Saudi Arabian travel company looks to India for partnerships

hotel of elaf hotels company
Elaf Jeddah

A Saudi Arabian hospitality and tourism company is looking to India as a budget hospitality partner. Senior executives of Elaf Hotels Company and Elaf Travel and Tourism Company are reportedly exploring the potential of India’s tourism market and the Indian Haj and Umrah pilgrimage sector, Hotelier Middle East is reporting.

Elaf Hotels vice president Abdullah H. Bakri said that the company has identified several opportunities to carry out projects for budget hotels in India as part of the tie-up in the vital tourism sector with Indian partners. Large-scale Indian companies would provide a nation-wide network to bring in more Umrah pilgrims.

The Saudi Economic and Development Company (SEDCO) has invested in more than 100 companies in India, and may partner with India's Long term Accommodation Committee for Haj pilgrims.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

The sale is the latest step in Park's asset-light strategy.

Ahead of the Israel Hotel Investment Summit, Christian Michel, VP of development for Wyndham Hotels & Resorts, talks about the value of brands.

Meliá Hotels International still expects to see a “moderately positive year end” after EBITDA drop, pulled down by lower capital gains against 2018.