The Kharafi Group has obtained from the Syrian government a 50 percent discount on the annual fee it pays for the management of the Bloudan Grand Hotel, which has been closed for over half a year.
Damascus and Aleppo are the two cities of the Middle East that have witnessed the sharpest decline in occupancy rates in their hotels last year, according to a recent survey.
Tourist arrivals dropped 79 percent in the first four months of this year compared to the same period of last year, according to statistics from the Ministry of Tourism.
Accor Hotels has announced that it was putting on holds three projects in Syria because of the political situation in the country, following in the footsteps of other operators.
Cham Hotels and Resorts, Syria's largest hotel management company, has reported a 58 percent decline in its operating revenues last year, reflecting the steep decline witnessed by the tourism industry in the wake of the uprising gripping the country.
Rotan Hotels has decided to put on hold three hotel management projects in Syria, according to press reports.
The Ministry of Tourism has selected a local company, Elissar Investments, for the development of a 4-star hotel in central Damascus.
Accor Hotels, a French hospitality group, said that it still planned to open 3 hotels in Syria by 2015.
Coral Hotels, a UAE hotel management firm, has announced the soft opening of its second property in Syria, the Coral Martini Aleppo Hotel, in the midst of a devastating period for the Syrian tourism industry.
The Syrian Ministry of Tourism has published a list of 28 sites offered for development to prospective investors.
The Ministry of Tourism has cancelled the management contracts of Dedeman Hotels, a Turkish operator, for two of the country’s leading 5-star properties, including one in Damascus.
The Ministry of Tourism has agreed to six new contracts with local investors to develop hospitality projects in Tartous and Aleppo.
The number of tourists visiting Syria in the months after the beginning of the popular revolt last year declined by 64 percent compared to the same period of 2010, according to the Ministry of Tourism.
The Syrian President has granted investors in the tourism sector, the industry most affected by the political unrest, the possibility to reschedule the repayment of the loans they owe to state-owned banks.
The Ministry of Tourism is offering new properties for investment including the 4-star Jalaa Hotel on Mazzeh Motorway.


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