In today's business landscape, sustainability has emerged as a pivotal factor influencing financial performance, whether it is at the design and construction process, during the in-use phase or the valuation and acquisition process. In this article, we explore the intricate relationship between sustainability and valuation creation.
The pressures weighing on the global economy persisted through the second quarter of 2023, with further interest rate increases, elevated inflation and a sluggish trade recovery contributing to challenging conditions.
A structural shift in Saudi Arabia's residential market sees demand for apartments outpace villas
With Saudi Arabia on its way to becoming a leading global destination, well-known hotel brands are working to establish their properties across the Kingdom as international arrivals are expected to reach 22.1 million by 2025.
Heat records, draught, floods, and forest fires this summer make it clear that we are living a climate emergency and that immediate and tangible action is needed to bring Tourism & Travel to Net Zero.
Designing to make spaces comfortable in all senses is an expertise that requires creative leadership and technical proficiency. It is crucial to have a design team that is able to introduce human comfort upon conception, rather than attempting to retrofit into an already defined hotel or resort model.
The global tourism industry is facing the perfect storm of ongoing uncertainty, amplified by troubling inflation, concerns about recession, geo-political uncertainty and increasing fuel prices
More than a century ago, Hilton was founded on the belief that our hospitality had the power to be a force for good in this world. That higher purpose continues to guide everything we do, including Travel with Purpose, our environmental, social and governance (ESG) strategy to drive responsible travel and tourism globally.
In the KSA and the wider MENA region, the mindful use of resources has become the key focus and secret for building a resilient hospitality industry where new ecosystems are created to develop business while protecting the environment.
We place sustainability at the core of Accor’s strategy, which means that we are encouraging each department, function, brand, and employee to challenge the “business as usual” mindset.
Despite the headwinds caused by the restrictions and travel embargoes imposed to control the outbreak, Qatar has demonstrated remarkable resilience to the economic turbulence caused by the pandemic.
Compass Project Consulting launched its quarterly construction costs benchmarking report that covers the UAE and KSA audience.
CEO, Dr Adel Ezzat “The hospitality sector is a national priority and a major contributor to achieving Vision 2030”. Group CEO praised Kingdom's achievements in Travel and Tourism Development Index issued by the WEF.
Accor, a world-leading augmented hospitality group, with over 420 hotels and resorts across India, Middle East, Africa and Turkey continues to expand and consolidate its support to the Kingdom of Saudi Arabia’s vision for 2030.
The number of branded hotel keys in the Kingdom of Saudi Arabia is set to reach 69,300 by the end of 2022, representing a 15 percent increase compared to the same period last year.