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Three Hotel Brands Make Their Move On Saudi Arabia

Three Hotel Brands Make Their Move On Saudi Arabia

In a significant day for Saudi Arabia’s travel industry, three brands have announced their entry into the country’s burgeoning travel market. Luxury operator One&Only Resorts is to open a 150-room resort on Jeddah’s Red Sea, marking its first property in Saudi Arabia.

Saudi inbound, outbound tourism continues to surge

Saudi inbound, outbound tourism continues to surge

According to the Royal Embassy of Saudi Arabia, more than 1.8 million foreign pilgrims travelled to Hajj in 2011, with all evidence pointing to continued increase over the next few years. In the first quarter of 2012 alone, 2.9 million foreign tourists visited the country, spending nearly US 1.9 billion according to a report released by the Tourism Information and Research Centre.

Riyadh hotels sees 40% increase in occupancy rates

Riyadh hotels sees 40% increase in occupancy rates

According to data by STR Global, hotels in the Saudi capital, Riyadh have seen strong occupancy growth in September with a 40% rise in occupancy rates, average daily rate (ADR) and revenue per available room (revPAR) in September compared to the same month in 2010, Saudi Gazette has reported.

Saudi Arabia shuts 14 hotels in Riyadh

Saudi Arabia shuts 14 hotels in Riyadh

The Saudi Commission for Tourism and Antiquities (SCTA) has shut down 14 hotels and furnished apartments after inspectors found them in violation of the set standards, Saudi Gazette has reported.

Saudi group launches $25m Beirut hotel

Saudi group launches $25m Beirut hotel

The hotel offers four exclusive types of suites – Royal Penthouse Suite (duplex), Royal Suite, Presidential Suite and Ambassador Suite, offering 10 sea view suites, each spread out on a separate floor, according to Abdulkader Hankir, chief operating officer of KAS Investment – hospitality division.

SCTA shuts down 36 hotels and furnished apartments

SCTA shuts down 36 hotels and furnished apartments

The SCTA has warned owners of about 40 other hospitality institutions that they would face closure if they did not correct their situation before the deadline.
Last week, the commission closed 14 furnished apartments in Riyadh and gave final warning to three hotels. The institutions were closed as they were operating without licenses and were not fulfilling other SCTA conditions aimed at improving their service standards.

New seaside hotel planned for Dammam

New seaside hotel planned for Dammam

DAMMAM: The city will be getting a new SR260 million, 240-room hotel along its Corniche through an agreement between the Riyadh-based SHUAA Saudi Hospitality Fund and Abdulla Fouad Holding Co., the financial institution announced. The Rayhaan by Rotana Hotel will be located on the Al-Ashra Roundabout and offer unobstructed views of the Arabian Gulf as well as easy access to highways linking Dammam to King Fahd International Airport, Jubail, Alkhobar and Dhahran.

Abdul Latif Jameel eyes hotel brand in Kingdom

Abdul Latif Jameel eyes hotel brand in Kingdom

Abdul Latif Jameel Real Estate Investment Company has announced its intention to create a Saudi-cultured hotel brand which will open its first property in the second half of 2011. Egyptian national Mahmoud Mokhtar has been appointed as chief operating officer for the hotel division, which is so new it does not even have a name yet, and he will drive the company’s growth aspirations within Saudi Arabia and the Middle East region.

Saudi Kingdom group’s Q3 profits boosted by hotels

Saudi Kingdom group’s Q3 profits boosted by hotels

Saudi tycoon Prince Alwaleed bin Talal’s Kingdom group said Monday its hotel business helped to boost its third-quarter net profit by 52.6 percent on year to 160 million riyals ($42.7 million). Kingdom said its net profit for the quarter ended 30 September was up 18.1 percent from the previous three months, when it earned 135.4 million riyals ($36.1 million).

Dusit International to operate 15 hotels by 2015 in the Middle East

Dusit International to operate 15 hotels by 2015 in the Middle East

Adding to its hotel collection in this region, Dusit aims to open hotels and resorts in Abu Dhabi, Jeddah in Saudi Arabia, Bahrain, Oman and Qatar within three years.