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  • 26-10-14

    French Accor expects UAE revenue to grow 10-11 percent in 2014

    (MENAFN) Accor, the French hotel group, said it is expecting a growth in revenue by 10-11 percent in the United Arab Emirates in 2014 compared to last year, and that they are targeting a growth of 12-15 percent in their revenue in 2015, Gulf News reported.

    These expectations come as a result of Accor reaching its target of having 100 hotels in the Middle East, with 66 operational hotels and 34 under development, which are due to open in two to three years.

    Accor operates hotels in Dubai, Abu Dhabi, Fujairah and Al Ain, with 15 hotels in Dubai, five of them being under construction and due to open between 2015 and 2017 including the Pullman Hotel in Jumeirah Lakes Towers, Ibis at the Dubai World Trade Centre District, Ibis Styles Business Bay and Ibis Styles Dragon Mart.

    In addition to these hotels, the group is also interested in operating upscale, mid-scale and economy hotels in Dubai Holding's project, Mall of the World, which will be connected to 100 hotels.

    "There is room for growth in Dubai for all market segments but the five-star upscale segment, which is already well-served, will progress less than the mid-scale segment," Accor's CEO for the Middle East said.

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