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FINANCIAL NEWS
Jumeirah to double hotel portfolio by 2018
11 Feb 2015
(MENAFN) Disregarding geopolitical conflicts such as Ukrainian crisis and economic risks, Dubai-based Jumeirah Group is set to double its hotels portfolio to 42 by 2018, Emirates 247 reported.
The hotels operator relies mostly on its hotels for revenue, which are operating at ‘a very satisfactory’ 80 percent or higher occupancy, chief executive said.
Jumeirah currently has 22 hotels in its portfolio and is planning to open another one or two in 2015, and 20 in total by 2018.
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