Hotel owners and operators in the Maldives are learning the hard way how quickly disruption can turn cash flow negative. One key trend in global leisure destinations is a severe liquidity crunch of wholesalers and travel intermediaries, which in turn has created a domino impact on hotels.
Hotel news in Asia
Fairmont Hotels & Resorts, a luxury operator with more than 70 hotels globally, has announced the signing of two new luxury hotel developments in Morocco and the Kingdom of Saudi Arabia.
Tribute Portfolio, a collection of independent hotels and resorts from Starwood Hotels & Resorts Worldwide, Inc, has announced three new signings, bringing the brand’s footprint to 20 properties worldwide, exactly double the original growth projection for its first year.
Wyndham hotel group expands presence in Oman with two new hotels: Ramada encore and Ramada hotel & suites
Wyndham Hotel Group today announced the signing of two new properties in city of Muscat, Oman, under the umbrella of two of its globally recognised brands, Ramada Encore and Ramada Hotel & Suites. Connected by a footbridge, the three star Ramada Encore Muscat Al Ghubra and four star Ramada Hotel & Suites Muscat Al Ghubra will be situated along Sultan Qaboos street; a short distance from Muscat International Airport, nearby shopping centres and Oman’s renowned Sultan Qaboos Grand Mosque. Both properties are owned by the Al Khaleel Group.
Choice Hotels International has announced the signing of a master development agreement with Equinox Ventures Ltd, a joint venture between Equinox Group Ltd. and Al Tayyar Travel Group, to introduce and develop three of Choice's most prominent brands: Clarion, Comfort and Quality across the UAE and Saudi Arabia.
From the Arabian Hotel Investment Conference (AHIC) in Dubai, Starwood Hotels & Resorts Worldwide has announced that it is on track to grow its portfolio in the Middle East to 100 hotels by 2020.
HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance, and online services among other sectors, and Carlson Hospitality Group, Inc. today announced they have entered an agreement, for the acquisition of Carlson Hotels, Inc.
Emaar hospitality group marks expansion to Saudi Arabia with Vida Jeddah Gate and Vida Residences Jeddah Gate
Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, has launched its first hotel and serviced residence property in Jeddah Gate. The 14 storey Vida Jeddah Gate hotel tower and the 25 storey Vida Residences Jeddah Gate tower are centrally located in Jeddah Gate, by Emaar Middle East.
Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, today announced its expansion plan, highlighted by 35 new hotels and serviced residences to open under its three flagship brands – The Address Hotels + Resorts, Vida Hotels and Resorts and Rove Hotels - in Dubai, the UAE and key international markets.
Perched 2,000 meters above sea level on the curving rim of a great canyon, Anantara Al Jabal Al Akhdar Resort will welcome the world’s most discerning luxury travelers from August 2016.
Meliá Hotels International has announced its entry into the Iranian market with the first five-star branded hotel to be managed by an international hotel company, the Gran Melia Ghoo Hotel, located in the largest mixed residential, commercial and hotel complex to be developed in Iran, currently being built in Salman Shahr, a popular holiday destination on the Caspian Sea.
Private equity investor Actis has announced the sale of its minority stake in Plateno Hotel Group (Plateno) to Shanghai JinJiang International Hotels Development Co. LTD (JinJiang Hotels), a Shanghai A share listed subsidiary of the Chinese state-owned enterprise JinJiang Group.
RIU Hotels & Resorts and Dubai master developer Nakheel have formally signed their business partnership agreement.
Courtyard by Marriott Raipur today joins the growing portfolio of more than 1,000 Courtyard by Marriott hotels in more than 40 countries worldwide.
Starwood Hotels & Resorts Worldwide, Inc. announced yesterday that the company has reached a management agreement with Rajawali Property Group to open The St. Regis Jakarta and The Residences at The St. Regis Jakarta.