News & Stories
Muscat. In many aspects Oman develops similar characteristics and dynamics than other Middle East hotel markets. The sultanate of Oman under Sultan Qaboos sees a lot of potential in the hotel and tourism industry. Approximately US$5 billion will be invested in the tourism sector across Oman between 2005 and 2010. HVS International analysed the market*.
Dornbirn. Two large hotel projects are to be realized in the Rheintal, Vorarlberg. Austria's first Four Points by Sheraton is to be completed soon, right next to the Dornbirn Trade Fair. A novel motel concept is also to follow.
Hamburg. Even the tourist industry has meanwhile come to feel the full effects of increased thrift. In 2005, German holidaymakers choose their holidays almost exclusively according to value for their money - and thereby paid more attention to price. The BAT Leisure and Tourism Research Institute in Hamburg asked 3,000 people about the criteria under which they selected their holiday destination for 2005.
London. Le Méridien Hotels & Resorts are continuing their worldwide expansion unbridled. The takeover of the deeply indebted group is imminent; nevertheless, 21 openings have been announced for the period up until early 2007.
Dubai. A new superlative in Dubai is “made in Germany”: A German fund will build a 1,050-room hotel, the biggest in Dubai. Radisson SAS will be operating the “Dubai 1000 Hotel”.
Frankfurt/M. After fierce competition for the much sought-after hotel project in downtown Frankfurt between the old opera and Hochstrasse, the jury has now decided in favour of the consortia revolving around the operator Mandarin Oriental. It remains to be seen if that was the final word.
Augsburg. Further international hotel chains are moving into Arabia: Shangri-La opens a 680-room complex in Oman, Radisson SAS a 251-room hotel in Dubai and Moevenpick a residence in Doha.
Dubai. The luxury group Jumeirah International from Dubai is reducing its company name to "Jumeirah" with immediate effect. The top-notch hotels will change their name by the end of 2005, aiming at creating a strong brand presence for expansion on a regional as well as international level.
Dubai. Emirates, the Dubai-based international airline, will invest 142 million Dhs to build a luxury conservation resort in Australia`s Blue Mountains - its first such hospitality development outside of the U.A.E.
Moscow/St. Petersburg. The next international chain is flying its flag in Moscow: On July 18, Swissôtel Krasnye Holmy opens in Moscow – the first hotel of the Raffles subsidiary in Russia and Eastern Europe. Apart from that, Corinthia from Malta announced the expansion of Nevskij Palace in St. Petersburg to a 5-star hotel.