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.
Press Releases
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.
Hyatt Announces Plans for Grand Hyatt The Red Sea in The Kingdom of Saudi Arabia
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with The Red Sea Development Company for a 430-room Grand Hyatt hotel on Shaura Island, the hub of the ambitious Red Sea Project on Saudi Arabia’s west coast. The luxury resort hotel will represent the largest of 11 hotels set to open on the island and will occupy a prime position within this innovative tourist development. Grand Hyatt The Red Sea will be the second Grand Hyatt hotel in the Kingdom and the seventh Grand Hyatt hotel in the Middle East, marking an important milestone in Hyatt’s growth strategy in the region.
Expo! Expo! Read all about it! The wonder of Expo 2020 in Dubai
What will opportunity, mobility, and sustainability look like in the future? All three areas experienced tremendous paradigm shifts over the last two years and now this question is at the heart of Expo 2020 – happening now through March in Dubai. It's the region's first world expo (initially slated for last year) and the first to be hosted by an Arab nation.
New Global Coalition Will Accelerate Tourism Industry's Transition to Net Zero
HRH Crown Prince Mohammed Bin Salman announces multi-country, multi-stakeholder coalition - The Saudi Arabian Government has launched the Sustainable Tourism Global Center (STGC), a multi-country, multi-stakeholder coalition that will accelerate the tourism sector's transition to net zero emissions, as well as drive action to protect nature and support communities.
Al Khoory Hotels to open sixth property as Dubai’s tourism rebounds
Al Khoory Hotels, the hospitality arm of Dubai-based Emirati family-owned diversified business conglomerate Al Khoory Group, is getting ready to open its sixth hotel – Al Khoory Sky Garden – in Dubai as Expo 2020 has started to attract international tourists to the UAE.
STR: Preliminary September data for Riyadh hotels
Riyadh’s hotel industry reported mixed performance in comparison with recent months, according to preliminary September 2021 data from STR.
Les Clefs d’Or UAE hosts Educational Day 2021 themed ‘Be Vocal’
This year's most-awaited Educational Day of Les Clefs d'Or UAE with a theme "Be Vocal", was held at Infinity des Lumiéres, the ultimate immersive digital art experience in the Middle East, and the biggest digital art venue in the GCC region. As the regional epicentre of pioneering cultural expression, Infinity des Lumières provides infinite possibilities to be at the centre of art, fully immersed and connected to it.
UNWTO and NEOM Launch ‘Tourism Experiences Of The Future’ Challenge
The ‘Tourism Experiences of the Future’ challenge will source innovative ideas and disruptive business models related to the tourism needs of the future, in line with growing demand for new experiences. All proposals must be aligned with the Sustainable Development Goals and should include the introduction or adaptation of digital and technological elements, as well as being focused at least one of the following areas:
Expo 2020 Dubai: Connecting minds and creating a better future
The Group is a Platinum sponsor of the France Pavilion at the Expo 2020, which takes place from October 1, 2021 to March 31, 2022 in Dubai, United Arab Emirates.
Radisson Hotel Group doubles its presence in Makkah, Saudi Arabia by adding nearly 1000 keys in Thakher Makkah
Radisson Hotel Group is proud to announce the signing of three hotels within the Thakher Makkah megaproject, an urban development in the city of Makkah, Saudi Arabia. Further strengthening its presence across two brands, the Park Inn by Radisson Makkah Thakher City Tower West, the Park Inn by Radisson Makkah Thakher City Tower East and the Radisson Hotel Makkah Thakher City are set to open in Q4 2022. The new signings will add a total of 992 rooms and apartments, doubling the Group’s portfolio in Makkah, a key target growth market in Saudi Arabia. Despite the challenges due to the pandemic, Radisson Hotel Group is continuing its strong expansion as one of the fastest growing companies in the Kingdom of Saudi Arabia.
STR: Preliminary Dubai hotel data for August
Dubai’s hotel performance was up from the prior month, according to preliminary August 2021 data from STR.
Looking forward to AHIC Dubai with Michael Levie & David Keen
Michael Levie and David Keen will be in conversation with Marloes Knippenberg (Chief Executive Officer, Kerten Hospitality) in a session entitled "How do we foster Transformation and Change in Hospitality". With the hospitality investment community coming together from across the Middle East & Africa region under one roof at AHIC, this year's programme will be a prime opportunity to spark conversations that bring real industry change as we rise together.
Sonder Holdings Inc. to Expand Middle East Presence with Two New High-Rise Towers in Downtown Dubai
Sonder Holdings Inc. (“Sonder”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, will add two additional buildings to its growing portfolio in Dubai, United Arab Emirates. Through an agreement with Al Fattan Properties LLC, Sonder will manage and operate two of the three Al Fattan Towers in Downtown, with views on Burj Khalifa, to be operated as Sonder Downtown Towers.