Middle East Hotel Sector Faces Crisis: 532,000 Rooms Impacted by Plummeting Visitor Numbers and Cancellations
📍 Saudi Arabia and Abu Dhabi have launched ambitious hotel investment programs, engaging major international groups like Accor, which operates about 290 hotels in the Middle East, including 85 in the UAE and 50 in Saudi Arabia. Accor's Middle East operations contribute 5% to its total fees. Amid regional tensions, the Fairmont The Palm in Dubai was affected by Iranian fire, causing minor injuries. Visitor numbers to the region are expected to drop, with many cancellations across 3,400 hotels.
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