Keyword: Riyadh

Lodging Econometrics forecasts that the Middle East is on track to open 93 new hotels this year and will surpass 100 in the next two years.

The property is a conversion of the former Mövenpick Hotel Riyadh, and underwent "major redesigning" before rebranding.

The company has signed a management agreement with Al Rawabi Regional Co. for Hotels Resorts and Tourism Ltd. to open the hotel next year. 

The Mansard Riyadh, A Radisson Collection Hotel & Residences brings the group’s portfolio in Saudi Arabia to 43 hotels.

The hotel is a 30-minute drive from King Khaled International Airport and close to more than 80 foreign embassies and diplomatic missions.

The complex features the first luxury full-service hotel in the Diplomatic Quarter and has 80 guestrooms alongside 140 serviced apartments.

Landmark Group's Citymax Hotels is set to open a property in Riyadh in mid-2019.

New-pipeline-project counts are up 8 percent while room counts show a 15-percent increase year-over-year.

Riyadh hotels saw a 10.7-percent increase in RevPAR for September, while RevPAR at hotels in Medina was almost $128 below August.

Middle East hotels faced an occupancy drop of 7 percent, while African hotels saw occupancy grow 3.9 percent to 65 percent.