Hotel News

The transaction underscores the group’s commitment to tapping into the growing demand for upscale hospitality in Greece, a destination renowned for its rich cultural heritage, stunning landscapes, and thriving tourism sector.

The software streamlines hotel operations with integrated modules for channel management, booking engines, event management, revenue reporting, and guest CRM.

The breakdown comprises AED408 million (US$111.2 million) from room revenues, AED224 million (US$61.0 million) from food and beverage services, and AED50 million (US$13.6 million) from other revenue streams.

The new MiniApp provides convenient access to over 6,600 IHG hotels globally via LINE, Japan’s top messaging and lifestyle platform.

Visitor numbers from GCC countries rose by 6% year-on-year to 633,000, with Saudi Arabia maintaining its lead as the top source market, contributing 564,000 overnight tourists, an 8% increase from the previous year.

The growth was fueled by a 10.0% rise in stay unit nights sold and a 1.9% uptick in average income per stay unit night, indicating stronger demand and greater pricing power.

The draft regulations aim to restrict alcohol access for vulnerable groups, particularly youth, by focusing on hospitality and leisure venues like restaurants, public beaches, parks, sports facilities, and transport hubs.

Delegates concurred that Africa’s rich array of destinations, supported by modern infrastructure and strong management, offers significant potential for growth.

This represents a compound annual growth rate (CAGR) of 4.9% between 2025 and 2034.