According to the findings of Bain & Company's Bain Luxury Study 2017 Spring Update, the global personal luxury market is expected to grow two to four percent this year, due to a firm Chinese purchasing rebound, among other factors.
Emirates SkyCargo has expanded its network of cargo destinations in the US with the launch of a new daily service to Fort Lauderdale, Florida which commenced December 15, 2016.
Fourzone Décor has signed a AED30million (USD8.16 million) hotel apartment project deal with Shine Properties.
Deutsche Hospitality has signed an agreement for its first hotel in Thailand, the five-star Steigenberger Hotel Riverside, set to open in Bangkok in 2019.
In 2016, Salalah Rotana Resort achieved a 20 percent rise in guest arrivals compared to 2015, attributed to strategic partnership deals with major regional and international tour operators.
Thrifty Car Rental UAE reported a 15 percent year-on-year increase in the number of customers from Europe in 2016, credited to its strong marketing campaign geared towards attracting this market.
Hilton Hotels & Resorts has announced unprecedented global growth and success in Europe, the Middle East and Africa (EMEA), where the chain has surpassed 100,000 open rooms, with 40,000 keys under construction and expected to open in next three years.
International Property Show 2017, which ran from April 02 – 04, at the Dubai World Trade Centre, coincided with when Kuwaiti investors are said to be more demanding regarding realty investments in Dubai in the form of villas, apartments and offices.