STR: Preliminary March Data For Jeddah Hotels
STR's preliminary March 2019 data for Jeddah, Saudi Arabia, indicates a drop in room rates during low occupancy season.
Press Releases
IHG® And SRG Holding Announce Double Hotel Partnership
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has signed franchise agreements for two hotels, Staybridge Suites® Dubai Financial Centre and Staybridge Suites Dubai Internet City, with the Dubai-based real estate development firm, SRG Holding. The agreements will see the conversion of two SRG-owned developments to IHG's extended-stay brand Staybridge Suites. The two franchised assets will be operated by SRG Hospitality, the group's hotel management arm with opening dates set for January 2020.
STR: Preliminary February Data For Abu Dhabi Hotels
STR's preliminary February 2019 data for Abu Dhabi, United Arab Emirates, indicates lower occupancy but significantly higher room rates. Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:
Shurooq Partners with Shaza Hotels For Management of Sharjah Collection Retreats
The Sharjah Investment and Development Authority (Shurooq) has appointed Shaza Hotels to manage three luxurious retreats, which are Kingfisher Lodge in Kalba, Al Badayer Oasis in Al Badayer and Al Faya Lodge in Mleiha.
Partnership signed between Hilton and Shomoul Company to develop and operate four landmark hotels at The Avenues – Riyadh
Hilton and Shomoul Holding Company announced today the signing of a landmark agreement to develop and operate four hotels in The Avenues - Riyadh, the largest mixed-use development project in the Kingdom of Saudi Arabia. The development will include one of the world's largest malls, with a leasable area of approximately 400,000sqm housing more than 1,300 stores.
STR: Middle East and Africa hotel performance for January 2019
Hotels in the Middle East reported negative January 2019 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, January 2019 vs. January 2018Middle East
Waldorf Astoria Dubai Palm Jumeirah Launches New Jet Lag Guru Concierge Service in the Middle East
Following the recent launch of Waldorf Astoria Hotels & Resorts' new Live Unforgettable concierge offerings, Waldorf Astoria Dubai Palm Jumeirah is bringing the campaign to life in the Middle East with the introduction of a Jet Lag Guru. Unique to this property, the complimentary service will provide guests with advice on how to combat jet lag and help arrange tailored experiences including a relaxing Neom Tranquillity Bath on arrival and a special Jet Lag Menu at Vietnamese restaurant LAO. Renowned for anticipating travellers' every need with its 'True Waldorf Service,' Hilton 's iconic luxury brand makes strides to elevate and personalise the 'Live Unforgettable' campaign even further.
STR: Preliminary January Data For Dubai Hotels
STR's preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory. Based on daily data from January, Dubai reported the following in year-over-year comparisons:
Radisson Hotel Group Signs Portfolio Deal For Six Hotels In Egypt
Radisson Hotel Group is proud to announce the signing of six new hotels in Egypt as part of a portfolio deal across a number of its brands. The agreement was signed with existing business partner Zaghloul Holdings, a Cairo-based business conglomerate operating in real estate, contracting, tourism, commercial retail, entertainment and sports investment industries. The six hotels: Radisson Collection Hotel Cairo Heliopolis, Radisson Blu Serviced Apartments Cairo Heliopolis, Radisson Blu Hotel Cairo Golf City, Radisson Hotel New Cairo, Radisson Hotel & Resort Ain Sokhna and Radisson Blu Hotel & Resort Makadi Bay, Hurghada will mean Radisson Hotel Group becomes one of the largest international operators in the country and will also cement Radisson Blu's position as the leading brand in the city in the coming years.
Four Seasons Hotel Cairo At The First Residence Is Egypt's First Hotel To Install Electric Car-charging Station
With the new year in full swing, Four Seasons Hotel Cairo at The First Residence announces that it is the first Hotel in Egypt to install an electric car charging station, which is now fully-operational.
Radisson Hotel Group Signs Two Hotels In Makkah, Saudi Arabia
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, is proud to announce the signing of two new hotels in Saudi Arabia: the Radisson Hotel, Makkah Al Rahma and the Park Inn by Radisson Hotel, Makkah Al Rahma. The new agreement extends an existing partnership with renowned Saudi real estate developer and investor Sulaiman Abdulaziz Al-Rajhi and his real estate development company, Al-Rajhi Investments.The agreement increases Radisson Hotel Group's portfolio in Saudi Arabia to 43 hotels and more than 10,000 rooms in operation and under development. Both the Radisson Hotel, Makkah Al Rahma and the Park Inn by Radisson, Makkah Al Rahma are scheduled to open in Q2, 2021.
Qetaifan Projects And Rixos Hotels Sign MOU To Debut Operations Of Various Projects In Qetaifan Island North
Qetaifan Projects Company, and a subsidiary of Katara Hospitality which was established to develop and manage Qetaifan Island North, signed a Memorandum of Understanding (MoU) with the Rixos Hotels to manage and operate the hotels, the souq, the water park and the beach club in Qetaifan Island North.
‘Mysk by Shaza’ Win the Pitch Among Top New Brands at the Saudi Arabia Hotel Investment Conference
Chris Nader, Vice President - Development, Shaza Hotels, made a special presentation to a large audience of hotel owners and investors about 'Mysk by Shaza' at the Saudi Arabia Hotel Investment Conference (SHIC) in Riyadh. Mysk was voted the winner of The Three Minute Pitch out of the 16 leading brands that participated in the session open for owners and investors only.
US$30 billion worth of hotels to be built in MENA by 2023
The Arabian Hotel Investment Conference (AHIC) 2019 has released the second annual AHIC Hotel Investment Forecast, which reveals that close to US$30 billion worth of hotel construction contracts will be awarded in the Middle East and North Africa between now and 2023.
STR: Preliminary December data for Dubai hotels
STR's preliminary December 2018 data for Dubai, United Arab Emirates, indicates performance consistent with significant growth in both supply and demand. Based on daily data from December, Dubai reported the following in year-over-year comparisons:
OYO unlocks homes in Dubai to restore balance in hospitality
25-year-old OYO founder Ritesh Agarwal must've had a really happy NYE as the company he founded only a few years ago is seeing great results in global markets. From Asia to the UK — and now the Middle East — it seems there's no stopping his hospitality empire.
Radisson Blu Opens Two New Hotels In Abu Dhabi
Radisson Blu, the upper upscale hotel brand that delivers a positive and personalized service in stylish spaces, is proud to announce the opening of two hotels in Abu Dhabi, United Arab Emirates (UAE). Both landmark hotels hold prominent locations, with the Radisson Blu Hotel & Resort, Abu Dhabi Corniche located on the vibrant and iconic sea walk of Abu Dhabi, while the Radisson Blu Hotel & Resort, Al Ain is situated in one of the UAE's cultural gems, known as the Garden City for its natural springs, plantations and lush palm groves.
The Royal Academy of Culinary Arts (RACA) becomes an Associate member of Ecole hôtelière de Lausanne’s (EHL) Certified Schools network
The Royal Academy of Culinary Arts (RACA) signed an advisory agreement with Lausanne Hospitality Consulting (LHC), the advisory services branch of EHL Group, on the 5th of December 2018 at the Royal Academy of Culinary Arts campus in Amman, Jordan.
Third Batch of Shaza Kifah Graduates Complete First Phase of Training at Shaza Al Madina
Saudi Arabia: Shaza Al Madina, member of Global Hotel Alliance and winner of Saudi Arabia's Leading Luxury Hotel 2018 Award, has announced the successful completion of the first phase of training for the third batch of Shaza Kifah graduates. During the period the candidates underwent an intensive 3-months training in multiple departments based on their interest, experience, knowledge, education and management skills.
STR: Preliminary November data for Jeddah hotels
STR's preliminary November 2018 data for Jeddah, Saudi Arabia, indicates negative performance comparisons affected by continued supply growth. Based on daily data from November, Jeddah reported the following in year-over-year comparisons:
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