General Travel News
KHI RevPar Declines 11 Percent In 2009
International hotel and resort company Kingdom Hotel Investments (KHI), announced Tuesday that it’s revenue per available room (RevPar) declined 11 percent in 2009 compared to the previous year. KHI is owned by Prince Alaweed bin Talal al Saud. Performance improved 3 percent in the three months ending on December 31, 2009, but RevPar in the Middle East during this period fell 7 percent.
KHI said that “the Movenpick Beirut and El Quseir, together with the Four Seasons Damascus, all experienced RevPar rises but were offset by continued significant falls at the Movenpick Dubai. The company said cash balance totaled $351 million and net debt was $173 million on December 31st, 2009.
More General Travel News
Latest Travel News
Featured Sights To See
Oriental Institute Museum
Chicago, United States
The orient generally refers to East Asia, but the University of Chicago's Oriental Institute is dedicated to the Middle East. It is one of the world's premier research institutions regarding the region's archaeology and history. The Institute was founded in 1919, and the art deco building it's housed in was completed in 1930. The collection is largely due to the efforts of ...
Shedd Aquarium
Chicago, United States
The Shedd Aquarium is one of the world's largest, with more than 32,000 fish from 1,500 different species. It is the most visited attraction in Chicago with more than 2,000,000 guests annually. The aquarium was built between 1927 and 1930, and was one of the world's first inland aquariums. Seawater had to be brought in by train via railroad from Key West, Florida. Along wit...
Asan Tole
Kathmandu, Nepal
The busiest square in the city, from dawn to dusk it is crammed with vendors selling spices and vegetables from all over the country. It is fitting then that Annapurna Temple is dedicated to the goddess of abundance, represented by a purana bowl of grain. On Sundays and other days of the week, you’ll see locals walk around the shrine, touch a coin to their heads, throw it into the temple then ring...
Roman Agora
Athens, Greece
For 500 years from 100 BC to 400 AD this was the commercial heart of Athens. The market place buzzed with the sale of salt, oil and wheat along with a number of other merchants selling their products. Its most outstanding feature is the Gate of Athena, Archegetis, funded by Julius Caesar and Augustus as the inscription says. The Tower of the Winds located here is well preserved. This tower f...