Middle East

IFA Hotels & Resorts Earns Three Accolades At The World Travel Awards Africa & Indian Ocean

Jul 19th, 2010 | By Admin | Category: Destination Clubs, Fractional, PRCs, Middle East, Other International

KUWAIT (July 19, 2010) — It was a night of celebration and pride for Kuwait-based IFA Hotels & Resorts when two of their flagship southern African projects walked off with three prestigious accolades at the recent World Travel Awards Africa & Indian Ocean Gala Ceremony in Johannesburg. More than 1,200 senior industry leaders, gathered at [...]



Andaz 5th Avenue Opens Across From The New York Public Library

Jul 6th, 2010 | By Admin | Category: Destination Clubs, Fractional, PRCs, Middle East, USA & Canada

Dubai (July 6, 2010) — Hyatt Hotels & Resorts has announced that Andaz 5th Avenue, the second Andaz property in New York and the fifth in the collection, opened July 5, 2010. The Andaz philosophy is that guests should feel free to express their personal style in an atmosphere that fully embraces its locale. Andaz [...]



RCI enhances its portfolio in the Middle East with two new resorts

May 4th, 2010 | By Admin | Category: Middle East, New Affiliations, USA & Canada

PARSIPPANY, NJ (May 4, 2010) — RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of brands (NYSE: WYN), today announced the addition of two affiliated resorts to its worldwide exchange network – The Viking Club Hotel in Egypt and The Jdoudna Hotel in Syria.



RCI To Lead The Debate At Upcoming 2010 Arabian Hotel Investment Conference (AHIC)

Apr 6th, 2010 | By Admin | Category: Associations and Events, Exchange Companies, Middle East

PARSIPPANY, NJ (April 6, 2010) – RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of brands (NYSE: WYN), will partner with Middle East Economic Digest (MEED) and Bench Events, organizers of AHIC, to host industry leaders at the 2010 Middle East Shared Ownership Summit.
The Shared Ownership Summit is part of [...]



Egypt Tourism Report Q2 2010 – New Market Report Published

Mar 26th, 2010 | By Admin | Category: Industry Reports, Middle East

LONDON, ENGLAND (March 26, 2010) — Tourism Overview
The tourism sector appears to have emerged from the relatively sharp downturn that occurred in the first nine months of 2009. Official data show that foreign tourist arrivals declined by 2.3% year-on-year (y-oy) in 2009 to an estimated 12.4mn people. This is better than was generally [...]



Interval International Signs Emirates Vacation Club

Mar 14th, 2010 | By Admin | Category: Destination Clubs, Fractional, PRCs, Middle East, New Affiliations

MIAMI, FL (March 14, 2010) — Interval International, a prominent worldwide provider of vacation services and an operating segment of Interval Leisure Group, Inc., has announced the affiliation of Emirates Vacation Club, a private residence club in the heart of Dubai, one of the seven emirates of the United Arab Emirates (UAE).
The Emirates Vacation Club’s [...]



IFA Hotels & Resorts Launches Two New Products in Laguna Tower

Feb 27th, 2010 | By Admin | Category: Destination Clubs, Fractional, PRCs, Middle East

Loft Apartments and Private Residence Club Complete Tower’s Mixed-Use Offering
Dubai (Feb. 27, 2010) — IFA Hotels & Resorts (IFA HR) has announced the launch of furnished, freehold loft and duplex apartments and the addition of a luxurious Private Residence Club to its Laguna Tower in Dubai. Both products will be serviced and managed by the [...]



IFA Hotels & Resorts reports 11.4 Fils loss in First half Year

Feb 15th, 2010 | By Admin | Category: Finance, Middle East

KUWAIT (Feb. 15, 2010) — (IFA HR) today announced the company’s 1st half year results with a loss of KD 4,968,422 million (US$ 17,372,712 million). Shareholders’ equity of KD 66,129,532 million (US$ 231,230,225 million) compared to KD 66,893,521 million (US$ 244,851,834 million) for the same period last year. The company’s total assets have increased [...]



Porto Vacation Club with Three Resorts in Egypt Selects Interval International

Feb 2nd, 2010 | By Admin | Category: Exchange Companies, Middle East, New Affiliations

Miami, FL (Feb. 2, 2010) — Interval International, a leading global provider of vacation services and an operating segment of Interval Leisure Group (Nasdaq: IILG), is proud to welcome Porto Vacation Club to its exchange network. The vacation club initially will consist of units at Porto Marina, an exclusive, multi-use resort on Egypt’s Mediterranean coast, [...]



Cyprus Investment Festival to Launch in Qatar

Nov 17th, 2009 | By Admin | Category: Associations and Events, Destination Clubs, Fractional, PRCs, Middle East

Nicosia, Cyprus, November 17, 2009– In a changing world, ignoring new potential markets is not the smartest strategy.
If one pays any attention to people like Albert Einstein, they might remember to consider his words of wisdom when he said… “the definition of insanity is repeating the same processes over and over again, and expecting new [...]