World’s largest hotel operator sees growth in Saudi market

World’s largest hotel operator sees growth in Saudi market

The EMEA president of the largest hotel franchisor in the world stressed that the desire to travel has only intensified during the pandemic, especially with the vaccines becoming more widely distributed and governments increasing interest in health passports to facilitate safe travel.

However, the extent to which those policies will have an immediate positive impact in boosting the sector’s recovery will only be revealed in the next few months, according to Manikis.

But Manikis said: “We are seeing the recovery in certain markets already. For example, in the UAE, we see hotels with 65 to 85 percent occupancy, and rave parties are coming back.”