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The Hotel Show, 28-30 September 2015, Dubai World Trade Centre

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UAE's Cristal Hotels eyes growth in post-sanctions Iran

The head of UAE-based Cristal Hotels has said he believes Iran will become one of the region’s most lucrative hotel development markets.

With an ambitious annual visitor target of 20 million by 2025, a five-fold increase, Peter Blackburn, president and CEO, said the company would be seeking to partner with local firms to expand its portfolio in the country.

Following the recent agreement with international negotiators on capping nuclear capacity, trade and financial sanction are due to be lifted in 2016, paving the way for expansion of the country’s infrastructure and industrial base, he said.

“There has already been talk of an investment of $185bn in oil and gas projects, as well as further development of the country’s metals and automotive industries, while general trade is certain to rise which will give a tremendous boost to the region, and Dubai as a major hub,” he added.

There has already been a huge influx of business traffic in to Iran which has underlined the lack of accommodation in the capital Tehran that has an estimated 100 hotels, many of which are in need of renovation.

“Hospitality has moved on in recent years and international travellers expect certain levels of service, product and communications which are currently lacking in Iran,” said Blackburn. 

“Importing the services of experienced hotel operators who have a knowledge of the region will enable Iran’s hotel sector to up its game in the short-term – and this is where we see a role for Cristal Hotels, working with partners in the country.”

The group already operates hotels in the Iraq, Lebanon and the UAE, with further properties under development and negotiation in Saudi Arabia, Kurdistan and Turkey, and Blackburn said Iran would be a "natural fit" in the group’s growing portfolio.

“In addition to business interests, there is considerable demand for Iran as a new tourism destination, and we can see potential to grow in all sectors in the country, taking advantage of new financial incentives as well as the transformation of the image of Iran in global markets.”

The Cristal Group was established in the UAE in 2007 followed by the British Virgin Islands in 2012 to deliver hospitality consultancy, technical services, asset management and brand management.

Source: www.arabianbusiness.com - August 2, 2015

  • The Hotel Show has been very important to Intermetal as we have been participating for the past 15years and we have found there are key decision makers here. We’re happy to be part of the growth especially with the Expo 2020 & the Qatar 2022 World Cup and feel that this event is the perfect venue to present our furniture.

    Cathy Di Savino
    Marketing Manager, Intermetal Limited
  • I’m so happy to be at The Hotel Show and I feel that people are interested in our products because it’s a very high end finish and we are looking forward to showcasing more of our products.

    Hassan Janahi
    Executive Director, Classy Interiors
  • This has been an excellent show for us and we had good feedback from the customers. It has given us the right boost and right target clients. We are also involved in a couple of sponsorships like the banners and “You are here boards”.  The Hotel Show team has been very helpful.

    Inam Haider
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  • We have exhibited for the past 4 years and we think the market is promising that’s why we are here to exhibit our services.

    Jama Shasha’a
    Chairman & CEO, Artline Interiors
  • In the hotel show, we usually meet hotel investors, hotel operators and developers. In the past 6years we’ve met a high caliber of people, the quality of customers we meet here is very high and we are very pleased with this.

    Michael Lotfy
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  • This is a great show for us as we’ve had lots of appointments and lots of success at the show. We came across the whole main hospitality operators in Dubai and Middle East areas and we are in process with several projects.

    Olivier Charles
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  • It has been a very nice event, a very good experience that we are enjoying. We have met so many hotels and clients that we were never able to meet before. So this gave us chance to interact, build awareness around our products and what we are here for.

    Shadi Bahour
    General Manager, Canon Emirates