We plan to expand in 2024 - Central Hotels & Resorts
Central Hotels & Resorts, one of the largest hotel operators, plans to grow by 3.5% in 2024. The company also intends to expand and build hotels in other countries of Central and Eastern Europe.
GDNI Online writes about it.
In addition, Central Hotels & Resorts aims to establish itself in China and Central Asia, aligning its strategy with local trends and tapping into the enormous potential of these markets.
"2024 will be a year of unprecedented growth and strategic expansion. The positive performance of 2023, combined with our focused approach to key international markets, will ensure our success in the hospitality industry," said Abdullah Al Abdullah, Chief Operating Officer and General Manager of Central Hotels and Resorts Group.
In 2023, Central Hotels & Resorts was 94% occupied by tourists in December. This, in turn, increased the company's profits by 11%.
The peak month of occupancy in 2023 was November - 98%, which emphasizes the high demand for Central Hotels & Resorts services.
The company plans to expand by acquiring new hotels and building new facilities.