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Minor Hotels Group has inaugurated two new hotels in the UAE

Minor Hotels, a leading hotel group in Asia, unveiled two new hotels under the Anantara brand in the first quarter of the current year in the United Arab Emirates.These two new hotels are exemplary showcases of the group's ability to create distinctive hotel products with unique identities, even within one country and under a single brand.The opening of these two new hotels demonstrates Minor Hotels' commitment to expanding the Anantara brand in the Middle East. Currently, the hotel group operates 13 Anantara hotels in the region and plans to open fifty more hotels in the next three years.

Create: Apr 24, 2024 Edit: Apr 24, 2024 International News

Ras El Hikma Opportunity for Hospitality Development in Egypt

The Prime Minister of Egypt announced in a statement that Egypt will receive the second installment of financial commitments related to the Ras El Hikma project in the coming weeks.The Ras El Hikma project is a major development project on the northern coast of Egypt, including the construction of hotels, resorts, golf courses, and other recreational facilities.This project is expected to boost tourism in Egypt and create new job opportunities in the hospitality industry. Additionally, the Egyptian government is currently promoting several other investment projects, aiming to renovate the hospitality industry in Egypt and increase its capacity to accommodate more tourists.

Create: Apr 24, 2024 Edit: Apr 24, 2024 International News

Saudi Arabia Sets New Record in Foreign Tourist Spending

According to preliminary statistics from the Saudi Arabian Central Bank, the expenditure of foreign tourists in the country reached a new record in 2023, totaling $35.95 billion. This figure indicates a growth of 42.8 percent compared to 2022 and marks the highest level of foreign tourist spending in the country's history. Furthermore, the World Tourism Organization's Tourism Barometer report in January 2024 showed that tourist arrivals in Saudi Arabia in 2023 increased by 156 percent compared to 2019. These achievements demonstrate Saudi Arabia's efforts to develop its tourism industry and become an attractive global destination for tourists.

Create: Apr 17, 2024 Edit: Apr 17, 2024 International News

Saudi Arabia's Riyadh Air Celebrates Its First Anniversary

Riyadh Air, the emerging Saudi Arabian airline, is celebrating its first anniversary with significant achievements both domestically in Saudi Arabia and on the international stage. In its inaugural year, the airline has signed significant agreements and established strategic collaborations with key partners worldwide. Riyadh Air, equipped with advanced technologies and innovative services, is poised to commence its flight operations in 2025.

Create: Apr 17, 2024 Edit: Apr 17, 2024 International News

️Rixos Hotels Acquire Management of El Montazah Palace

Rixos Hotel Chain has obtained the rights for the management, development, and operation of the historic Al Montazah Palace in Alexandria, based on a leasehold, development, and management agreement. According to the terms of the contract, the Rixos group will independently execute, develop, and refurbish the palace, and will also manage and operate it after its official opening.Under the agreements, the group will proceed with the construction of a hotel within the palace premises, with its architectural style aligned with the palace environment and customer expectations. The plan is to establish a Rixos-branded hotel within the palace. Preparations for operations inside the palace are expected to be completed soon, with the palace being transferred for development and refurbishment operations in the near future.

Create: Apr 10, 2024 Edit: Apr 10, 2024 International News

Accor posts record EBITDA of over $1 billion for 2023

Accor chain hotels brand reached a new milestone in profitability in 2023, achieving its highest-ever gross operating profit of over 1 billion euros for the first time in its history.The group reported revenues of 5.056 billion euros in 2023, reflecting an 18% growth compared to 2022. This growth includes a 17% increase for the economy, mid-scale, and upscale segment, and a 22% increase for the luxury and luxury services segment.

Create: Apr 10, 2024 Edit: Apr 10, 2024 International News

Etihad Airways Reports AED 1.4 Billion Profit in 2023

In 2023, Etihad Airways achieved an operational profit of AED 1.4 billion, indicating significant growth compared to 2022. The CEO of Etihad Airways attributed these results to the strong comeback of the company after two challenging years caused by the COVID-19 pandemic. He stated that Etihad Airways witnessed increased demand across all market segments in 2023 and strategically increased its capacity to respond to this demand.

Create: Apr 7, 2024 Edit: Apr 7, 2024 International News

Four seasons Brand Expanding Beyond Luxury Accommodations

During a series of interviews across Europe, the Middle East, and Africa, the CEO of Four seasons hotels unveiled the brand's new vision for the region. Four seasons aims to play an active role in sustainable development by reducing energy and water consumption, using eco-friendly materials, and supporting the economies and cultures of local communities. Social responsibility is another key pillar of Four season' new vision. The hotel brand seeks to empower women, protect the environment, and create positive impacts in its host communities. Through offering cultural and artistic programs, unique culinary experiences, and recreational and sports activities, these hotels aim to create unforgettable memories for their guests. The CEO emphasized in these interviews that the Four seasons brand seeks to create hotels that go beyond luxury accommodations and have a positive impact on their communities.

Create: Apr 7, 2024 Edit: Apr 7, 2024 International News

Newest Instagram post of the secretary general of the world tourism organization

; I wish everyone celebrating a joyous and peaceful Easter.And safe travels to all those experiencing the pleasures of tourism during this season.

Create: Apr 3, 2024 Edit: Apr 3, 2024 International News

Malaysia Airlines Returns to Profitability

After 13 years, Malaysia Airlines (MAS) finally returned to profitability in 2024, driven by high demand for travel and increased airfare prices among other factors. The CEO of Malaysia Aviation Group attributes the airline's profitability to increased passenger traffic in high-yield segments and more international flights. In 2023, the airline transported approximately 14.5 million passengers, marking a 46% increase from the previous year. Additionally, by December, passenger numbers had reached 86% of pre-pandemic levels, with expectations to fully recover to pre-pandemic levels by the second quarter of 2024.

Create: Apr 3, 2024 Edit: Apr 3, 2024 International News

Dubai's Food & Beverage Sector Attracted $577 Million in FDI

The food and beverage sector of the United Arab Emirates generated a net income of $16.4 billion from retail sales in 2023. Out of this figure, $9.8 billion stemmed from the sales of fresh food items, while $6.6 billion was attributed to packaged food sales. Moreover, it is projected that beverage sales in the country will increase from $1.6 billion in 2023 to $2 billion by 2028. Additionally, there is a notable upward trend in online grocery shopping in the UAE. This figure reached $1.1 billion in 2023 and is expected to continue growing at a rate of 9.5 percent annually until 2027.

Create: Apr 3, 2024 Edit: Apr 3, 2024 International News

Swiss-based Aman to open its first luxury hotel in Dubai

Renowned for its opulent and lavish hotels, the Aman hotel group is set to build its first hotel in the city of Dubai. The hotel will be located in Jumeirah 2 area, alongside the coastline.Aman Dubai will feature luxurious suites, a spacious spa, several restaurants, and an exclusive club.The design of this hotel is being undertaken by the architectural firm Kerry Hill Architects, combining a blend of minimal and contemporary styles with Arabic elements. Currently, the Aman hotel group is also constructing hotels in Saudi Arabia.

Create: Apr 2, 2024 Edit: Apr 2, 2024 International News