UAE families are reshaping summer travel, with outbound leisure spending up 48% and children influencing where money is spent. From soaring amusement park outlays to London trips and Dubai’s busy hotels, the hospitality sector is seeing family-centred experiences take priority, turning the summer into a peak tourism season.
AvalonBay Communities will join Bank of America’s Global Real Estate Conference on 9 September, while reporting that its Q3 Same Store revenue growth to August remains in line with expectations.
IHG Hotels & Resorts is set to launch its Garner brand in Southeast Asia with the upcoming opening of Garner Hotel Pattaya Central, expanding its midscale footprint in Thailand.
Petromaint has secured a $121mn maintenance contract at Iraq’s Zubair oilfield and is weighing further expansion into Algeria, underlining its drive to strengthen its position in the MENA energy services market.
Samty Holdings has sold two portfolios of newly built multi-family properties worth ¥49 billion to sovereign wealth funds, with the developer retaining asset management responsibilities following its privatisation by Hillhouse.
Cinnamon Hotels & Resorts has appointed Hishan Singhawansa as CEO, with a renewed focus on India as a central market, leveraging its flagship Cinnamon Life Colombo resort and sustainability-driven initiatives to attract travellers.
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