rotana announces 130 million investment support
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Rotana announces $130 million investment, support

Arab Today, arab today

Arab Today, arab today Rotana announces $130 million investment, support

Rotana, one of the leading hotel management companies in the Middle East,
Middle East - Arab Today

Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, will open four new hotels in Saudi Arabia in 2017 as it continues to look to markets in the GCC to drive business growth and expansion, the company’s chief operating officer Guy Hutchinson said in Jeddah on the sidelines of the Rotana Hotels 2017 GCC Roadshow.
All four of the upcoming Rotana properties in the Kingdom will be under the company’s affordable lifestyle hotel brand “Centro by Rotana.” 
Centro Waha, Riyadh will open in the second quarter of this year and Centro Salama, Jeddah will open in the third quarter of this year, while the remaining two properties — Centro Olaya, Riyadh and Centro Corniche, Alkhobar — are set for a Q4 2017 opening. The projects represent a total investment of $130 million.
“Saudi Arabia is pivotal to Rotana’s expansion strategy for the region,” Hutchinson said. “Despite the knock-on effects of the oil price slide and the prevailing tough global economic environment on tourism spending, Saudi Arabia’s tourism and hospitality sector has shown remarkable resilience, thanks to the nation’s determined push toward economic diversification. The Saudi government recognizes the crucial role that tourism can play in driving the country’s economy away from oil dependency and achieving sustainable and inclusive growth, and is doing everything in its capacity to support the creation of a world-class tourism infrastructure to set the ground for future growth.”
He added: “Widening the accommodation choices for visitors by bringing more mid-market offerings to the market is vital to keeping Saudi Arabia on the fast track toward achieving its tourism goals. There is today an urgent need for more budget-friendly hotels in the Kingdom as travelers look for affordable accommodation that doesn’t compromise on comfort and convenience. Rotana is responding to these demands by bringing to Saudi Arabia an impressive collection of properties under our ‘Centro’ brand, which has redefined the rules of the mid-market game by combining world-class service and comfort in an affordable package.”
In addition to being one of the Middle East’s fastest-growing inbound tourism markets, Saudi Arabia is also a key driver of travel demand for Rotana hotels across the region. 
“Saudi Arabia is the second largest feeder market for Rotana hotels in the region after Great Britain. We remain very optimistic on the Kingdom’s tourism sector and we expect occupancy rates at our hotels in 2017 to be in line with last year’s numbers,” Hutchinson said. “Rotana recognizes the catalytic potential of hospitality and tourism in helping Saudi Arabia usher in an era of diversified economic growth, and we are committed to supporting and contributing to the goals outlined in the Saudi Vision 2030 roadmap.”

Source : Arab News

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

rotana announces 130 million investment support rotana announces 130 million investment support

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

rotana announces 130 million investment support rotana announces 130 million investment support

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant

GMT 01:44 2017 Friday ,15 December

Mennat-Allah underlines importance of landscapes

GMT 04:57 2017 Thursday ,14 December

Trump tells NASA to send Americans to Moon

GMT 21:43 2017 Wednesday ,11 October

Qabil discusses with Swiss delegation improving power

GMT 21:06 2017 Sunday ,17 September

OIC condemns suicide attack in Kabul

GMT 08:27 2017 Thursday ,27 April

Nokia reports another loss as networks sag

GMT 19:41 2017 Monday ,06 February

Elina Svitolina Claims Taiwan Open Title

GMT 09:39 2017 Friday ,03 February

Former Brazilian president Lula's wife dies of stroke
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday