Keyword: Saudi Arabia

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.

Hotels in the Middle East reported mixed October results, while hotels in Africa posted mostly positive numbers across the three key metrics.

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

The Holiday Inn Madinah West is expected to open in 2022 to cater to the influx of religious tourists expected as part of Vision 2030.

The Assila Hotel in Jeddah will join the Marriott International soft brand next year.

The Voco Jeddah Gate is IHG's third Voco signing for Saudi Arabia in nine months. 

Kempinski signed a deal with Umm Al Qura for Development and Construction Co. to open the Kempinski Hotel Makkah in 2023.

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

Falling RevPAR has driven a drop in profits at hotels across the region for the past 12 months.

Leadership from both companies said the hotel will benefit from a diverse guest profile, including leisure and corporate travelers.