Aloke Dey, the manager of Sharaf Travel Holidays one of the largest tour operators in Dubai told a UAE mewspaper that room rates in the city’s four and five star hotels had dropped by up to 30%. However, despite these cuts, he added, demand is still down 10% as compared to the same period in […]
Vacation services provider, Interval International, said on November 23 that, it is affiliating with Monte Cairo, an urban resort in Cairo, by adding the resort to its global network. The firm said that the new property, situated on top of the Moqattam Hill, comprises 80 timeshare units, with a mix of studio, one and two-bedroom […]
According to the latest report by hospitality consulting firm, HVS International, while US and European hospitality sector faces severe economic downturn, the Middle East is still going strong. “We have found that the Middle East continues to be one of the most lucrative markets for hotel developers for the time being. It remains to […]
Shrugging off the global financial crisis, Dubai overnight toasted a new luxury hotel with a 20 million dollar bash attended by film stars and sporting greats and marked by a spectacular fireworks display. More than 2,000 world celebrities were invited to the event, which began Thursday night and continued late into Friday. Among those […]
A new benchmark for residential excellence will be established by the new Al Habtoor Island Resort and Spa, which is set for completion by 2011 – situated in the most desirable location on the Crescent of The Palm Jumeirah (secured by The Al Habtoor Group when The Palm was no more than an ambitious vision), […]
Starwood Hotels & Resorts Worldwide, Inc has revealed plans to launch three properties in Saudi Arabia – Four Points by Sheraton Dhahran, Four Points by Sheraton Mall of Arabia (Jeddah) and Aloft Riyadh. Four Points by Sheraton Dhahran, has 236 rooms and suites in different categories ranging from Deluxe Rooms to Executive Suites. It […]
With an average rate of $290 per night, Dubai hotels ranked highest globally in terms of average room rate for August, according to a report by STR Global, the agency monitoring hotel performance trends worldwide. Dubai was followed by Paris at $280 and New York at $261. Dubai hotels achieved 81.6% occupancy levels in […]
Business at Atlantis, the $1.5 billion (Dh5.5 billion) hotel on the Palm Jumeirah is slow, with low occupancy levels and room rates slashed dramatically. Despite the grand opening of the resort on Thursday night, which saw stars and celebrities descend on the Palm, business is not so impressive. The average room rate on November […]
Sultan Ahmad Bin Sulayem, Chairman of Dubai World, told a Dubai based newspaper that, taking advantage of the ongoing financial crisis, the company is looking at expanding its presence in the hospitality sector around the globe, with a focus on emerging markets. Bin Sulayem was speaking on the sidelines of the relaunch function of […]
Situated 2.5 km from Falaj al Qabail, The Crowne Plaza Sohar’s imposing façade overlooks the Sohar-Buraimi highway. The hotel, which is scheduled to open its doors to guests by the end of this year, is nearing completion. The hotel premises have been connected with supplies of potable water, electricity, gas and telecommunication. The air-conditioning is […]
