Warwick Hotels & Resorts Plans 25 hotels in MENA region by 2025
Warwick Hotels & Resorts (WHR), a global hospitality company present in 25 countries around the world, announced its expansion plans today at the Arabian Travel Market (ATM) for the Middle East and North Africa (MENA) region. Accelerating its expansion across the area, the group has set an ambitious target of 25 hotels representing 2,500 room by 2025. The company currently operates 16 hotels in the MENA region spread across Saudi Arabia, Qatar, Turkey and Lebanon, both in 4- and 5- star categories. In addition, it has a strong development pipeline with six new properties coming up in Saudi Arabia, Dubai, Bahrain and Lebanon.
Mr. Jamal Serhan, Senior Vice President and CEO MENA, Warwick Hotels & Resorts (WHR), stated: “We are focused on expanding our presence in the GCC in the 4- and 5-star segment, especially in Saudi Arabia with an overall target to reach 25 hotels by 2025 in the MENA region. The Kingdom, that commands a giant’s share of the Arab GDP, holds strong potential for the growth of tourism and hospitality sector in accordance with Saudi Vision 2030 and we are delighted to be part of it. New leisure and tourism facilities in KSA are forecasted to fuel domestic tourism at 8% per year until 2023 as well as boost international arrivals to 23.3 million. Hence, investment in Saudi Arabia is very important for us and will hold strong benefits for our company. We will be opening in Riyadh this year two hotels one with 100 rooms and one with 90 rooms. We also have another property coming up in Dammam with 105 keys.”
Elaborating on Warwick’s compelling brand proposition, Mr. Serhan stated, “Warwick Hotels & Resorts has a proven track record of over 38 years for delivering results and outperforming the very best in hotel management, starting from its first hotel, the iconic Warwick New York, acquired in 1980. Warwick has developed a collection of luxury hotels and resorts worldwide derived from its identity. It is our belief that the creation of a new hotel is an art form and not a science in standardization. Today, the Collection continues to grow around the world with a strong pipeline of new locations to be opened in North America; Middle