Saudi Arabia’s hospitality market can expect to witness high levels of new supply over the next three years as many of the previously delayed projects come to fruition, said a report.
This increase in supply is likely to increase
Omran, Oman's tourism development and investment company, plans to open six new hotels in the Sultanate between 2015 and 2017.
The company will develop the properties either in joint venture, or as wholly owned entities, said a repo
Fashion TV, a French-based fashion and lifestyle broadcaster, is eyeing the GCC to launch its brand of hotels and residences.
Targeting investors and real estate developers interested in branding their projects, Fashion TV present
Housing prices fell slightly in Dubai, UAE, and rents were flat in the first quarter of 2015 in the emirate compared with the final three months of last year, a report by property consultants JLL showed on Monday.
The real estate market
With three hotels opening in Saudi Arabia by next year, Abu Dhabi-based Cristal Hospitality will be participating in the Arabian Travel Market (ATM), taking place in Dubai, UAE, next month.
According to president and CEO of Crista
Eight new hotels and serviced apartments will be built over the next five years within Dubai Investments Park (DIP) in UAE.
The new hotels and serviced apartments, to be built by individual investors, will be of various star categ
Luxury real estate developer Damac Properties has launched two new serviced hotel apartments in the Burj area in Dubai, UAE.
Damac Maison The Vogue and NAIA Breeze are now welcoming guests and have a joint capacity of more than 50
Gulf Hotels Group has signed a management agreement with Asdal Hotel for the operation of a four-star deluxe property in Seef District, Bahrain.
The hotel is currently under refurbishment and expected to be opened in September, sa
Around 54 new hotels are currently being developed in Oman, on top of 23 last year, which signals a huge increase in capacity coming onto the market, broadening the scope for services across the tourism sectors, said an industry expert.
A new expansion strategy will see Bahrain-based Gulf Hotels Group investing $132 million over the next few years to expand the existing hotel portfolio and establish a number of stand-alone restaurants, it has emerged.
The group c