Riyadh – Mubasher: Saudi Arabia-based Abdul Mohsen Al Hokair Group for Tourism and Development Company has raised its hotel rooms’ portfolio by about 25% to reach 5,661 rooms, up from 4,548 in a year.
This expansion is part of the firm’s strategic plan to boost its leisure destinations and gateway business in the Middle East, Al Hokair said in a statement on Sunday.
“Our partnership with global hospitality brands such as Marriott International, IHG, ACCOR Hotels, Radisson Hotel Group and HILTON gives us a unique edge over the competitors while leveraging Al Hokair Group’s position as a market leader in the hospitality industry,” Al Hokair Group’s managing director Sami Al Hokair commented.
The new rooms added to the Group’s portfolio will contribute to raising the company’s market share in the hotel sector, in addition to generating large revenues, Al Hokair’s CEO Omar Samara stated.
“Our long-term strategic partnerships are founded on compelling value propositions and business transparency,” Samara added.
Al Hokair Group is investing largely in training and hiring the Saudi citizens in the hotel sector, Haitham Murad, managing director of the hotels division noted.
Abdul Mohsen Al Hokair Group for Tourism last reported a sharp decline in profits by 93.1% to SAR 8.7 million for the full year 2017, from SAR 126.3 million in the year before.
