With aggressive expansion plans for the Middle East over the next few years, French hotel group Accor is likely to experience delays in its UAE projects this year owing to market factors including the ongoing political instability in the region, according to the company's top executive in the region.
The company has plans to open 23 hotels (comprising 5,891 rooms) in the Middle East until 2015, the bulk of which — 12 hotels — will be in the UAE, and of which 10 are due to open this year.
"Some of these hotels are already delayed. We were supposed to open some of these in 2011, but ended up opening just one hotel last year due to poor market conditions such as the Arab Spring," said Christophe Landais, Managing Director of Accor Middle East.
No comments:
Post a Comment