Category Archives: financing

Qatar firm eyes $500m spend on Turkish dry hotels


Nov 27, 2011    Arab tourists in Turkey A Qatar-based hospitality company is set to invest at least $500m in Turkish hotels operating under Islamic traditions. Semi state-owned Retaj Marketing and Project Management is looking to build multiple hotels to … Continue reading

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UAE firm injects $240 million into Red Sea resort


Saraya Development has received an infusion of US $240 million from an Abu Dhabi-based investment firm to complete its developments in Aqaba in the Red Sea.     Abu Dhabi daily The National reported that work stopped on Saraya three years … Continue reading

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MICROS Systems, Inc. (NASDAQ: MCRS), a leading provider of information technology solutions for the hospitality and retail industries, is delighted to announce that Alrov Properties & Lodging Ltd. has selected MICROS technology for all of its hotels located in Europe and … Continue reading

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Global Real Estate Markets on Recovery Path During the Second Quarter


Jones Lang LaSalle’s new Global Market Perspective, which assesses the impact of economic forces on the world’s major real estate markets quarterly, reveals that despite some economic uncertainties global real estate markets have continued on a resilient recovery path during … Continue reading

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A mid-year review of hotel finance


Article by: Jane Larkin Overall financial outlook As expected, the U.S. economy continues its slow recovery. Business spending, which had picked up, has recently slowed due to rising energy costs and concerns about a weakening global economy. Kiplinger’s 21 May … Continue reading

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London Achieve a Stunning Room Occupancy of 92.1% in July


The staggering room occupancy this month followed a room occupancy of 91.9% during the same period in 2010 and fuels anticipation for hoteliers at the prospect of what the shape of demand may be during the same period in 2012 … Continue reading

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STR Global: MEA hotel results for July


LONDON—The Middle East/Africa region reported decreases in all three key performance metrics during July 2011 when reported in U.S. dollars, according to data compiled by STR Global. The region ended the month with a 1.2-percent decrease in occupancy to 60.0 … Continue reading

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Jordan sets ambitious new targets for tourism


Article by: By Hotelier Middle East Staff Jordan has launched a new National Tourism Strategy, with a goal of increasing tourism receipts to US$ 5.9 billion (JD 4.2 billion) over the coming five years. The plan also involves upping visitor … Continue reading

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Middle East and Africa Hotel Industry Indicators Down For July 2011 :: Hotel News Resource


Middle East and Africa Hotel Industry Indicators Down For July 2011 (Source: Hotel News Resource)

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European Hotel Industry Indicators Up For July 2011


Includes the Global hotel review for July 2011 Hotel Industry Indicators Up For July 2011 :: Hotel News Resource. ( Source: Hotel News Resource)

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