The decline in the number of tourists, especially from Russia, has pushed down the revenue per available room across the hotels in the Middle East.
The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.
The group’s mid-market brands represent nearly 50 per cent of the company’s pipeline in the region.
The senior official did not completely rule out the idea of a takeover saying there are “constantly deals in our industry”.
The group is looking to open a hotel in London in order to attract GCC tourists travelling to the UK.
At least nine new Hyatt-branded hotels are expected to open across the GCC by 2017A
Villas range from three to six bedroom units with prices starting at Dhs1.7 million.
A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.
Major four-star hotel to phase in room upgrades that reflect latest design trends.
Hilton’s new neighbourhood brand targets districts with strong local flavour
The 285-room property will be located in Dubai’s Business Bay.
The newly branded hotel is scheduled for operation in 2018.
The new resorts are planned for Tunisia and Morocco.
Th 251-room property will be located opposite Dubai Media City’s new Dhs4.5 billion innovation hub.
Located in the Downtown district,Taj Dubai is the Indian luxury operator’s second Dubai hotel.
DAMAC Maison The Vogue and NAIA Breeze have a joint capacity of more than 500 suites.
Partnership provides Habtoor with greater access to global markets and Marriott with a direct beach offering
Wyndham’s brand enters the underserved select-service mid-market
Revenues of hotels and hotel establishments rose 9.8 per cent last year to reach Dhs23.9 billion, officials said.
Jumeirah will soon have a second property in Turkey and second resort in Europe
Luxury operator’s arrival further stokes competition in the Kingdom’s five-star sphere
The two-tower complex – split between 464 hotel rooms and 405 apartments – overlooks Dubai Healthcare City.
Dubai Design District expects to launch 130 smart initiatives over the course of its development.
Hilton Garden Inn Dubai Al Jadaf becomes the brand’s fourth Dubai project
The new senior managers are expected to help the Dhs10 billion project open as scheduled in 2016.
Luxury operator’s resort, its second property in the UAE capital, set to open on Saadiyat Island
Second Pullman hotel in Dubai targets business and leisure travellers in the fast-growing community
Design-led hotel targets business and leisure guests as more five-star supply beckons
Mid-market brand targets connection-oriented business travellers
Luxury lifestyle brand ends 10-year search and teams up with Meraas Holding