The improving economies of Armenia, Georgia and Azerbaijan present opportunities to grow tourism and hotel projects.
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Abandoned ‘ghost town’ holiday resort with seven-star hotel owned by King Charles
The luxury Golden Sands Hotel remains as the centrepiece of the Cypriot town of Varosha, which was evacuated in 1974 due to fighting between Greek and Turksih Cypriots.
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To the east of Europe, Romania is now opening up as a new destination for EU travellers, with hotel brands following the money.
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InterGlobe forays into international hospitality
InterGlobe Enterprises recently announced the launch of Miiro, a new lifestyle hotel brand with a distinctive collection of individually designed hotels in the heart of Europe’s most vibrant cities, each with its unique culture, history, and…
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Hilton aims to double African hotel portfolio
Hilton, the US multinational hospitality company, has ambitious plans to expand in Africa, as Andreas Lackner, vice president, operations, Africa and Indian Ocean, tells African Business.
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Wanderlust: Upcoming investments in Romania’s luxury hotels
Recent news underlined that by 2028, Romania was set to inaugurate 13 new five-star hotels, including prestigious brands such as Mondrian, Hyatt, and Kempinski. According to Mordor Intelligence, the Romanian hospitality industry is constantly…
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Egypt approves of LE 50B financing toward tourism sector to boost hotel room capacity
To bolster the tourism sector, the government recently gave the go-ahead to a new LE 50 billion initiative for building and operating new hotel rooms, including expansions of existing projects or converting closed buildings into hotel facilities…
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New Hyatt partnership adds glamping options
Hyatt has partnered with Under Canvas to launch glamping at 13 locations across the U.S., including Under Canvas’ new outdoor resort, ULUM Moab. The alliance provides World of Hyatt members with access to camping experiences across many U.S…
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Radisson’s Tim Cordon on regional strategy, opportunities and innovation
The COO – MEA & SEAP, Radisson Hotel Group, delves into its ambitious regional expansion strategies, the distinct challenges and opportunities across different markets.
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Investors weigh global options for hospitality success
Despite the wider real estate industry feeling the effects of high interest rates and a sluggish transactions market, hospitality remains a “relative outperformer against other commercial real estate verticals”, according to Bill Grice, head of CBRE…
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IHIF Asia slated for September 2024
This year’s regional forum aims to reassess models, consider progressive approaches, and diversify strategies as firms venture into new market segments.
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Small Indian hotels dream big with foreign locales
In June, global hospitality technology company Oyo launched its first luxury hotel in Dubai—Palette Royal Reflections Hotel and Spa—to strengthen its premium property portfolio in the Gulf region.
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Egypt’s Tourism Sector Prepares for Major Hotel Expansion
Egypt’s newly appointed Tourism and Antiquities Minister, Sherif Fathy, introduced a comprehensive plan to expand the country’s hotel capacity in anticipation of the surge in tourist arrivals.
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Inside European budget brand B&B’s entry into the US
France-based B&B Hotels, which launched into the U.S. lodging space this spring, intends to advance in the domestic market by keeping the same business model that works in Europe.
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James Bermingham of Virgin Hotels Collection on growth and synergies
Last year, Virgin Group combined its two hospitality businesses under a new parent brand, Virgin Hotels Collection. The consolidated portfolio comprises the Virgin Hotels brand and the company's ultraluxe Virgin Limited Edition properties. Hotels…
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NUMA Group Buys UK’s Lifestyle Apart Hotel & Serviced Apartment Brand Native Places
The NUMA Group, Europe's leading operator of a fully digitalised hospitality platform, today announces the acquisition of a lifestyle apart hotel brand Native Places from Native Holdings. NUMA Group has acquired 100% of Native Places the short-stay…
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Spain’s Eurostars seeks committed, cooperative investors
Eurostars Hotel Company is on the lookout for long-term and “hands off” investment partners as it launches into fresh markets from Eastern Europe to the Americas and points in between, according to Clara Lopez, the Spanish group’s director of…
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Steady growth in Vietnam’s tourism attracts interest from international hotel companies
Tourism in Vietnam has been witnessing steady improvement since the past two years. With its stunning beaches, tropical forests, rice terraces and verdant islets, the South East Asian country has something for everyone…
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