Syria’s travel and tourism industry will contribute 5.2 percent of the country’s GDP in 2010 according to a recent forecast report from the World Travel & Tourism Council.
The Four Seasons Damascus Hotel continued to be among the most profitable properties managed by Kingdom Hotel Investments, its main shareholder, in spite of a decline in occupancy rates and in average revenues per room.
A new 3-star hotel will take-off the ground in the Jamilia area of Aleppo, following the award of a BOT contract to a local company for that purpose.
Kempinski Hotels has announced that it has cancelled the contracts for the management of three properties in Damascus.
Syrian President Bashar Al-Assad has issued a decree encouraging the establishment of tourist resorts near forested areas.
Bena Properties has awarded Arabtec Holding a USD 67 million contract to build the Yasmeen Rotana Hotel in Damascus.
The National Investment Centre, a local company, has announced that it had won a contract to develop a tourism resort in Homs on BOT terms.
Safir Hotels and Resorts will manage its first property in Aleppo, after the signing of a management contract with Al-Shami, a local company.
The number of people that visited Syria in 2009 increased by 12 percent compared to the previous year, according to a statement from the Ministry of Tourism.
Aleppo’s Industrial and Agricultural Fairground, located in the centre of the city will see the rise of a large tourist development.
Kuwait Commercial Markets Complex Company (KCMCC) has announced that it was establishing a themed amusement park outside Damascus.
The Minister of Tourism, SaadAllah Agha Al-Qalaa, issued on December 30 a decree authorizing the construction of cable railways in Syria.
The Syrian Teachers Union inaugurated earlier this month a seven-storey hotel located in the coastal city of Tartous.
Nabil Mazloum, a Saudi Investor of Syrian origin will develop a 5-star hotel on BOT terms in Central Damascus.
A new hotel will go into service in Suweida at the beginning of 2010.