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Warwick Hotels & Resorts has unveiled a target of
having 25 hotels, representing 2,500 rooms, by 2025.
The
company currently operates 16 hotels in the MENA region spread
across Saudi Arabia, Qatar, Turkey and Lebanon, both in the 4 and 5-star categories.
Warwick also has a development pipeline
of six new properties coming up in Saudi Arabia, Dubai, Bahrain
and Lebanon.
Mr. Jamal Serhan, Senior Vice President and
CEO MENA, Warwick Hotels & Resorts, said, “We are focused
on expanding our presence in the GCC in the 4 and 5-star segment,
especially in Saudi Arabia with an overall target to reach 25
hotels by 2025 in the MENA region. The Kingdom, that commands a
giant’s share of the Arab GDP, holds strong potential for the growth of tourism and hospitality sector in accordance with Saudi
Vision 2030 and we are delighted to be part of it. New leisure and
tourism facilities in KSA are forecasted to fuel domestic tourism
at 8% per year until 2023 as well as boost international arrivals
to 23.3 million. Hence, investment in Saudi Arabia is very
important for us and will hold strong benefits for our company.”
Warwick will this year open two hotels in
Riyadh, one with 100 rooms and the other with 90 rooms. Another
hotel will open in Dammam with 105 keys.
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