• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Thursday, March 4, 2021
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
No Result
View All Result
Home Hotel News ME

Ascott to open two new hotels in Saudi Arabia

Patrick Ryan by Patrick Ryan
April 24, 2018
in Hotel News ME, News
A A

The Ascott Limited (Ascott) has announced the opening of two properties in Saudi Arabia later this year – Ascott Corniche Al Khobar and Spectrums Residence Jeddah.

Spectrums Residence Jeddah
Spectrums Residence Jeddah

Vincent Miccolis Ascott’s Regional GM for the Middle East, Africa and Turkey, said: “This is an incredibly exciting move for the business and a stepping stone into one of the largest continents for growth opportunity.  Our venture into Africa stretches the global reach of Ascott to all continents, which is a major milestone for us.

“These exciting expansion plans follow an excellent year of growth in 2017, where The Ascott Limited increased its global portfolio from just over 51,000 units to nearly 70,000 units, through investments, management contracts and franchises.  While we aim to reach 80,000 units by 2020, we’re looking even further into the future, and target to double our portfolio to 160,000 units by 2023.”

The company’s first entry into Africa will see the opening of Kwarleyz Residence Accra in the capital city of Ghana in Q4 this year, ahead of Ascott 1 Oxford Street Accra in mid-2019. World Travel & Tourism Council forecasts Ghana’s tourism industry to expand 5.1% annually through to 2027, from a contribution to GDP of 7.1% in 2016.

 

 

 

Tags: ascottGCCHotel News Middle EastSaudi Arabiauae

Related Posts

Foxglove and Soho Beer Garden launch steak nights on Thursdays
Catering

Foxglove and Soho Beer Garden launch steak nights on Thursdays

March 4, 2021
Japanese restaurant ROKA to open its doors in Saudi Arabia this summer
Catering

Japanese restaurant ROKA to open its doors in Saudi Arabia this summer

March 3, 2021
LDC Kitchen + Coffee to host ‘Habibi-Q’ with Hattem Mattar
Catering

LDC Kitchen + Coffee to host ‘Habibi-Q’ with Hattem Mattar

March 3, 2021
Please login to join discussion

Trending

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021
Hotels

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021

by Dina Maaty
March 3, 2021

Read more
Award-winning Chef Heinz Beck to host one-off dinner series in Dubai
Catering

Award-winning Chef Heinz Beck to host one-off dinner series in Dubai

by Dina Maaty
February 25, 2021

Read more
Conrad Abu Dhabi Etihad Towers appoints new executive team
Appointments

Conrad Abu Dhabi Etihad Towers appoints new executive team

by Dina Maaty
February 23, 2021

Read more

Digital Magazine

Hotel News ME

Copyright © 2021
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect

Copyright © 2021
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In