Breaking Travel News

Arabian Hotel Investment Conference News

Cautious optimism returns to Arabian hospitality

5 May 2009 Press Release Tourism News

Cautious optimism was the mood of delegates as the fifth Arabian Hotel Investment Conference drew to a close at Dubai’s Madinat Jumeirah Convention Centre.Relative to the rest of the world, the Middle East hotel industry is riding the global downturn well and can look forward to a renewed momentum and resumed growth within two years, according to top hotel executives.

Starwood Continues Middle East Expansion

5 May 2009 Press Release Airline News

From the Arabian Hotel Investment Conference (AHIC) in Dubai, Starwood Hotels & Resorts Worldwide, Inc. announced today the signing of a hotel within The Luxury Collection brand in Ajman, United Arab Emirates. The new-build, 207-room property is expected to open in 2012, and is illustrative of Starwood’s market leading growth in the region and around the world.

GCC resilient in global downturn

3 May 2009 Press Release Hotel News

Speakers at the fifth Arabian Hotel Investment Conference laid out a bleak picture of the crisis facing the global hospitality sector for 2009, but stressed that recovery was expected within two years and the current situation opened opportunities for the long-term future. While development in the hospitality sector is predicted to slow to two percent in the Middle East, according to UNWTO figures, following several years of double digit growth, the region is still expected to be the top performer worldwide in 2008/09, according to Marvin Rust, Global Managing Partner Hospitality for Deloitte.

Time is right for hospitality investment

30 April 2009 Press Release Hotel News

Ahead of what may be one of the most challenging summers in the global hospitality sector, Jonathan Worsley, co-organiser of the upcoming Arabian Hotel Investment Conference (AHIC), stressed that it is still the time to encourage and foster more investment activity.Jonathan Worsley stated that governments must get more involved to ensure sector growth and sustainability.

Sol Kerzner to present Sultan Ahmed Bin Sulayem with AHIC Leadership Award

22 April 2009 Press Release Travel Events News

Hotel legend Sol Kerzner is set to present His Excellency, Sultan Ahmed Bin Sulayem, Chairman, Dubai World with the AHIC 2009 Leadership Award at the forthcoming Arabian Hotel Investment Conference.Bin Sulayem, who is frequently acknowledged by the real estate and hospitality industries for his role in steering growth in the region, has been singled out by the hotel investment sector in recognition of his contribution to the growth of Dubai.