Rotana Hotels announced a 40 per cent growth over the past 18 months.
The group presently manages 17 properties throughout the Middle East, with several ongoing expansions, imminent openings and new properties under negotiation.
According to Selim El Zyr, president and CEO, "Our ultimate goal is to have a Rotana managed property in all of the major Middle Eastern cities, and that will be achieved within the next few years."
He noted that next year would maintain the same momentum, as more hotel projects are already in the final stages of negotiation and development.
Rotana has moved into resort development with the two resorts in Egypt, the Coral Beach Tiran in Sharm El Sheikh and the Coral Beach Al Arish.
Zyr said that negotiations were also underway for the development of resorts on the Jumeirah Beach Front and the Palm Island development in Dubai.
"Development is an ongoing process, to maintain competitive advancement one needs to work harder and smarter," Zyr said.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.