World & BusinessGulf hotel projects reportedly face delays, but investors stay interested
The Economic Times reports that Indian Hotels Company is delaying some projects in Saudi Arabia and Bahrain while assessing new opportunities in Oman and Dubai.
TLDR
Hotel operators are adjusting their Gulf expansion plans in response to regional conflicts and disruptions, The Economic Times reports. Indian Hotels Company is delaying some Saudi Arabia and Bahrain projects, and other chains also face delays. The report says investor interest remains strong, with talks for new projects continuing in several Gulf markets.
Gulf hotel projects reportedly face delays, but investors stay interested
The Economic Times reports that Indian Hotels Company is delaying some projects in Saudi Arabia and Bahrain while assessing new opportunities in Oman and Dubai.
TLDR
Hotel operators are adjusting their Gulf expansion plans in response to regional conflicts and disruptions, The Economic Times reports. Indian Hotels Company is delaying some Saudi Arabia and Bahrain projects, and other chains also face delays. The report says investor interest remains strong, with talks for new projects continuing in several Gulf markets.