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FINANCIAL NEWS
UAE’s Jumeirah Group to double hotels by 2012
25 Oct 2011
(MENAFN) Jumeirah Group’s executive chairman, Gerald Lawless, said that by early 2012, the luxury hotelier would increase its properties to the double, reported Emirates 24/7.
Lawless added that by the end of next year’s first quarter, the company would add 20 new hotels, as it would launch hotels in Kuwait, Majorca, and Azerbaijan, in addition to some projects in Europe.
He also said that around 20 percent of the group’s hotels’ visitors came from the UK, whereas 14 percent were from Russia, in addition to growing numbers from China.
It is worth noting that Jumeirah Group launched brand-managed hotels in Frankfurt, the Maldives and Shanghai recently, whereas it has a number of hotels in Dubai, including Burj Al Arab hotel and the Jumeirah Beach Hotel.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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