Asia and South America are drivers for growth in the hotel sector in the Gulf, particularly for Dubai, where demand is only limited by the number of available airline seats, senior hotel officials......
A booming tourism industry in the country has prompted over a dozen global chains -- including the Hilton, Accor, Marriott International, Berggruen Hotels, Cabana Hotels, Premier Travel Inn and......
The country is presently facing a shortage of 1.1 lakh rooms. It is this massive gap between demand and supply that is enabling hotels to increase their average room rates by almost 18-22 per cent......
The government is considering opening up foreign direct investment in real estate. According to officials, investment proposals are likely to be sanctioned on the basis of construction area with a......
Global Hyatt Corporation, a US-based premier hotel chain operator, has announced an expansion initiative involving the erection of 20 new hotel properties in the next five years. It also signed a......