STR has revealed that Middle East-based hotels reported mixed performance results this January, while African posted growth across three key performance metrics.
The UAE will continue to lead the GCC’s luxury hospitality segment to 2022, with 73 percent of existing luxury hotel stock and 61 percent of the region’s current luxury pipeline located in the country, according to data released prior to this year’s Arabian Travel Market (ATM).
The IntercityHotel brand is continuing its expansion on the Arabian Peninsula with IntercityHotel Riyadh Malaz opening for business before the end of the year.
Representatives of the Emirates Publishers Association (EPA) and Saudi Arabia’s Ministry of Culture and Information recently met in Riyadh to explore ways to enhance cultural cooperation and intellectual exchange towards enriching their publishing movements.
SaudiGulf Airlines has announced it will launch its international operations in March.
Saudi Arabia-based airline flynas has commenced a service to Kano in Nigeria.
Radisson Blu has announced the opening of its first resort in Al Khobar, namely Radisson Blu Resort, Al Khobar Half Moon Bay.
Hailed as the largest cinema operator in the world, AMC Entertainment has announced a non-binding memorandum of understanding (MoU) with The Public Investment Fund of Saudi Arabia (PIF).
The Rezidor Hotel Group has announced the signing of six new hotels expanding in capitals and primary locations in Poland, Cameroon, Georgia, Saudi Arabia and Lebanon.
The Public Investment Fund (PIF) of Saudi Arabia and Virgin Group, have signed a non-binding memorandum of understanding (MoU) for a partnership under which PIF intends to invest approximately USD1 billion into Virgin Galactic, The Spaceship Company and Virgin Orbit, with an option for USD480 million of future additional investment in space services.