Author: Abdul.Wasey

Riyadh : AviLease, the global aircraft lessor headquartered in Saudi Arabia, priced the offering of $650 million aggregate principal amount of 5.50% senior unsecured notes due 2031 (the “Notes”) by AviLease Capital Limited, a directly wholly owned subsidiary of AviLease, under its Global Medium Term Note Programme. The Notes will bear a fixed coupon of 5.50% per annum, payable semi-annually in arrears, and will mature in June 2031. The Notes will be fully and unconditionally guaranteed by AviLease, and by certain of its subsidiaries. The notes will be rated Baa2 by Moody’s and BBB by Fitch. AviLease intends to use…

Inbound tourists account for a fifth of all travellers, but generate nearly 60% of total tourism spend Makkah and Madinah hotels outpace other areas for occupancy and ADR 105,500 new rooms across 382 properties in Saudi hotel pipeline to 2030   Riyadh : Tourist spend in Saudi Arabia reached SAR82.7 billion in Q1 2026, with visitor numbers growing 8% year-on-year to 37.2 million during the quarter, says leading real estate advisory and hospitality sector consultancy, Cavendish Maxwell. Between January and March, the number of domestic tourists rose 16% to almost 29 million, accounting for 78% of all visitors, while inbound…

Dubai : New insights reveal that UAE travellers are increasingly embracing “Travel Maxxing” – a growing trend where trips are designed to maximise value, flexibility and experiences across every stage of travel, rather than focusing on a single destination, as Millennials and Gen Z prioritise more frequent, experience-led travel. Younger travellers are driving frequent, multi-destination travel The shift is particularly visible among younger travellers, with 48% of Gen Z globally saying they visited multiple countries on their last trip, reflecting a clear move towards multi-destination journeys that is also influencing outbound travel behaviour from the UAE. More broadly, travellers are adapting how they spend on travel, with 40% planning to increase travel spending in…

Makkah :  Jabal Omar Development Company, one of the leading real estate and hospitality developers in Makkah, will participate as a Strategic Sponsor of Future Hospitality Summit Saudi Arabia 2026, taking place from 22–24 June 2026 at Mandarin Oriental Al Faisaliah, Riyadh. The participation reflects Jabal Omar’s role in supporting Makkah’s hospitality growth and Saudi Arabia’s wider tourism ambitions under Vision 2030. Located next to Al-Masjid Al-Haram, Jabal Omar Destination brings together hotels, retail, pedestrian connectivity, mobility services, and visitor experiences in one integrated and developed destination serving pilgrims, Umrah performers, and visitors from around the world. As Saudi Arabia…

Airline honoured with top accolade for the 13th straight time Walks away with Best First Class and Best Airport Lounge Why Emirates keeps winning Best Airline Worldwide Dubai : Emirates has once again been honoured at the 2026 Business Traveller Middle East (BTME) Awards, securing the industry’s most coveted accolade—Best Airline Worldwide—alongside Best First Class and Best Airport Lounge in the Middle East for its First Class Lounge at Dubai International Airport. The long-running Business Traveller Middle East Awards are among the region’s most respected travel industry honours, recognising excellence across the business travel sector, with winners determined through nominations and…

Alfa Co. is proud to announce the opening of Chinese Palace / Onami at Anas Bin Malik — a unique dining destination bringing together the very best of Chinese and Japanese cuisine under one roof. This new concept blends the bold flavors of China with the artistry of Japan, creating a restaurant where guests can enjoy fresh sushi, rich and flavorful ramen, authentic Chinese specialties, wok-fried favorites, noodles, dumplings, and much more — all in one vibrant, welcoming atmosphere. Built around what today’s guests value most — quality, value, and atmosphere — Chinese Palace / Onami offers an extensive menu…

As Rotana confirms a 10-property pipeline and a strategic MoU with the Saudi Tourism Authority, the group positions Saudi Arabia as its most active development market outside the UAE Riyadh :  Rotana, one of the leading hotel management companies in the Middle East, Africa, Eastern Europe and Türkiye, is reinforcing its long-term commitment to Saudi Arabia, the group’s second largest market after the UAE, with the confirmation of a 10-property development pipeline, representing 1,314 keys and a target of 23 hotels across the Kingdom by 2027. Alongside this expansion, and on the sidelines of the Future Hospitality Summit, Rotana also…

Riyadh : The Future Hospitality Summit (FHS) Saudi Arabia 2026 is officially under way in Riyadh, convening industry leaders, decision makers and investors at KSA’s most influential hospitality investment conference. Taking place at the Mandarin Oriental Al Faisaliah, Riyadh, 22-24 June, FHS Saudi Arabia 2026 is held under the theme, ‘Where opportunity meets capital’, with an action packed programme featuring more than 150 speakers addressing the full spectrum of hospitality investment. The Official Opening of FHS Saudi Arabia was delivered by HRH Prince Turki AlFaisal Bin Abdulaziz Al Saud, Chairman of Board of Directors, King Faisal Center for Research and…

Company secures #1 rankings in Saudi Arabia, Oman, Qatar, Bahrain and Jordan, with further recognition in Kuwait and the UAE in the 2026 Great Place to Work rankings   How IHG earned its Great Place to Work rankings Riyadh : IHG Hotels & Resorts, one of the world’s leading hotel companies, has been recognised as a top employer across the Middle East in the 2026 Great Place to Work rankings, reinforcing its strong people-first culture and employer brand across one of the company’s most important growth regions. With IHG’s accelerated expansion across the Middle East, attracting, developing and retaining talent…

Ras Al Khaimah :  Ras Al Khaimah Tourism Development Authority (RAKTDA) and Huawei Mobile Services (HMS) have signed a Memorandum of Understanding (MoU) at Huawei Developer Conference (HDC) 2026, strengthening a partnership that began in 2024 and establishing a framework for deeper collaboration across destination marketing, digital content development and tourism innovation. Building on two years of successful collaboration, the agreement reflects a shared commitment to leveraging technology, data and digital platforms to enhance destination visibility, strengthen traveller engagement and support tourism growth. The MoU outlines opportunities for cooperation across destination content, marketing initiatives and tourism experiences enabled through Huawei’s…