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Sunday, 7 May 2017

Shurooq sees Dh830m in hotel revenues by 2019: CEO | GulfNews.com

Shurooq sees Dh830m in hotel revenues by 2019: CEO | GulfNews.com:

"The Sharjah Investment and Development Authority (Shurooq) expects hotel revenues in the emirate, which have been growing at 12 per cent per annum, to reach Dh830 million by the end of 2019, its chief executive officer (CEO) said on Sunday. In an email interview with Gulf News, ahead of the Euromoney Emirates 2017 conference, Marwan Jasem Al Sarkal, said the majority of the investments will focus on four-and five-star hotels, revenues from which accounted for 70 per cent of Sharjah’s gross domestic product (GDP) last year Hotel revenues are expected to reach Dh687 million by the end of this year, he added."



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