Accor, one of the leading hotel operators in Europe, will manage a new property in Syria under the Mercure brand.
The number of hotels that have opened in Syria in the first half of 2010 reached 31 across all ratings, according to the Ministry of Tourism.
Loftus, a French company specialized in the construction and management of entertainment infrastructures, has signed an agreement to build an amusement centre in Homs.
The number of tourists having visited Syria in the first half of this year increased by 63 percent compared to the same period of last year according to the Ministry of Tourism.
Armitage, a new 5-star hotel, is opening its doors later this month in Central Damascus.
Accor has signed an agreement with Bena Properties to manage its first two properties in Syria under the Novotel and Ibis brands.
Arafeh Holding, a local manufacturing and trading group, mainly specialized in pharmaceutical products is diversifying into the hospitality sector.
Nabil Mazloum, a Saudi investor of Syrian origin, has signed a contract with the Hijaz Railways Organization to develop a 5-star hotel on BOT terms in Central Damascus.
Bardan & Haffi, two Syrian trading families have won a BOT contact from the General Housing Establishment to build a SYP 2.3 billion tourist resort in the Mazzeh district of Damascus.
A new 4-star hotel was inaugurated in Aleppo last week by the Minister of Tourism, Saadallah Agha Al-Qalla.
A Syrian investor will build a cable railway in a tourist site located near the city of Lattakia, after decades when they were banned in Syria.
The average rate charged by “quality hotels” in Damascus rose to USD 236 in 2009, while occupancy rate fell by 8 percent on average, according to a recently industry report.
The Tourism Investment Forum held in Damascus between April 27 and 29 offered some 91 hospitality projects across Syria to potential investors.
Damascus International Fairground
Dama Rose Damascus Hotel