Thu, 2 May 2019

Warwick Targets 25 Hotels by 2025

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.

The Warwick Hotels & Resorts ATM Team 2019. Click to enlarge.

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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