This is a collection of the most creative restaurant designs in the world, from risky and modern to traditional and laid back. This compilation of vivid photographs and detailed layouts gives examples ...
Citing "reduced visibility on hotel trading performance," Kingdom Hotel Investment (KHI) has suspended its RevPAR guidance until a clearer picture of the business environment emerges. KHI officials say acquisition activity will be at a standstill until the second half of this year at the earliest. Capital is being reallocated from early-stage development projects to operating assets. Included in the list of initiatives that have been cancelled or put on hold are expansion/development plans for hotels in Langkawi, Da Nang, Phang Nga and Uganda, as well as advanced construction activities at the remaining five development projects (Four Seasons Beirut, Four Seasons Marrakech, Raffles Seychelles, Fairmont Raffles Hotel and Residences Makati, Movenpick Ambassador Accra). But that doesn't mean KHI won't continue to be opportunistic regarding the hotel sector. "Looking ahead KHI is well placed to weather current markets and take advantages of opportunities as and when conditions begin to improve," says Sarmad Zok, ceo.
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