HMH Consolidates its Grip on KSA With More Keys in the Kingdom
Date Posted: 03-05-2011
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| From left Mr. Ammar Kannan, Akram Shaar, Michel Noblet, Tarek Abu Yousef, Hameed Al Alawi at Arabian Travel Market | ||||||
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HMH – Hospitality Management Holdings continues its exponential growth in Saudi Arabia with successful completion of seven hotels scheduled to open shortly. The upcoming hotels represent three of the group’s four brands serving luxury and mid market segments and will increase the existing HMH inventory of rooms in KSA by nearly 44%.
Michel Noblet, President & CEO, HMH, said, “The new hotels will give us greater access to the Saudi market that is growing quickly as demand for rooms soars. STR Global’s February 2011 report for KSA revealed a significant increase in occupancy and RevPAR in the country. Overall, Saudi Arabia saw occupancy rates rise by more than nine per cent, ADR rates increase by nearly 10 per cent and RevPAR soar by nearly 20 per cent. Our new properties are ideally placed to take advantage of this growth and are an excellent representation of our brands offering world-class business and leisure facilities”. |
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| For media contact:
Hina Bakht |
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