10
Mar

Hotel apartments have emerged as an increasingly popular option for business visitors

With residential rental rates in the city surging, hotel apartments have emerged as an increasingly popular option for business visitors seeking short-term accommodation. Thomas Kurian, an expert in the hospitality industry, said, “Dubai’s surging residential rents of up to 27.7% have made hotel apartments an increasingly attractive option for business visitors looking for short-term accommodation solutions. These hotel apartments offer all the conveniences of a traditional apartment rental, including additional amenities but with more flexible monthly payment options. For business and long-stay visitors, these short-term monthly options from hotels are especially appealing, as they avoid the hassles of long-term leases and rental brokerage fees. Additionally, hotel apartments located close to downtown Dubai and metro stations provide convenient access to the city’s business districts, making them a popular choice for corporate and long-stay travellers. With the summer months traditionally being a lean season for the hospitality industry, the rising demand for hotel apartments is a welcome change. These short-term rental options could potentially drive an increase in hotel occupancy rates for long-stay visitors and residents alike. Overall, the outlook for the hotel industry in Dubai remains positive, with hotels restructuring their rates to meet source market demands and expectations of staycations and long stays.” https://menews247.com/hotel-apartments-have-emerged-as-an-increasingly-popular-option-for-business-visitors/

24
Feb

UAE’s Leva Hotels announce ambitious expansion drive

Leva Hotels, the UAE’s homegrown hospitality brand, has announced the launch of six new properties across the GCC and Africa as part of its expansion plan. The new properties are part of an ongoing exercise that will see the dynamic lifestyle hotel brand modernize and manage a total of eight properties spanning Middle East and Africa by the end of 2023. “We are thrilled to be announcing the opening of six new distinct properties across key regions that we not only consider to be strategic to the overall growth of the company but also crucial to a growing segment in the hospitality sector that’s increasingly demanding for affordable yet comfortable experiences,” said J.S. Anand, founder and CEO, Leva Hotels and Resorts. In Saudi Arabia, Leva Hotels has inked two hotel management agreements with Jeddah-based Ekono by Leva Al Shati and three-star Ekono by Leva Jeddah Airport Hotel. As part of the deal, Leva Hotels will be responsible for overseeing the two properties’ service offering transformation which is in line with Saudi Arabia’s Vision 2030, which aims to attract 100 million visitors by 2030.Both properties are located at less than an hour from Makkah, and are perfect for pilgrims looking for comfortable and convenient hotel accommodation. In Nigeria, which has mostly lacked luxury hotels, Leva Hotels will be responsible for the transformation and management of Reiz Continental Hotel — a project under construction in partnership with Kostarget Projects and owned by Reiz Continental Hotels. As part of the partnership, the Lagos-based property will be positioned as an upscale five-star luxury lifestyle hotel with unique, contemporary, and cost-effective aesthetics including of five distinct food and beverage concepts and Leva’s F&B partner, Sven’s Baker’s Kitchen. Once fully operational, the new property is expected to serve as a key business and leisure destination. In Uganda, Leva Hotels has taken over the management of Kampala’s first boutique hotel, Emin Pasha Leva. Owned by The Emin Pasha Ltd, this property is now under renovation and will include Leva’s design infused with the region’s aesthetics, two important metrics that is expected to boost the hotel’s bookings. Leva’s foray into Africa’s hospitality industry will be boosted by its debut in Ethiopia with two strategic partnerships with Afrotsion Semera Resort and Harsade Harbour Resort. Ethiopia is globally known for its natural scenery including some of Africa’s less-known wildlife — an attribute that attracts scores of tourists to the region. The 60-key Harsade Harbour Resort will incorporate Leva’s key brand design elements and include five restaurants and three well-equipped conference halls. It is set to launch this year. https://www.khaleejtimes.com/business/uaes-leva-hotels-announce-ambitious-expansion-drive

23
Feb

Dubai room rates soar as hotels hit capacity

Thomas Kurian, hotel manager at Leva Hotels, said occupancy rates were currently the highest the year so far. “Due to the heightened demand for hotel accommodation during this period, our hotel on Sheikh Zayed Road close to the World Trade Centre has experienced a significant surge in prices, amounting to 40-50 per cent on previous weeks,” he said. “Similarly, a comparable trend in occupancy and rates has been observed across many other hotel areas around World Trade Centre, Business Bay and Downtown Dubai. "There has been a noticeable uptick in both occupancy rates and booking trends." Upcoming public holidays Mr. Kurian said bookings for Ramadan, Easter and Eid showed the positive trend was likely to continue. Dubai’s hospitality sector enjoyed a strong 2022 as tourism rebounded after the Covid pandemic. To keep pace with demand, an extra 48,000 new rooms will become available in the UAE by 2030, with Dubai providing 76 per cent of total supply. Last year, 14.36 million international visitors arrived in the emirate, according to Dubai’s Department of Economy and Tourism data, with The Palm Jumeirah a popular destination. Several new hotels have opened recently on the man-made island, including a new Marriott and Hilton on Palm West Beach. With public holidays due to begin in a few weeks, the busy period is expected to continue. “During the holy month of Ramadan, we expect our hotels to be busy, as well as benefit from strong group demand and family leisure business during some of the best weeks for weather in the year,” said Aligi Gardenghi, vice president, operations, Arabian Peninsula, Hilton. “We expect continued strong performance at our 35 hotels in the UAE in the coming months." https://www.thenationalnews.com/uae/2023/02/23/dubai-room-rates-soar-as-hotels-hit-capacity/

08
Feb

Dubai hotels to see surge in occupancy during Eid, says expert

"Post the pandemic, Dubai has probably been one of the fastest cities to open up in terms of trade and travel alike,” explained Thomas Kurian, Hotel Manager at Leva Hotels. Dubai hotels are expecting a 20% - 30% increase in occupancy soon after Ramadan, as the long weekend ties in with the peak travel period from Europe, said an industry expert." Post the pandemic, Dubai has probably been one of the fastest cities to open in terms of trade and travel alike. This quick action was further boosted by the Expo which resulted in an increase in tourism and a subsequent increase in hotel occupancy in 2022,” explained Thomas Kurian, Hotel Manager at Leva Hotels. “Dubai hotels ended 2022 with strong room revenue in December when occupancy hit 91 percent and the industry has managed to maintain these rates in the new year too. “, the talks of a looming inflation and subsequent recession is sure to change these dynamics as customers will become more conscious about their expenses and spending,” he added. “Further into the year, especially post-April as we enter the warmer months, we restructure our rates based on certain source market demands and expectations of staycations and long stay. “For now, hotels will maintain their rates up until Ramadan 2023. Outlook for Ramadan is very positive as the period is falling during the peak travel period from Europe and the extensive cultural experience planned for Ramadan in Dubai,” Kurian continued. “We are expecting a 15% - 20% spike in occupancy rates soon after Ramadan for the long weekend. This should be driven through the staycation and GCC travel demands. A subsequent small decline in rates and occupancy during the summer is expected. However, the positive changes in travel restrictions for certain source markets like China and the traditional summer source market will keep the positive momentum." https://www.zawya.com/en/business/hospitality/dubai-hotels-to-see-surge-in-occupancy-during-eid-says-expert-ytt0j6f8

08
Feb

Dubai hotels to see surge in occupancy during Eid, says expert

Dubai hotels are expecting a 20% - 30% increase in occupancy soon after Ramadan, as the long weekend ties in with the peak travel period from Europe, said an industry expert. "Post the pandemic, Dubai has probably been one of the fastest cities to open up in terms of trade and travel alike. This quick action was further boosted by the Expo which resulted in an increase in tourism and a subsequent increase in hotel occupancy in 2022,” explained Thomas Kurian, Hotel Manager at Leva Hotels. “Dubai hotels ended 2022 with strong room revenue in December when occupancy hit 91 percent and the industry has managed to maintain these rates in the new year too. “, the talks of a looming inflation and subsequent recession is sure to change these dynamics as customers will become more conscious about their expenses and spending,” he added. "Further into the year, especially post-April as we enter the warmer months, we restructure our rates based on certain source market demands and expectations of staycations and long stay. "For now, hotels will maintain their rates up until Ramadan 2023.  Outlook for Ramadan is very positive as the period is falling during the peak travel period from Europe and the extensive cultural experience planned for Ramadan in Dubai,” Kurian continued. "We are expecting a 15% - 20% spike in occupancy rates soon after Ramadan for the long weekend.  This should be driven through the staycation and GCC travel demands.  A subsequent small decline in rates and occupancy during the summer is expected.  However, the positive changes in travel restrictions for certain source markets like China and the traditional summer source market will keep the positive momentum. https://www.tradearabia.com/news/TTN_406186.html

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