The US lodging industry appears to be at an inflection point, driven by a combination of decelerating demand as well as continued economic and global trade risks.
The agreement represents the third and fourth Doha properties Centara will manage on behalf of Al Bandary, which also owns Centara West Bay Residences & Suites Doha, an upper upscale property that opened earlier this year and recently earned a 5-star official classification from the Qatar National Tourism Council (QNTC); and the previously signed Centara Grand Hotel Doha scheduled for opening in 2020.
The group announces the scheduled opening of its seventh hotel in the leading holiday destination in Bulgaria
This major milestone was achieved following the launch of a series of new Indonesian hotels in recent weeks. The 104-room Swiss-Belinn Gajah Mada Medan in North Sumatra and 150-room Swiss-Belhotel Bogor in West Java both started welcoming guests in May 2019, and the 107-room Swiss-Belhotel Serpong opened in southwest Jakarta on 1st June.