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FINANCIAL NEWS
Hilton to expand presence in Ras Al Khaimah
13 Jun 2011
(MENAFN) Hilton Worldwide, Arabian Peninsula and Indian Ocean’s vice president of operations, Essam Abouda, said that as Ras Al Khaimah (RAK) would boost tourism to make up fifth of its economy by being a cheaper alternative holiday destination to Dubai, Hilton would expand its investments in the emirate, reported The National.
Abouda added that Hilton had three hotels in RAK, more than it had in Dubai or Abu Dhabi, moreover, in 2012, the company would launch its Waldorf Astoria luxury hotel in the emirate, which would be its first property under the brand in the UAE.
He also said that the US company’s hotels’ occupancy in Ras Al Khaimah reached around 85 percent in the first quarter of 2011, whereas in 2010, the occupancy levels at Hilton’s hotels in the emirate averaged 70 percent, hosting about 80,000 guests in total.
It is worth noting that recently, Ras Al Khaimah established its Ras Al Khaimah Hotels and Tourism Development Authority to imply the ambitious growth targets of its tourism industry, with a ten year plan to invest hundreds of millions of dollars into hotel and tourism projects.
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