IHG to open two hotels in Saudi Arabia
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International Hotels Group (IHG) plans to open two hotels in Saudi Arabia in 2013, said IHG India, Middle East and Africa COO Pascal Gauvin.
Planned openings in the Kingdom this year include Holiday Inn Riyadh Meydan and Crowne Plaza Riyadh – ITCC, as reported by Saudi Gazette.
Saudi Arabia and the UAE as two markets identified as the most opportunity for its Middle East business to grow in 2013. Eight hotels are signed and scheduled to open in Saudi Arabia by 2018, he noted.
“There is significant opportunity across the Middle East region. Two markets in particular stand out. Firstly Saudi Arabia offers a big opportunity, primarily in terms of the size of the market and its growth,” Gauvin said.
The second Middle East market Gauvin identified as having most growth potential over the year ahead was the UAE.