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Qatar's Hospitality Sector Set to Expand

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Qatar's Hospitality Sector Set to Expand BUSINESS | Page 1 SPORT | Page 1 Saudi Kenya’s Arabia is ‘fi rst Kipchoge foreign romps to Rio INDEX venue’ for DOW JONES QE NYMEX QATAR 2, 3, 20 COMMENT 18, 19 REGION 4 BUSINESS 1-5, 11, 12 Made in marathon 18,540.00 11,297.50 48.52 ARAB WORLD 4, 5 CLASSIFIED 6-10 Qatar -25.00 -22.89 +0.30 INTERNATIONAL 6-17 SPORTS SECTION 1-12 gold -0.13% -0.20% +0.62% Latest Figures published in QATAR since 1978 MONDAY Vol. XXXVII No. 10188 August 22, 2016 Dhul-Qa’da 19, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Qatar and Norwegian FMs confer Qatar’s In brief SYRIA | Fighting hospitality Rebels preparing to free IS town Syrian rebels are preparing to launch an attack to seize a town from Islamic State (IS) on the border with Turkey, a senior rebel said yesterday. The rebel sector set groups, fighting under the banner of the Free Syrian Army (FSA), are expected to assault Jarablus in the next few days, said the rebel off icial. Jarablus, on the western bank of the Euphrates river, is the last significant town held by the militant group on Syria’s border with to expand Turkey. It is 54km east of al-Rai, a border town FSA rebel groups recently took Doha saw an influx of 538 hotel The increase in leisure tourism will from Islamic State. keys in the second quarter of this be gradual over time, and will result in year a more diversifi ed demand base, reduc- AFRICA | Off er ing the risk of being reliant on one ma- Nigerian militants By Santhosh V Perumal jor segment, it said. Business Reporter Specifi cally on West Bay hotels, ‘ready for talks’ which currently has 4,178 hotel keys, Nigerian militants attacking oil predominantly 4- and 5-star hotels, installations in the Niger Delta have atar’s hospitality sector is set serving mostly corporate and govern- called a ceasefire and expressed a to witness strong supply ex- mental clientele; Colliers International willingness to negotiate with the Qpansion but slowing economic said the announced future hospitality government. “We are going to continue activity is expected to shift demand supply is overwhelmingly 5-star with the observation of our unannounced towards hotels off ering more aff ordable an expected average growth of 14% un- cessation of hostilities in the Niger room rates, according to a report. til 2018, with only one 4-star hotel an- Delta,” the Niger Delta Avengers HE the Foreign Minister Sheikh Mohamed bin Abdulrahman al-Thani met with Norway’s Minister of Foreign Aff airs Borge Brende Moreover, with the current trough nounced. group said on its website. “We will give in Oslo yesterday. They discussed bilateral relations, especially on energy, education and economy, and ways to advance them. in revenue available per room, hotels The high land cost makes it more our Niger Delta elders and genuine Sheikh Mohamed expressed Qatar’s commitment to enhancing co-operation with Norway. Brende highlighted Qatar’s regional in West Bay should focus more on food challenging for investors to consider stakeholders that tacit support to and international status, in addition to its role in promoting peace and enhancing stability. and beverages (F&B), which can ac- midscale hotels; hence no such projects go to the dialogue table with (the) count for as much as room revenue, or are announced in West Bay, according government and the multinational oil even more in some cases, Colliers In- to it. corporations whenever the enabling ternational said in a report. Finding that second quarter of this environment prevails,” a spokesman “Supply is expected to grow at a year saw a “substantial” drop in both said. Page 6 strong pace, with a large pipeline over occupancy and ADR (average daily the next few years. However, more than rate) resulting in a 19% decline in EAST ASIA | Tension 20% of the announced forthcoming RevPAR (revenue per available room), Gold and silver labels for supply has already been delayed by one it said that with the current decline in South Korea fears or more years, which leaves more time RevPAR, hotels should focus on other revenge attacks for the market to absorb the new sup- sources of income such as F&B. South Korea yesterday warned of ply,” the report said. “If successfully implemented, F&B possible North Korean assassinations energy-saving ACs fi nalised Doha saw an infl ux of 538 hotel keys revenue can account for as much as and kidnappings in revenge for recent in the second quarter of this year. The room revenue, or even more in some high-profile defections to the South. most recent openings included proper- cases. Having a more attractive F&B With tensions also high before a large- he designs of the optional gold- pan to implement such a system. cooling capacity, and annual consump- ties such as the Movenpick Al Aziziyah off ering will also lead to a more appeal- scale South Korea-US military exercise en and silver labels for energy- The new two labels (the golden eight tion of electricity in kilowatt/hours. and the Centro Capital Doha. ing property, thus having the potential starting today, the unification ministry Tsaving air conditioners (split and stars and silver seven stars) will be The golden labels of eight stars are Although due to a drop in oil prices, to improve the hotel’s Rev PAR as well,” in Seoul said Pyongyang was bent on window) have been fi nalised by Qatar distributed to suppliers and distribu- considered the highest in the world in slowing economic activity and Ramadan, it said. provocation. A ministry off icial told General Authority for Standardisation tors of ACs in order to be pasted on the energy saving, with up to 51% saving in hotels experienced a decline in demand Reasoning for the decline in RevPAR; reporters the defection to Seoul of and Metrology (QGASM). energy-saving ACs imported into the the energy consumption of these ACs, during the second quarter of 2016, the the report said it was due to falling cor- North Korea’s deputy ambassador to “The labels are to be offi cially country. while the silver labels of seven stars report said the hotel market occupancy is porate demand as a result of falling oil Britain and his family had put the North launched on October 14 to observe the Besides, QGASM will issue the facto- have up to 46.8% saving rate. Energy- expected to close 2016 at 64%, which is prices. In addition to the market slow- in “a very diff icult situation”. Page 9 World Standards Day,” QGASM an- ries and suppliers of the energy-saving effi ciency experts point out these ACs still relatively higher than the occupancy down, Ramadan contributed to the de- nounced yesterday in a statement issued ACs of seven and eight stars a certifi - consume energy equivalent to wash- rate in some Gulf Co-operation Council cline in occupancy as well. CHINA | Research by the Ministry of Municipality and En- cate of appreciation indicating the re- ing machines and microwaves but their (GCC) cities which are also heavily reli- Highlighting that West Bay is ex- vironment (MME). lated number of stars, as an incentive for production is relatively limited. ant on the corporate segment. pected to maintain its segment mix ‘Breakthrough’ in Dr Mohamed bin Saif al-Kuwari, them to supply more such units. QGASM also revealed that the new “Slowing economic activity is ex- with the corporate market accounting regenerative medicine MME assistant undersecretary for The new system of energy-saving labels would also include a table indi- pected to shift demand for hospitality for more than 75%, it said the online Chinese scientists have discovered a specifications and metrology af- stars for ACs was fi rst introduced in cating the numbers of stars and the cor- accommodation towards hotels off er- booking channels are expected to gain small molecule that can regenerate fairs, said that Qatar, represented by July 1 and three to six stars became responding energy saving percentage to ing more aff ordable room rates,” it said, momentum as a result of the slowed tissue which, in future, could make QGASM, was working to make the mandatory for all distributors and sup- help consumers take the proper decision adding on the other hand, the upcom- growth in corporate demand. tissue regeneration much easier. The new golden and silver labels manda- pliers. QGASM said that the basic in- when buying. So far, QGASM has regis- ing demand generators such as Lusail “The announced future supply is ex- scientists said a new drug, called tory as part of its energy-efficiency formation on the new silver and gold tered eight types of ACs with eight stars City and Msheireb Downtown are ex- pected to increase the number of fi ne XMU-MP-1, could promote repair and project and become the third country labels would include: the percentage (golden label) and 29 types of those with pected to increase the appeal of Doha dining and specialty restaurants within regeneration in liver, intestines and skin. worldwide after South Korea and Ja- of energy effi ciency, trademark, type, seven stars (silver label). as a leisure destination. the district,” it said. Doha to host its fi rst Qatar condemns bomb European leaders to beauty show in Oct attack in Turkish city discuss Brexit response Doha Beauty Show will be held presenting a networking opportunity QNA, Reuters Turkish government and the people” Reuters union - on whether to also leave the bloc.
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