Tag Archives: 2027

Marriott International is set to strengthen its footprint along Egypt’s Red Sea coast through its involvement in the $1.1 billion Monte Galala Towers & Marina project in Ain Sokhna. The development will feature a portfolio of hotels and serviced apartments under Marriott’s management, integrated within a masterplan comprising 10 towers, a 150-yacht marina and a 28,000 sqm conference centre. The project underscores growing investor confidence in the Red Sea as a year-round destination, positioning the destination to attract both high-end leisure travellers and business events, further diversifying Egypt’s tourism offering.

Building on the forthcoming reopening of Mandarin Oriental Shepheard, Cairo in 2027, Mandarin Oriental announced a significant expansion of its presence in Egypt through a distinctive collection of experiences. The Group will assume management of two iconic properties in Luxor and Aswan, both of which will undergo significant renovation before reopening in 2027. Complementing these landmark hotels, Mandarin Oriental will introduce its first luxury river cruise, owned and developed by K.G. Company for Real Estate and Tourism Investment, part of Garranah Group, and operated in partnership with Mandarin Oriental. Together, the hotels and cruise form a fully integrated, destination-led journey between Cairo, Luxor and Aswan. The cruise will offer an immersive voyage between the two cities and stands as a defining expression of Mandarin Oriental’s commitment to exceptional, culturally rooted experiences. Bringing together two storied hotels and the Group’s first luxury river cruise offering, this carefully crafted portfolio creates a seamless journey that unites land and river under the Mandarin Oriental brand, celebrating Egypt’s culture and historical richness. In Aswan, Mandarin Oriental will assume management of the historic Old Cataract hotel from May 2026. The hotel will continue to welcome guests within its heritage building while a comprehensive renovation of the Nile Wing is undertaken. The entire property is scheduled to be completed in July 2027, joining the Mandarin Oriental portfolio as Mandarin Oriental Old Cataract, Aswan. Perched above the river and facing the Temple of Khnum, the hotel will feature elegant rooms and suites, six dining venues, The Spa at Mandarin Oriental and spaces designed to foster reflection and a deep connection with the surrounding landscape. In Luxor, the iconic Winter Palace will close in early 2026 to begin …

Stirling Hospitality Advisors revealed in their report that Ras Al Khaimah is entering a new phase of its tourism and investment cycle, where demand growth is set to outpace hotel supply from 2027 onwards, creating a clear and time-sensitive opportunity for investors. The report shows that 2025 marked a structural change for the Emirate’s hospitality market, as growth shifted decisively toward higher-value, international demand. Occupancy reached 75.0%, while average daily rates climbed to AED 618.1, driving RevPAR growth of 11.5% year-on-year. Total demand reached 4.8 million room nights, generating AED 1.06 billion in room revenue and AED 1.72 billion in total hotel revenue, up 12% compared to 2024. This performance positioned Ras Al Khaimah as the third-best RevPAR performing hotel market in the UAE and fifth across the Gulf, reinforcing its progress toward the 3.5 million annual visitor target by 2030 and highlighting a structural shift toward more resilient, quality-led growth. The growth of Ras Al Khaimah’s hospitality sector continues to be premium-led, with five-star hotels accounting for more than half of existing keys. While development momentum remains strong with over 2,000 keys announced in 2025 and around 2,500 keys scheduled by 2027, upcoming supply is strategically concentrated on the luxury market. The three- and four-star segments continue to be a key area of opportunity for emirate wide tourism diversification, supported by healthy, although still undersupplied pipeline activity, and a progressively diversifying demand base. A prominent finding of the report is the emerging demand–supply gap, with cumulative demand forecast to exceed supply by approximately 1,300 hotel keys by 2030. Undersupply is expected to begin materialising from 2027 onwards, creating a defined investment window for projects delivered between 2026 and 2029. …

Hilton announced the signing of Hilton Garden Inn Riyadh Olaya and Hampton by Hilton Riyadh Olaya in partnership with Saleh Abdulaziz Al Rajhi & Partners Co. Ltd. The two focused-service hotels will cater to the increasing demand for high-quality, value-driven accommodation in the Saudi capital among both business and leisure travellers. Strategically located along Olaya Street, one of Riyadh’s most prominent commercial districts, the properties will offer convenient access to key corporate, retail and entertainment destinations. Carlos Khneisser, Chief Development Officer, Middle East and Africa, Hilton said, “Saudi Arabia continues to present tremendous opportunities for growth, driven by a clear and bold vision. We are delighted to partner with Saleh Abdulaziz Al Rajhi & Partners Co. Ltd. to strengthen Hilton’s midscale offerings in the Kingdom as we continue expanding our portfolio beyond 100 hotels trading and in the pipeline, and deliver reliable and friendly stays that meet the evolving needs of today’s travellers.” Hilton Garden Inn Riyadh Olaya will feature 115 contemporary guest rooms and suites, designed with comfort in mind. Guests can enjoy an all-day dining restaurant serving freshly prepared meals, a stylish rooftop venue, and The Shop, a 24-hour retail space for snacks and essentials. The hotel will also offer flexible meeting rooms, a fitness centre, and an outdoor pool. Located near Tahlia Street, the property’s modern architecture and inviting interiors will create a bright, welcoming atmosphere, perfectly suited for corporate and leisure travellers seeking convenience and quality in the heart of Riyadh. Hampton by Hilton Riyadh Olaya will offer 77 thoughtfully designed guest rooms, delivering the brand’s signature reliable essentials and friendly service. A complimentary hot breakfast, a vibrant social lobby, and access to a well-equipped fitness …

Aleph Hospitality signed a hotel management agreement with Area Investment and Real Estate Development to operate its first hotel in Dammam, Saudi Arabia. Scheduled to open in 2027, the 84-room hotel is located 30 minutes from King Fahd International Airport, Al Khobar, the Heritage Village and other local attractions in the city. Aleph Hospitality is currently in negotiations with hotel brands to secure suitable and international branding for the hotel. Present at the signing ceremony were Bani Haddad, Founder & Managing Director, Aleph Hospitality; Tariq Dowidar, Vice President Saudi Arabia, Aleph Hospitality, and Ali Alqadadi, Business Development Specialist. Featuring 84 well-appointed rooms and suites, two food and beverage outlets, a fully equipped gym as well as meetings rooms, open office spaces and a multi-purpose hall, the newly built hotel will provide all the facilities and amenities for today’s traveller. Tariq Dowidar, Vice President Saudi Arabia, Aleph Hospitality said, “We are thrilled to have been entrusted with the management of this outstanding new property in Dammam. We look forward to a successful partnership and to delivering outstanding value to the owners and an excellent experience to guests.” “This is a milestone development for us, and we are delighted to partner with Aleph Hospitality, the largest independent hotel management company in the region, known for its regional expertise and for delivering strong operational efficiency and ROI, “said Rakan Saeed Raddad, Executive Vice President of Area Investment and Real Estate Development.