IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has signed an agreement with Nouh Mohamad Nouh and Partners Limited. for voco® Jeddah Gate. The latest signing underpinning IHG's commitment to expand its footprint across the Kingdom. This marks the third voco® signing in Saudi Arabia in a span of 9 months and follows the recent announcement of signing of world's largest voco® in Makkah.
In his new role Younes will be responsible for the hotel strategic and financial performance and will report to Eddy Tannous, VP operation Middle East.
STR's preliminary July 2019 data for Jeddah, Saudi Arabia, indicates high occupancy but double-digit rate declines due to comparison with a strong 2018. Based on daily data from July, Jeddah reported the following in year-over-year comparisons:
STR's preliminary May 2019 data for Jeddah, Saudi Arabia, indicates low performance consistent with the time of Ramadan.
A Lebanese national and hospitality expert, Firas has over 20 years' experience in hospitality management. He started his journey in this industry at the Radisson SAS Aqaba, Imo Concorde Hotel Nigeria, as General Manager. Moving back to Amman, Firas has added a great experience to his CV as he led the team of Radisson SAS Amman, and afterwards the Landmark Hotel Amman as Regional General Manager.
STR's preliminary March 2019 data for Jeddah, Saudi Arabia, indicates a drop in room rates during low occupancy season.
Shaza Hotels, a member of the Global Hotel Alliance, has signed a management agreement with Sheikh Sultan Al Harthi to operate Mysk Jeddah - the Mysk brand's first property in KSA. Superbly located on Heraa street, close to the Jeddah Corniche, the four-star hotel is expected to open in 2021. Included in its facilities are a restaurant, a café, meeting rooms, a kids' club, fitness centre and rooftop pool.
Hyatt announced today the entry of the Hyatt House brand into the Middle Eastern market with the opening of Hyatt House Jeddah Sari Street in the Kingdom of Saudi Arabia. The opening of the Hyatt House hotel is a significant step towards increasing Hyatt's brand footprint in the extended stay segment and growing Hyatt's brand presence in the Middle East with innovative hospitality offerings in key locations and gateway cities.
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:
Rotana, one of the leading hotel management companies in the Middle East, Africa and Turkey, and Al Diyar United, have announced the launch of Centro Salama Jeddah, the first hotel project to be funded and developed in partnership with Al Diyar United Company, one of the leading real estate developers in the Kingdom of Saudi Arabia.
STR's preliminary August 2018 data for Jeddah, Saudi Arabia, indicates strong demand and performance growth.Based on daily data from August, Jeddah reported the following in year-over-year comparisons:
Rotana, one of the leading hotel management companies in the Middle East, Africa, and Turkey, has announced the opening date of its latest hotel addition in Jeddah under the "Centro by Rotana" brand. Officially opening in September, Centro Salama is the second hotel to open in Jeddah and the fifth in the Kingdom. The new hotel comes as part of the group's strategic plan to expand the Kingdom's hospitality market and seize opportunities offered by this growing and booming sector.
STR's preliminary June 2018 data for Jeddah, Saudi Arabia, indicates positive performance. Based on daily data from June, Jeddah reported the following in year-over-year comparisons:
STR's preliminary April 2018 data for hotels in Jeddah, Saudi Arabia, indicates negative overall performance due to a jump in supply. Based on daily data from April, Jeddah reported the following in year-over-year comparisons:
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), continued to receive worldwide recognition, having won four prestigious accolades at this year's World Travel Awards Middle East Gala Ceremony. It was the biggest winner among the serviced residence companies.
STR's preliminary March 2018 data for hotels in Jeddah, Saudi Arabia, indicates mostly negative performance due to a spike in supply. Based on daily data from March, Jeddah reported the following in year-over-year comparisons:
STR's preliminary December 2017 data for hotels in Jeddah, Saudi Arabia, indicates significant supply growth and negative performance. Based on daily data from December, Jeddah reported the following in year-over-year comparisons:
STR's preliminary November 2017 data for hotels in Jeddah, Saudi Arabia, indicates significant supply growth and steep performance declines.Based on daily data from November, Jeddah reported the following in year-over-year comparisons:
STR's preliminary October 2017 data for hotels in Jeddah, Saudi Arabia, indicates rate-driven performance growth. Based on daily data from October, Jeddah reported the following in year-over-year comparisons:
Rabih, who is Lebanese, has started his career in the industry as receptionist. He held various positions as Front Office Manager, Rooms Division Manager and Executive Assistant Manager – Rooms. This is his first position at Carlson Rezidor and his first positions as Hotel Manager.