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The hotel sector is waiting for political and security stability to recover

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The hotel sector is waiting for political and security stability to recover Empty The hotel sector is waiting for political and security stability to recover

Post by RamblerNash Tue Sep 18, 2018 10:10 pm

The hotel sector is waiting for political and security stability to recover

The hotel sector is waiting for political and security stability to recover 10165

Babylon Hotel
 
18/09/2018

Economy News Baghdad

Hotel managers are counting on the stability of the political and security situation in Iraq, stressing that its stability means increasing the number of foreign arrivals and bringing hard currency to the country, at a time when the political process is "boiling constantly" to complete the features of the new government.

On September 11, the Central Bureau of Statistics of the Ministry of Planning announced the increase in the number of hotels in Iraq during 2017, indicating that five-star hotels constitute 1%.

The share of Assad in the province of Karbala in terms of the number of hotels in the province, by 46.8%, while Baghdad came in second place, by 22.5%, according to the statistics announced by the device.

"The most important challenges facing tourism in Iraq are the security and political situation that does not allow the hotel sector to be blocked," said Daoud Shamoud Khader, chairman of the Baghdad Hotel, in an interview held in cooperation with the Iraqi Economic and Political Center. Of progress, "noting that" the proportion of foreign visitors who have entered the Baghdad Hotel about 30% and of different nationalities, Turkish, Jordanian, Italian, Lebanese, French and others. "

"The number of visitors to the hotel during 2017 was about 20 thousand visitors, and during the past six months about 12 thousand visitors," he said, noting that "What distinguishes the Baghdad Hotel that combines heritage and modernity, the first hotel in Iraq, where more than 60 Year".

Emad Jawad Al Obeidi, general manager of the Babel Hotel, said: "The visitors of the hotel reached 201,000 in 2017 and during the first half of 2018 about 41,000 visitors, noting that" the percentage of foreign visitors from the total visitors to the hotel During the first half of 2018 about 58% and the most prominent nationalities from Britain, America and Turkey. "

He pointed out that "the characteristics owned by the Babylon Hotel differ from the rest of the hotels and is a resort resort for many Iraqi families," explaining that "the hotel has large halls that meet the wishes of large and small companies, and the hotel is held at various conferences even at the government level."

Obeidi said that "the management of the hotel by a global company" and "We have the desire to cooperate with other companies in future projects."

In turn, Mahmoud Shaker Al-Muthanou, the managing director of the Babel Hotel, listed on the stock exchange, said that "the Babylon Hotel Company is a mixed share, represented by the public sector in the Ministry of Culture, the Tourism Authority by 45% and the private sector by 55% And the problems have led to the reduction of tourism, which affected the field of economic and social development, "stressing that" Iraq has all the elements that promote the reality of tourism, but the tourism industry did not meet the attention and support by the state that did not unleash the private sector to play its role in the development of the private sector in Iraq " .

Al-Muthanna pointed out that "the laws and legislation of Iraq represented by the Investment Authority should work to open the door to investors through the enactment of clear-cut laws to bring foreign direct investment to Iraq, where this process is the most important channels for access to technology and increase administrative expertise and this leads to the creation of positive productive potential Revitalize the society in addition to developing various sectors that suffer from problems such as capital scarcity. "

He added that "Babylon Hotel Company has achieved satisfactory numbers of profits despite the high operating costs, and the hotel's profits about two billion and 400 million in the first half of this year."

Al-Muthanna revealed that "there is an intention to build a second project in the same name and a tourist company."

Revenues of the hotel sector amounted to 316.6 million dinars last year.

The hotel sector is waiting for political and security stability to recover 10165

http://economy-news.net/content.php?id=13717

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