Rotana has announced that it will embark on a 750 million USD investment managed by Rotana to open in 2012, helping the group to maintain its position as the largest hotel brand in the region. The hotel management group will open 7 new hotels in 2012 including its first properties in Bahrain & Jordan and its second hotel in Qatar and will expand its portfolio in the UAE with four additional hotels. The expansion plans will see Rotana managing around 14,000 rooms across its properties by the end of 2012, and Rotana also expects a 6% occupancy rate growth next year across its portfolio of hotels in the region when compared to 2011’s figures.
Recent figures from the Hotstats survey of full-service hotels by Hotels TRI Hospitality Consulting show a robust and growing Middle East hospitality sector. Abu Dhabi reported a surge in occupancy in October while hotels in Dubai were as full as they were in 2007. Abu Dhabi registered the largest increase in occupancy in the region, growing 9.7 percentage points to 82.8% in October 2011 and moving closer to Dubai which saw occupancy increase to 87.3% during the month.
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