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Hilton, the New York-listed hotel operator, plans to double its portfolio of 169 hotels in Middle East, Africa and Turkey in the next five years with a sharp focus on expansion in the Arab world’s two biggest economies – Saudi Arabia and the UAE.
“Last year, was a bit slow … in terms of the number of openings. [However] the good news is that we signed quite a few new hotels during the pandemic, showing the strength of our brand,” Jochem-Jan Sleiffer, Middle East, Africa and Turkey president for Hilton told
The National on the sidelines of Arabian Travel Market on Tuesday.
Sea Ltd., the New York-listed tech giant, said its revenue in the first quarter more than doubled as the pandemic continued to boost demand for e-commerce and digital entertainment across Southeast Asia.
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