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 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 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.
Works on a construction site for a large mixed-use project in the southern city of Suweida were inaugurated earlier this week.
Five Continents, a UAE hospitality company, has announced that it plans to open two properties in Syria in the next two years.
Arwad Tourism Company, a venture by several prominent local businessmen, has seen its contract to develop a 4-star hotel on the island of Arwad cancelled by the Ministry of Tourism, according to a local media.
The Damascus Governorate is to award a contract to Emirati investors for the development of a large hospitality and commercial project in Damascus, one of few large projects by private investors recently announced in Syria.
Jumeirah Group, a UAE hotel management firm, has said that it was continuing forward with its project to manage a 5-star Hotel in central Damascus, as new estimates put occupancy rates in local hotels at 15 percent countrywide and at close to 0 percent in Aleppo.


EDU 2011 Damascus
Kiwan Land
Taxation in Syria
Damascus Chamber of Commerce