG continues to strengthen Egypt portfolio with two new signings in Cairo

IHG Hotels & Resorts, one of the world’s leading hotel companies, has strengthened its partnership with one of the leading developers in Egypt, Arkan Palm for Real Estate Investment, to build two more hotels in the capital city — InterContinental West Cairo 205 scheduled for a January 2028 opening and the voco West Cairo 205 Suites, set to open by June 2026.

Press Release Markets & Performance

Cairo, Egypt

May 15, 2023

STR: Dubai April hotel occupancy peaked during Eid al-Fitr

Dubai’s hotel industry saw its saw highest April 2023 occupancy levels during the Eid-al Fitr holiday period, according to preliminary data from STR.

CoStar

Dubai, United Arab Emirates

May 2, 2023

IHG® signs MOU with the Saudi Tourism Authority

IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a Memorandum of Understanding (MOU) with the Saudi Tourism Authority (STA) at the Arabian Travel Market 2023.

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Lighthouse

Press Release Markets & Performance

May 2, 2023

IMARAT Hospitality and Marriott International: A Partnership to Redefine Hospitality in Pakistan

Pakistan's hospitality industry is on the rise, and IMARAT Hospitality is at the forefront of this exciting transformation.

Imarat Group

Pakistan

May 2, 2023

Dubai welcomes 4.67 million overnight visitors in the first quarter of 2023; on track to becoming the most visited international destination

Dubai welcomed 4.67 million international overnight visitors in the first quarter of 2023, compared to 3.97 million tourists during the same period in 2022. This marks a 17 % YoY growth and the city’s best Q1 performance since the pandemic, placing it firmly on track to becoming the most visited international destination, according to the latest data published by Dubai’s Department of Economy and Tourism (DET).

Government of Dubai Media Office

Dubai, United Arab Emirates

April 18, 2023

IHG Hotels & Resorts announces the launch of Holiday Inn Express brand in Saudi Arabia

IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has signed a management agreement with Riyadh-based Al Woroud Real Estate to bring one of the world’s largest and most loved hotel brands, Holiday Inn Express, to the Kingdom. The latest signing will strengthen the company’s mainstream offering in Riyadh and provide an elevated, smart offering to cater to new international and Saudi guest segments, as part of Saudi Vision 2030 strategy for tourism.

Press Release Markets & Performance

April 5, 2023

Saudi Arabia currently represents the single biggest opportunity for hospitality and tourism

The PKF hospitality group recently held one of its 196+ spotlight events in Riyadh in recognition of the significant amount of projects that have been announced for Saudi Arabia, the largest sovereign state by landmass in the Middle East with a total of 2,150,000 km2 and 35 million inhabitants.

PKF hospitality group

March 29, 2023

IHG to bring another voco hotel to Saudi Arabia as the brand gains momentum across the region

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with Jurmaz Hotels Company to bring a new voco hotel to the centre of Riyadh. The voco Hotel and Suites Riyadh North is set to open its doors in 2026 as the next stride forward in IHG’s ambitious regional growth strategy for the premium brand.

Riyadh, Saudi Arabia

March 22, 2023

IHG expands luxury and premium hospitality offering in Egypt with triple hotel signing, in partnership with Arabella Group

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Arabella Group to develop three new hotels in Egypt between 2023 and 2026.

Egypt

March 22, 2023

Radisson Hotel Group is further expanding in Pakistan with the signing of two new hotels in the capital

Radisson Hotel Group announces the signing of two new hotels in Islamabad and the debut of a third brand in the country, with the signing of Park Inn by Radisson Serviced Apartments Islamabad as well as Radisson Hotel Bahria Town Islamabad. The two newly built hotels are scheduled to open at the end of 2028 and are both being developed by Al Jamal Group, a long-standing player in the real estate sector.

Radisson Hotel Group

Pakistan

March 22, 2023

Radisson Hotel Group signs two new hotels in Pakistan

Radisson Hotel Group, one of the world's leading hotel groups, announces the signing of two new hotels in Islamabad, Pakistan. This underlines the Group’s commitment to expanding its footprint in the South Asian market. The two new hotels, Radisson Blu Hotel & Residences, Islamabad, and Radisson Hotel Islamabad Multi Gardens are set to open in the next three years.

Radisson Hotel Group

Pakistan

Press Release Human Resources

March 21, 2023

Marriott International Inks Landmark Agreement With Rua Al Madinah Holding Company to Open Eight Hotels in Saudi Arabia

Marriott International, Inc. announced it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of Madinah in Saudi Arabia. Located in close proximity to the Prophet’s Mosque, Al Masjid An Nabawi, the planned properties will be part of the Rua Al Madinah Project which aims to elevate the service and travel experience for visitors of Madinah. The anticipated openings will feature approximately 4,400 rooms across eight of the company’s brands – The Ritz-Carlton, JW Marriott, Marriott Hotels, Westin Hotels & Resorts, Le Méridien Hotels & Resorts, Four Points by Sheraton, Aloft Hotels, and Courtyard by Marriott.

Marriott

Madinah, Saudi Arabia

March 21, 2023

Aleph Hospitality Announces Office in Saudi Arabia and Appoints New Country Head

In line with Dubai headquartered Aleph Hospitality‘s continued expansion, the independent hotel management company has appointed Tariq Yousef Dowidar as Vice President, Saudi Arabia. The company intends to add further resources to the Saudi team over the course of the year.

Aleph Hospitality

Press Release Human Resources

March 9, 2023

Marriott International Signs Agreement With Neom to Open Three Properties Within Luxury Island Destination Sindalah

Marriott International, Inc. announced it has signed an agreement with NEOM to open three properties on its luxury island destination Sindalah, situated in the Red Sea off the northwest coast of Saudi Arabia. The multi-deal agreement includes Saudi Arabia’s first Autograph Collection Hotels property, as well as two Luxury Collection properties.

Marriott

Sindalah, Saudi Arabia

March 3, 2023

Jumeirah Group Certified as a Great Place to Work®

Jumeirah Group, the global luxury hospitality company and member of Dubai Holding, has officially been certified as a Great Place to Work® in the UAE, by the global authority on workplace culture. The award is based on the experience and opinion of colleagues working at Jumeirah.

Jumeirah

United Arab Emirates

February 28, 2023

Four Seasons and Red Sea Global to Introduce New Resort in Saudi Arabia’s Luxury Lifestyle Destination

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.

Four Seasons