Louvre Hotels to announce MENA expansion plans at ATM 2016
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Louvre Hotels Group recently announced that it will open 11 new hotels in the region this year, including six hotels in the GCC.
The move forms part of an aggressive expansion plan that will see one the hotel group greatly increase its operational footprint in MENA to have 95 hotels and over 15,000 guest rooms under its regional portfolio by 2020.
The new openings in 2016, set to no less than 1,500 keys to the group’s existing inventory in the region – include three hotels in the Kingdom of Saudi Arabia and two each in UAE and Lebanon. The group will also open properties in Qatar, Algeria, Kyrgyzstan, Georgia and Tunisia this year.
“Increasingly, we are seeing that growth in the MENA hospitality market is being driven not by luxury or premium hotels, but instead by midscale and budget hotels at affordable prices,” said Amine E Moukarzel, president, Louvre Hotels Group MENA.
Comments are closed.