Singapore: Frasers Hospitality Group has opened the first of eight new properties across the MEA region, taking its portfolio to more than 1,500 units in the area.
The recent launch of Fraser Suites West Bay in Doha marks the first of the eight properties to open, making it the group’s second operating property in Qatar and the fifth in the Middle East. The company will also enter the Saudi Arabian market for the first time with properties in Jeddah, Khobar and Riyadh.
Openings in Nigeria and the Republic of Congo will mark Frasers Hospitality Group’s first entry into Africa.
“The Middle East and Africa are significant growth markets in our global expansion plans. As the regions continue to emerge as business hubs, our properties in key cities will be well positioned to cater to the needs of travellers. By 2026, international tourist arrivals are forecast to total more than 100 million in the Middle East and we are ready to meet the increased demand for gold standard serviced residences. The recent opening of Fraser Suites West Bay, Doha is an example of our confidence in the region. Meanwhile, business spending in Africa is expected to grow from US$2.6 trillion in 2015 to US$3.5 trillion by 2025, which is likely to see an increase in business travel to the region. We are targeting key business centres such as Nigeria’s capital Abuja and Africa’s largest city, and we look forward to expanding our footprint in the region in the coming years,” said Choe Peng Sum, chief executive officer of Frasers Hospitality Group.
Frasers Hospitality’s global portfolio, including those in the pipeline, stands at 140 properties in more than 80 cities with 23,400 keys worldwide.
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