Russians attracted to UAE due to established luxury tourism product
An influx of wealthy Russians moving to the UAE will certainly do no harm for the nation’s economic prospects.
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Marriott to suspend all operations in Russia amid Ukraine crisis
The company paused new hotel openings and all future hotel development and investment in Russia in March this year.
IHG not to resume Russian investments in near future
The company closed its corporate office in Moscow but will continue to support its employees.
Franchise agreements create a moral dilemma for hotel chains in Russia
ayers in the hotel sector have benefitted from franchise agreements over the years. The model has allowed for rapid growth…
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Travel players cease trading in Russia as a result of ongoing conflict
The news of Russia invading Ukraine at the end of February triggered a number of international sanctions and cessation of…
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Major hotel chains suspend future development activities in Russia
The hospitality groups have closed their corporate offices in Moscow and are working to expand humanitarian efforts.
Radisson Hotel Group unveils new 169-room property in Russia
The group’s portfolio now has more than 43 hotels in operation and under development in Russia.
Raffles unveils plan to open multiple properties in 2021
In 2022, Raffles will debut flagship locations in Doha and Jeddah.