Abdul Mohsen Al Hokair Group for Tourism and Development Company plans to uncover its expansion projects for the MENA Hotels & Resorts brand in the Middle East during the Arabian Travel Market (ATM) exhibition in Dubai.
MENA Hotels & Resorts includes seven hotels with 1,015 rooms which are located across Saudi Arabia, Jordan, and the UAE, with expectations to raise its number of hotel during the coming year, according to a statement.
Al Hokair Group has ambitious long-term sustainable plans for expansions to diversify its brand portfolio with a main focus on larger markets, commented Sami Al Hokair, managing director at Al Hokair Group and MENA Hotels & Resorts brand.
“The service excellence seamlessly translates into every aspect of MENA Hotels & Resorts, ensuring the highest quality and standards at all our hotels,” the group’s co-founder and regional director of MENA Hotels & Resorts Fadi Mazkour stated.
The Arabian Travel Market exhibition will run from 22 until 25 April in Dubai, where many companies from across the GCC, including Abdul Mohsen Al Hokair Group for Tourism and Development Company, will be participating.
The Saudi firm owns more than 80 entertainment centres, in addition to over 40 hotels with more than 5,000 rooms spread across Saudi, Jordan, and the UAE. It provides services to more than 12 million clients on a yearly basis.
Abdul Mohsen Al Hokair Group for Tourism last reported a sharp drop in profits by 93.1% to SAR 8.7 million for the full year of 2017, from SAR 126.3 million during 2016.
By 12:25 pm Saudi time, the stock rose 1.69% to SAR 22.20.