Hotels

Kingdom Hotel H1 Profit Drops 61%

Kingdom Hotel and Investments (KHI) H1 profit fell 61% to US $8 million (Dh29m) from $20.6 million for the same period last year.   The fall in profit is due mainly to weak performance by its Four Seasons Hotels in Paris and Cairo, property sales,     and impairment charges.     KHI, based in Dubai, is a hotel and resort investment company.  Saudi billionaire Prince Alaweed bin Talal founded the company and is its majority shareholder.

Revenues declined 11 per cent to $103.3 million during the first half of the year from $115.5 million last year in a challenging environment, because of a big drop in demand for international travel. KHI chief executive Sarmad Zok said “Our determination to drive profitability across our wholly owned hotel operations has paid off and they remain cash generative.”
 

More Hotels
Looking for an adventure - go to Iraq for Eid
* Hotel Metropole Geneva
Corinthia Hotel London launches new luxury suites
Latest Travel News
Experience the peaks near Lausanne Switz...
Looking for an adventure - go to Iraq fo...
Turkish Airlines partners with Warner Br...
Featured Sights To See
Hippodrome

Hippodrome

Istanbul, Turkey

The Hippodrome was at the center of Greek and Roman civic life.  Here citizens of all classes would gather to watch chariot races.  Istanbul's dates back to the start of the third century AD, when it was still called Byzantium.  When Constantine moved the capital here, one of his first acts was to expand the Hippodrome.  For the next millennium it was a crucial part of the city...

Meiji Jingu Shrine

Meiji Jingu Shrine

Tokyo, Japan

This shrine was built in honor of the Emperor and Empress Meiji in 1920. These royals were credited with making Japan more extroverted and opening it up to foreigners. This Shinto shrine is magnificent- the gates leading to the shrine known as Torii in Japanese are 1700 years old and are made of extravagant cypress. The structure itself is also composed of Japanese cypress with green copper roofs ...

Tsing Ma Bridge

Tsing Ma Bridge

Hong Kong, China

Tsing Ma Bridge is the seventh largest suspension bridge in the world. It carries road and rail traffic in two decks and is the largest of this type. It is an architectural wonder and a must see.  ...

Dongdaemun

Dongdaemun

Seoul, South Korea

The Old Eastern Gate of the city, though not as impressive as Namdaemun, it is still a good site to check out just so you can tell your friends that you've visited so many places. The nearby Dongdaemun Market is much more attractive though! ...