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Kuwait, March 2004: Results in a leading hospitality consultancy
survey revealed this week that Kuwait City has jumped to top spot in worldwide
rankings for hotel occupancy rates in 2003 � and achieved second place
for revenue per available room (RevPAR) as well as third-place ranking
for average room rate.
Yaghi said the results also underpinned the wisdom of Le Meridien�s strategy in partnering with the A�amal Holding to undertake a phased development of hospitality projects in Kuwait. �After refurbishment and relaunch of the former Ritz Hotel as Le Meridien Kuwait, we now have Le Meridien Tower Kuwait scheduled to open soon as the first hi-tech boutique property in the region � and this will be followed within two years by further hotel, residence and conference centre projects,� he said. �Where once there was very little choice for the business traveller in Kuwait, now the market is maturing and we are seeing growth in all sectors of the hotel industry, from budget names to residences, resorts and more.� Kuwait�s nearest rivals in the global hotel occupancy stakes were Brisbane and Perth in Australia, both of whom scored just under 80 per cent, while the region, Dubai achieved the second highest ranking at fifth place. Le Meridien has a joint venture with A�amal Holding to open four hotels and a conference centre in the state, and, following the opening of Le Meridien Kuwait early last year, it will introduce the second phase of expansion with the opening of the 70-room Le Meridien Tower Kuwait soon, with a third hotel in the Mubarakia area next year. London-based Le Méridien is a global hotel group with a portfolio of 130 luxury and upscale hotels (34,000 rooms) in 56 countries worldwide. |
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Le Méridien Hotels & Resorts Ltd www.lemeridien.com |
Also See | Hannes Yaghi Highlights Le Meridien�s Policy for Six New Projects in Kuwait / June 2003 |
Kuwait - A Market Profile / May 2002 |