Company Insights Rotana Hotels Tourism Rotana Hotels News Video length: 4:19 VIDEO Leisure & Hospitality GCC hoteliers unfazed by rising costs As global inflationary pressures continue to vex businesses, hospitality chains are faced with a choice: increase room rates or sacrifice profit margins. GCC hoteliers seem to be opting for squeezing profit margins rather than increase room rates, even as geopolitical tensions and supply chain challenges threaten to push up costs. Average daily rates (ADR) in […] May 21, 2024 Tourism Palazzo Versace hotel sale aims to ride Dubai tourism wave Owners of Dubai’s ultra-luxurious Palazzo Versace hotel are looking to capitalise on the emirate’s tourism boom before it peaks, offering it for sale at nearly AED1.4 billion ($380 million). A source familiar with the asset told AGBI the hotel is being “readvertised” as it has not found a buyer willing to meet its price tag […] May 17, 2024 Leisure & Hospitality UAE’s Rotana to launch eight new hotels in Saudi Arabia UAE-headquartered Rotana is set to launch eight new properties across Saudi Arabia in the next four years, bringing the total key count to 4,400 across 16 properties. Saudi Arabia presents one of the fastest-growing markets in the region, Rotana’s chief operating officer Eddy Tannous said. “Rotana is on track to meet its ambitious goal to double the number of […] January 28, 2024 Opinion Sustainability My time as Japanese finance minister will change the world A simulation of the Cop28 summit brings out the best – and worst – in the global community November 10, 2023 Infrastructure Orascom ‘treading water’ in Egypt but remains bullish The value of Orascom Development’s strong growth in Egypt has been almost wiped out as a result of continued currency devaluations. But group CEO Omar El Hamamsy remains bullish on the future of the North African country. The conglomerate, that is based in Switzerland and develops infrastructure at scale, has grown 60 percent in Egypt […] October 20, 2023 Analysis Tourism UAE taps multi-billion dollar inclusive tourism market Amsaan Accessible Tours claims to be the first company in the Mena region specialising in creating unique tours for deaf people, tapping into the underserved and yet multi-billion dollar inclusive tourism market. The Dubai company uses technology to provide tours with all information in sign language. There are deaf guides for group tours, on-demand sign […] August 13, 2023 Tourism Sustainable tourism the new priority for Middle East Sustainable tourism was once viewed as a marginal segment of the Middle East’s offering – an eco-lodge in Jordanian desert, or a Bedouin trail in the Sinai. Times are changing. The Gulf’s marketing chiefs are rolling out ambitious projects that are designed to lure the eco-conscious traveller. Saudi Arabia’s Red Sea Global project airport will […] July 17, 2023 Tourism Hotel group Rotana to open new casino resort in Georgia Abu Dhabi hotel management company Rotana is opening a new casino resort on the Black Sea coast in Georgia in 2026. Set to be the largest hotel complex in the country, the five-star Pontus Rotana Resort & Spa, Gonio, will add 600 keys to Rotana’s growing global footprint and provide access to world-class gaming at […] May 30, 2023 Tourism Rotana checks in to London’s business hotel market Hospitality company Rotana has unveiled a $1 billion-plus plan to enter the London business hotel market, and to expand its offerings in Egypt and Saudi Arabia. The UAE-based business – which has more than 100 properties in the Middle East, Africa and Eastern Europe – will begin its UK operation by opening two serviced apartment […] May 2, 2023 Analysis Tourism Gulf hospitality market banks on hotel-building surge Following the chaos of Covid and a surge in visitors for the Fifa World Cup and Expo 2022, the Gulf hospitality market might have been expected to return to a period of relative normality. But major tourism investment drives are afoot as GCC states seek to further diversify their economies. Almost 170,000 hotel rooms are […] April 30, 2023 Posts navigation Previous 1 2 3 4 Next
Video length: 4:19 VIDEO Leisure & Hospitality GCC hoteliers unfazed by rising costs As global inflationary pressures continue to vex businesses, hospitality chains are faced with a choice: increase room rates or sacrifice profit margins. GCC hoteliers seem to be opting for squeezing profit margins rather than increase room rates, even as geopolitical tensions and supply chain challenges threaten to push up costs. Average daily rates (ADR) in […] May 21, 2024
Tourism Palazzo Versace hotel sale aims to ride Dubai tourism wave Owners of Dubai’s ultra-luxurious Palazzo Versace hotel are looking to capitalise on the emirate’s tourism boom before it peaks, offering it for sale at nearly AED1.4 billion ($380 million). A source familiar with the asset told AGBI the hotel is being “readvertised” as it has not found a buyer willing to meet its price tag […] May 17, 2024
Leisure & Hospitality UAE’s Rotana to launch eight new hotels in Saudi Arabia UAE-headquartered Rotana is set to launch eight new properties across Saudi Arabia in the next four years, bringing the total key count to 4,400 across 16 properties. Saudi Arabia presents one of the fastest-growing markets in the region, Rotana’s chief operating officer Eddy Tannous said. “Rotana is on track to meet its ambitious goal to double the number of […] January 28, 2024
Opinion Sustainability My time as Japanese finance minister will change the world A simulation of the Cop28 summit brings out the best – and worst – in the global community November 10, 2023
Infrastructure Orascom ‘treading water’ in Egypt but remains bullish The value of Orascom Development’s strong growth in Egypt has been almost wiped out as a result of continued currency devaluations. But group CEO Omar El Hamamsy remains bullish on the future of the North African country. The conglomerate, that is based in Switzerland and develops infrastructure at scale, has grown 60 percent in Egypt […] October 20, 2023
Analysis Tourism UAE taps multi-billion dollar inclusive tourism market Amsaan Accessible Tours claims to be the first company in the Mena region specialising in creating unique tours for deaf people, tapping into the underserved and yet multi-billion dollar inclusive tourism market. The Dubai company uses technology to provide tours with all information in sign language. There are deaf guides for group tours, on-demand sign […] August 13, 2023
Tourism Sustainable tourism the new priority for Middle East Sustainable tourism was once viewed as a marginal segment of the Middle East’s offering – an eco-lodge in Jordanian desert, or a Bedouin trail in the Sinai. Times are changing. The Gulf’s marketing chiefs are rolling out ambitious projects that are designed to lure the eco-conscious traveller. Saudi Arabia’s Red Sea Global project airport will […] July 17, 2023
Tourism Hotel group Rotana to open new casino resort in Georgia Abu Dhabi hotel management company Rotana is opening a new casino resort on the Black Sea coast in Georgia in 2026. Set to be the largest hotel complex in the country, the five-star Pontus Rotana Resort & Spa, Gonio, will add 600 keys to Rotana’s growing global footprint and provide access to world-class gaming at […] May 30, 2023
Tourism Rotana checks in to London’s business hotel market Hospitality company Rotana has unveiled a $1 billion-plus plan to enter the London business hotel market, and to expand its offerings in Egypt and Saudi Arabia. The UAE-based business – which has more than 100 properties in the Middle East, Africa and Eastern Europe – will begin its UK operation by opening two serviced apartment […] May 2, 2023
Analysis Tourism Gulf hospitality market banks on hotel-building surge Following the chaos of Covid and a surge in visitors for the Fifa World Cup and Expo 2022, the Gulf hospitality market might have been expected to return to a period of relative normality. But major tourism investment drives are afoot as GCC states seek to further diversify their economies. Almost 170,000 hotel rooms are […] April 30, 2023
