ADQ and ADNEC Group have signed definitive agreements for the strategic acquisition of a 40.5 per cent stake in Egypt-based Talaat Moustafa Group (TMG) Holding’s hospitality arm, ICON Group, through a capital increase. ICON is a leading player in Egypt’s luxury and upscale hospitality market, with a track record of building and owning some of the most celebrated luxury hotels in Egypt. The group owns four operational hotels – Four Seasons Cairo at Nile Plaza, Kempinski Nile Hotel Cairo, Four Seasons Sharm El Sheikh and Four Seasons Alexandria at San Stefano – and has three hotels and luxury residential real estate assets currently under development, such as the Four Seasons in Madinaty and Luxor and Radisson Collection in Marsa Alam, and one hotel under design, the Four Seasons at The Pyramids. ADQ and ADNEC will invest through a special purpose vehicle, with 49 per cent equity ownership by ADQ and 51 per cent equity ownership by ADNEC. The transaction represents a major foreign direct investment (FDI) in Egypt and marks a vote of investor confidence in the Egyptian tourism and hospitality sector. The investment by ADQ and ADNEC in TMG’s hospitality arm will be used partially to de-leverage the existing debt of ICON, with the remaining used for the acquisition of a stake through ICON in the portfolio of seven luxury heritage hotels owned by the Egyptian Government, for which definitive agreements have been signed. The seven hospitality assets include Marriott Cairo Omar Khayyam Zamalek, Marriott MENA House Cairo, Sofitel Winter Palace Luxor, Sofitel Legend Old Cataract Aswan, Steigenberger Cecil Hotel Alexandria, Steigenberger Hotel El Tahrir Cairo and Mövenpick Resort Aswan. Post-transaction, ICON will have a combined portfolio of 15 luxury and upscale …
Read More »Shangri-La Dubai Unveils the “Dragon Brunch” to Celebrate the Year of the Dragon!
Shangri-La Dubai proudly presents its newest culinary marvel, the “Dragon Brunch,” in commemoration of the auspicious Chinese New Year, heralding the Year of the Dragon. This gastronomic experience fuses the colourful traditions of Vietnam and China, inviting guests to immerse themselves in the vibrant cultures showcased at Hoi An and Shang Palace. The Chinese New Year and Lunar holidays hold profound significance for Shangri-La, rooted in its Asian origin. The launch of the Dragon Brunch resonates deeply with the brand’s heritage, marking a special tie-in to the new year and its cultural importance. In Chinese culture, the Red Dragon symbolises prosperity and good fortune, making it a fitting emblem for the Year of the Dragon in 2024. The colour red embodies strength and vitality, reserved for significant celebrations, signifying auspiciousness and life-generating energy. Vietnam on the other hand, hailed as the Land of the Blue Dragon, honours these mythical creatures as symbols of power and prosperity. The folklore narrates the union of Lac Long Quan, a dragon prince, and Au Co, a fairy princess, believed to be the ancestors of the Vietnamese people. Dragons in Vietnamese culture represent elements like clouds, rain, and water, signifying essential aspects of life. Eoin Whelan, Director of Food and Beverage at Shangri-La Dubai, expressed enthusiasm for the Dragon Brunch: “We’re excited to usher in 2024 with our signature brunch, blending cultures deeply associated with the Dragon and offering specialized cuisines essential for these celebrations. It’s a convergence of flavours, a celebration of cultures, and a feast for the senses.” The Dragon Brunch is a showcase of Hoi An and Shang Palace’s newly introduced menus, boasting an extensive range of beloved Asian delicacies. It’s the …
Read More »Sofitel Dubai Downtown recognized as hospitality partner at Arabian Travel Awards
Sofitel Dubai Downtown was recognized as hospitality partner of the sixth edition of the Arabian Travel Awards 2023. The award was received by Caroline Trichet, General Manager, Sofitel Downtown Dubai and the team. “Massive applause to the DDP Group team for flawlessly orchestrating the Arabian Travel Awards celebrating excellence in travel. It was a remarkable event! To be awarded the Best Luxury Hotel accolade is a humbling testament to our commitment to the art de recevoir, exceeding expectations and embodying the essence of “The French Way” hospitality excellence. It is a moment of immense honour for the entire team.” Caroline Trichet, General Manager, Sofitel Downtown Dubai
Read More »Amadeus brings travel technology expertise to membership in the Sustainable Hospitality Alliance
Amadeus has joined the Sustainable Hospitality Alliance (the Alliance) to bring its travel expertise to the table in the quest to support a more prosperous and responsible hospitality sector. As a leading, global player at the heart of the travel and tourism sector, Amadeus sees great potential to work alongside and connect with hospitality industry stakeholders and, together, contribute on the journey to the Alliance’s goal of Net Positive Hospitality – ensuring the industry gives back to destinations more than it takes. The Sustainable Hospitality Alliance, with donor members including 27 world-leading hotel companies with a combined reach of over 50,000 properties, brings together engaged hospitality companies and the wider hospitality value chain, such as owners, investors, and suppliers to address key challenges affecting people and places around the world related to hospitality. Through strategic initiatives and global networks, the organization develops practical programs to create a prosperous and responsible hospitality sector that contributes to a positive net impact on destinations. As part of its membership, Amadeus will hold a permanent position on the Senior Advisory Council that was established to provide strategic advice, create a network of influential leaders and drive change towards Net Positive Hospitality. Key areas of focus for Amadeus include education, accessibility and helping travelers and guests make informed decisions. Glenn Mandziuk, CEO, Sustainable Hospitality Alliance, says: “Having Amadeus’ broad, global travel expertise in the discussion with the Alliance is a game changer. Onboarding Amadeus to our Senior Advisory Council is an important step in tackling the challenges the hospitality industry faces. Having Amadeus as a member will help drive our collaborative approach on the journey to Net Positive Hospitality. The Alliance is built for the …
Read More »Emirates A380 returns to Vienna
Emirates is welcoming the new year in Austria with great news: From 21 February until the end of the winter flight schedule (30 March 2024), the flights EK127 and EK 128 which are currently operated by a Boeing 777-300ER aircraft will be upgraded to a three-class A380 aircraft, boosting capacity and adding more options for travellers to and from Vienna. Emirates’ flight EK127 leaves Dubai at 08:55hrs and arrives in the Austrian capital at 12:25hrs. The return flight EK128, departs Vienna at 15:10hrs and arrives in Dubai at 23:40hrs. All times are local. Emirates passengers travelling from Vienna will once again enjoy the unique experience offered by the world’s largest passenger aircraft, including First Class suites and shower spas, the onboard lounge and, of course, the best international and regionally inspired cuisine. The award-winning in-flight entertainment system ice offers up to 6,500 channels of on-demand entertainment. Elisabeth Zauner, Country Manager Emirates Austria, is delighted about the return of the Emirates A380 to Vienna: “The deployment of our A380 until the end of the winter schedule is a great milestone for us, which emphasises the importance of Vienna as a destination and as a departure point. We naturally hope that our flagship will return permanently in the future.” Vienna has had to do without the Emirates A380 since August 2022. With this change in the winter flight schedule, an expression of the airline’s dynamic and demand-oriented fleet planning, Emirates will now be the only airline to serve Vienna Airport with the two-deck fan-favourite A380. The evening flights EK 126 and EK 125 will continue to be operated as usual with a B777-300 ER.. In order to guarantee a particularly high standard …
Read More »Emirates flies Real Madrid in style ahead of the Spanish Super Cup in Riyadh
Emirates helped the iconic football club take to the skies in style and ‘fly better’ from Madrid to the Saudi capital on a specially planned charter flight, ahead of the Spanish Super Cup match. Onboard the special charter flight, Nacho Fernández, Eduardo Camavinga, Vini Jr., Luka Modric and other star players experienced bespoke inflight services to rest and recharge ahead of the match. A customized menu for the club featured creative culinary delights inspired by their trip. Specially branded touchpoints and meticulous attention to detail rounded off the inflight experience. The players were also spoilt for choice as they browsed their favourite shows, movies and music on Emirates’ ice inflight entertainment system. Emirates has been proudly supporting Real Madrid as its official partner since 2011, joining up fan experiences with the iconic club to reach its massive fanbase of over 500 million loyal followers around the world. The airline has helped connect Real Madrid on special flights for numerous tours, including sporting events staged in the Kingdom of Saudi Arabia. The airline will continue as the Official Main Airline Partner of Real Madrid until 2026, making it the longest shirt sponsorship in the history of LaLiga.
Read More »Banyan Tree Group announces a shift of its name to Banyan Group and unveils robust pipeline of 19 properties to debut in 2024
Banyan Tree Group is evolving its corporate umbrella brand from “Banyan Tree Group” to “Banyan Group”. This brand shift reflects the Group’s evolution into a dynamic, multi-brand hospitality powerhouse. Celebrating three decades of creating exceptional experiences across hotels, spas, residences, food and retail. Since 2019, the Group has doubled its brand portfolio, bringing its pioneering spirit, design-led experiences, and purpose driven mission to new destinations, including Banyan Tree AlUla in Saudi Arabia, Garrya in Kyoto, and Folio in Osaka, Japan, Dhawa in Ho Tram, Vietnam, Homm in Huzhou, China and Banyan Tree Dubai in the United Arab Emirates. 2023 also marks a year of strong and steady business performance that has surpassed pre-pandemic levels. Multi-brand Growth Continues in 2024 With 19 New Openings “As we celebrate the Group’s 30th anniversary and its evolution into Banyan Group, this milestone is not only testament to the Group’s enduring success in the hospitality industry but also sets the stage for an exciting future,” said Eddy See, President and CEO of Banyan Group. “This brand evolution reflects our portfolio transformation from a single luxury brand to the diverse offering we have today. Almost half of all countries we operate in carry a multi-branded presence, most of them high-growth travel destinations. With a keen eye on expansion, we are seizing new opportunities with our distinct brands, designed to meet evolving traveller preferences and needs in these dynamic markets.” Banyan Group currently manages 12 global brands, 75 hotels and resorts, over 60 spas and galleries and 14 branded residences across 22 countries. As part of a robust pipeline of properties, the Group’s expansion in 2024 will include 19 new properties and residences in Cambodia, China, Japan, South …
Read More »NEOM announces 450 meter high luxury mountain range, Aquellum
The Board of Directors of NEOM announced Aquellum, a luxury and experiential mountain resort space embedded within the mountains, and the latest striking addition to the ongoing regional development in northwest Saudi Arabia. With its foundations steeped in cutting-edge technology, avant-garde architecture and forward-thinking concepts, Aquellum will offer guests a taste of futuristic living through its array of pioneering experiences. Concealed from the outside along the Gulf of Aqaba coastline, Aquellum is hidden within a breathtaking, 450-meter-high mountain range and represents a futuristic ecosystem that is harmoniously integrated into the natural surroundings. Crafted to inspire originality and imagination, Aquellum will push the boundaries of conventional design and construction possibilities. To access Aquellum, visitors will embark on an extraordinary journey, beginning at the world’s first floating marina. Here, guests will board a specially designed vessel to enter Aquellum through a concealed underground canal, unveiling a hidden community that offers an incredible sensory journey. Once inside, visitors will be treated to an exhilarating, 100-meter-high vertical experience with an impressive courtyard space stretching from the water to the sky. This subterranean digitalized community creates vibrancy and interconnectivity through seamlessly blending hotel accommodation, apartments, retail spaces, leisure and entertainment zones and innovative hubs. A dynamic boulevard winds through the courtyard, connecting diverse social spaces, world-class hospitality, immersive arts, events, shopping and dining. A signature space, dubbed ‘The Generator’, houses unique research labs for disruptors, innovators, and creative thinkers, offering a platform where the future is reimagined. An omnidirectional internal transit system facilitates easy access to upper floors, transporting residents and visitors to their homes and hotels, ascending to rooftop gardens with breathtaking coastal views. Guided by its unwavering commitment to crafting spaces in nature that …
Read More »Marriott International and NEOM to bring apartments by Marriott Bonvoy to Sindalah
Marriott International has signed an agreement with NEOM to bring Apartments by Marriott Bonvoy to Sindalah, the luxury island destination in the Red Sea off Saudi Arabia’s northwest coast. Apartments by Marriott Bonvoy will offer premium and luxury apartment-style accommodations to meet the increased demand from families and younger travelers, who now seek more space and homely amenities when staying away from home. “Marriott International has deep insights into the continuously evolving preferences of global travelers. It positions them as a perfect partner for us as we look to develop an array of accommodation options to meet the needs of Sindalah visitors. We are excited to strengthen our partnership by introducing their new brand to the region, which will elevate the guest experience for a growing number of groups traveling together,” said Chris Newman, Executive Director, NEOM Hotel Division. “We continue to strengthen our collaboration with NEOM with the signing of our first Apartments by Marriott Bonvoy in the Middle East,” said Chadi Hauch, Regional Vice President, Lodging Development, Middle East, Marriott International. “We continue to see a growing desire for premium and luxury apartment-style accommodation among travelers. Apartments by Marriott Bonvoy will be a great fit for Sindalah which is anticipated to offer our guests and members exciting, year-long travel experiences on the island.” Designed to cater to travelers seeking more residential amenities, Apartments by Marriott Bonvoy Sindalah will feature units ranging from studios to one, two, and three-bedroom apartments, all equipped with a separate living room, full kitchen, and in-unit washer and dryer. The property, set to open in 2024, is also slated to offer a fitness center and swimming pool. “We are proud to be introducing the …
Read More »Kanoo Travel wins Best MICE tour Operator Middle East at Arabian Travel Awards 2023
Kanoo Travel wins Best MICE tour Operator Middle East at the sixth edition of Arabian Travel Awards 2023. The award was received by Aamit Gupta, Divisional Head, MICE & Holidays, Kanoo Travel and Aubrey Heldt, Divisional General Manager, Travel Operations, Kanoo Travel. “It is an honour to accept this esteemed award. This recognition is not just for me but for everyone who believes in the power and beauty of exploration. We are all adventurers at heart, drawn together by the magic that unfolds when we discover new places and forge new connections. A heartfelt thanks to my community, supporters and fellow explorers,” shared Fawad Kanoo, CEO, Kanoo Group.
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