STR: Riyadh hotels showed steady performance in February
Riyadh’s hotel industry reported steady performance levels compared with recent months, according to preliminary February 2022 data from STR.
Press Releases
Innovation, Education and Rural Development: UNWTO Strengthens Partnership with Saudi Arabia
Less than a year after the official opening of the Regional Office for the Middle East in Riyadh, plans for a range of projects to be run out of the hub have been further advanced, signalling the ever closer cooperation between UNWTO and the Kingdom.
Introducing TROJENA... the global destination for mountain tourism in NEOM
TROJENA features a unique and innovative architecture, unlike any other in the world, where the captivating landscapes of NEOM mountains coexist in harmony with the tourist sites developed within them, offering a new and unprecedented tourism experience that reflects the future of living, working and entertainment in NEOM.
Emirates Palace brings in Michelin starred chef to launch Talea
Emirates Palace, Abu Dhabi has announced the opening of a new culinary experience, Talea, by acclaimed two-Michelin-starred chef Antonio Guida. It is Guida’s first restaurant outside of Italy.
Swiss-Belhotel International Announces De-Branding of Swiss-Belhotel Doha
Swiss-Belhotel International has announced the de-branding of Swiss-Belhotel Doha owned by the Al Majid Family of Qatar. Effective from 1st February 2022, the hotel is no longer part of the Swiss-Belhotel International portfolio.
STR: Jeddah hotel industry reported slightly lower performance levels in January
Jeddah’s hotel industry reported slightly lower performance levels compared with the month prior, according to preliminary January 2022 data from STR.
Marjan to Develop a Multibillion-Dollar Integrated Resort in Ras Al Khaimah with Wynn Resorts
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.
Saudi Public Investment Fund (PIF) Unveils Ultra-luxury Hospitality Brand ‘Boutique Group’
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Council for Economic and Development Affairs, and Chairman of the Public Investment Fund (PIF), announced today the launch of ‘Boutique Group’, a new hospitality brand that will manage and convert a collection of iconic historic and cultural palaces in Saudi Arabia into ultra-luxury boutique hotels. The company will revive the vibrant heritage and culture of Saudi Arabia to create a new and unique hospitality experience.
Tourism Development Fund and Deutsche Hospitality sign exclusive agreement
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.
STR: Dubai hotel rates reached six-year high in December
Lifted by Expo 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015, according to preliminary December 2021 data from STR.
STR: Abu Dhabi hotel occupancy reached pandemic-era high in November
Abu Dhabi’s hotel industry reported its highest monthly occupancy level since the beginning of the pandemic, according to preliminary November 2021 data from STR.
F1 Grand Prix lifted Jeddah hotels to record-breaking performance
Lifted by the Saudi Arabian Grand Prix, Jeddah’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary daily data from STR.
Dubai hotels surpassed 2019 profit level in October
Estimated Dubai gross operating profit per available room (GOPPAR) for October 2021 came in at 159% of the 2019 comparable, according to STR‘s latest monthly P&L data release.
Dubai welcomes the world, and hotels are benefitting
Since 1851, World Expos have showcased some of the world’s greatest innovations in some of the world’s most influential cities. Currently, Dubai has the honor of welcoming the world as the COVID-19 pandemic forced the event to be postponed from its originally scheduled 2020 start. While Dubai was already recovering better than most major, global markets, the start to the six-month “mega event” in October was a welcome sight for hoteliers with delegates, business travellers and leisure guests accounting for more than 1 million visits during the event’s opening weeks (according to event organizers).
Reflecting on The Past, Present and The Future with Rotana
As part of the UAE’s ‘Year of the 50th’ Golden Jubilee celebrations, Rotana is commemorating the founding of the nation by reflecting on its glorious past, acknowledging the present and symbolising its new vision for the future. On this remarkable occasion, and amongst other activities taking place across all our UAE properties, Rotana invites residents and visitors to participate in its ’50 giveaways’ competition between 22nd November and 5th December 2021, where participants can win 50 one-night stay giveaways.
Saudi Arabia and the U.A.E. Lead the Middle East Hotel Construction Pipeline at Q3‘21
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).
STR: Expo lifted Dubai hotel rates to three-year high in October
Lifted by the opening of Expo 2020, Dubai’s hotel industry reported its highest monthly room rates since 2018, according to preliminary October 2021 data from STR.
Dur Hospitality launches "Nur by Makarem", a 3-star Hotel Brand at WTM 2021
Seeking to redefine affordable hospitality in Saudi through home-grown brands, Dur Hospitality unveiled "Nur by Makarem”, its new 3-star hotels brand during its participation at the World Travel Market London as part of the Saudi Tourism Authority's pavilion.
Marriott International Signs Agreement with The Red Sea Development Company to Bring St. Regis Hotels & Resorts and EDITION to Saudi Arabia’s Red Sea Project
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.
Tourism Development Fund and Ennismore Sign MoU to Explore USD 400 Million Investment Fund
The Tourism Development Fund (TDF) and Ennismore today signed a Memorandum of Understanding (MoU) at the 5th Future Investment Initiative (FII) in Riyadh to explore the establishment of a USD 400 million (SAR 1.5 billion) fund that would bring Ennismore’s lifestyle brands to at least 12 destinations in Saudi Arabia.