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Growth of budget hotels in the Middle East forecast | arabnews.com
Published: 2009-11-24 14:43:52Middle East tourism is expected to more than double by 2020. Furthermore, the Arab world is still considered a hot spot among investors in the hospitality sector — but growth opportunities are no longer conceivable without considering the budget sector. Experts believe that luxury requires budget and Dubai, renowned for luxurious hotels such as Burj Al Arab, is leading the way. The emirate is beginning to realize that in order to lure more tourists, it needs to diversify its offerings especially in light of the financial downturn.
http://www.arabnews.com/?page=9§ion=0&article=128771&d=2...
Rezidor: Number 1 on HVS European Corporate Governance Ranking
Published: 2009-11-23 12:19:40The Rezidor Hotel Group ranks highest on the HVS 2008 European Corporate Governance Report, leaving behind 20 other publicly listed hotel companies in Europe, which were reviewed by HVS, a global leading executive search and consultancy agency.
Sol Meliá Announces Two New 5-star Meliá Hotel Resorts In Cape Verde
Published: 2009-11-23 12:16:37Sol Meliá has reached an agreement with The Resort Group PLC to manage two new 5-Star Hotel Resorts on the Island of Sal, Cape Verde, under the MELIÁ brand. Cape Verde is an archipelago of 10 tropical islands in the Atlantic Ocean, 1,000 km south of the Canary Islands and 450 km west of Senegal. With a currency fixed to the Euro, politically very stable, fantastic beaches and year-round sunshine, Cape Verde is fast becoming one of the world’s most exciting tourist hot spots.
HVS EMEA Hospitality ENews - Week Ending 20 November 2009
Published: 2009-11-23 09:31:36Crimson Hotels Group Acquires a Park Inn | A New Courtyard For Rome | Sol Meliá's Grand Tour | Indigo To Debut In Russia | A New Hotel For The Palm Jumeirah | Ramada To Open Hotel Number Three In Mecca | Travelodge's New Hotel In Newquay | Kiessling’s Corner
PolyU Signed Memorandum of Understanding with Abu Dhabi Tourism Authority
Published: 2009-11-20 10:53:09The Hong Kong Polytechnic University (PolyU) recently signed a Memorandum of Understanding (MOU) with Abu Dhabi Tourism Authority (ADTA) to collaborate on the rolling out of educational strategies aimed at honing Abu Dhabi’s ability to engage the rapidly emerging Asian and Chinese outbound markets.
STR Global reports Middle East/Africa pipeline for October 2009
Published: 2009-11-19 13:01:28The Middle East/Africa hotel development pipeline includes 437 hotels comprising 120,682 rooms, according to the October 2009 STR Global Construction Pipeline Report released this week.
Marriott International Announces Five New Hotels in the Middle East & Africa
Published: 2009-11-13 10:03:51Marriott International (NYSE:MAR) today announced the signing of five hotels for its newly established Middle East & Africa Region, including its first properties in Algeria, Ghana and Morocco.
Hoteliers celebrate Abu Dhabi Formula One Grand Prix success
Published: 2009-11-13 09:43:44Deloitte, the business advisory firm, confirms that Abu Dhabi’s hospitality industry received a welcome boost when hosting the UAE’s (United Arab Emirates) first Formula One Grand Prix last weekend. Revenue per available room (revPAR) growth, one of the hotel industry’s key performance indicators, peaked on Friday 30th October up 97.6% according to daily STR Global data. However, occupancy and average room rates hit the highest point during the 3-day event on Saturday the 31 October, at an astonishing 97.5% and US$606 respectively.
Protea Hotels Leads Hotel Growth In Africa
Published: 2009-11-11 10:53:58Protea Hotels, Africa’s largest hotel group continued to experience growth in 2009 with the opening of a series of new hotels throughout Africa. 2009 saw Protea Hotels celebrate its 25th anniversary with the group proving its status in the market though 5 recessions, by continuing to be the brand of choice with consumers both locally and internationally.
HSMAI Global Launches Official Chapter in United Arab Emirates
Published: 2009-11-10 16:46:52A new chapter of the Hospitality Sales and Marketing Association International (HSMAI) chartered in the United Arab Emirates (UAE) on November 2, 2009, during an official ceremony hosted by Jeff Senior, executive vice president of sales and marketing for Fairmont Raffles and global chair of HSMAI.

