TOKYO/HONG KONG — The operator of the upscale Peninsula Hotels chain reported another net loss for the first half of the year on Wednesday, highlighting obstacles overseas as well as in its home market.
Hotels & Accommodations
Dubai Rosewood Hotel & Residences To Open By 2029, Featuring Private Garden Villas, Spa & More

Dubai is home to several beautiful hotels. These properties include everything from luxurious resorts to something more affordable. Offering plenty of options to the people in the emirate, a new name will soon be added to its portfolio of hotels. We are talking about the fact that Rosewood Hotels & Resorts will be making its much-awaited debut in Dubai. Here’s all you need to know about the Rosewood Dubai and Rosewood Residences Dubai.
Rosewood Dubai And Rosewood Residences Dubai To Open By 2029
Once Rosewood Dubai and Rosewood Residences Dubai open, it will be the first hotel and branded residences by Rosewood in the UAE. Located on the shores of the Peninsula Dubai, this would be a prestigious new waterfront destination. This is going to be a 195-key ultra-luxury hotel, complete with world-class dining, wellness facilities, private garden villas, and curated cultural programming.
More About The Residential Tower
Right next to the hotel will be the residential tower that will offer 63 refined residences. This would also include five exclusive beachfront villas that would offer dedicated lifestyle amenities. Spanning 6,40,104 ft.², which is about 9.95 hectares, the project is owned by Bright Star along with H&H.
Truly creating a transformative experience, Rosewood Dubai’s 63 refined residences, along with five beachfront villas would offer a slew of tailored amenities. From a 24-hour concierge, spa and movement studio to a padel court, library, and private cinema, there is truly going to be a range of luxurious amenities for people to offer them an unparalleled experience.
Also Read: Egypt: Tantalise Your Tastebuds With Nobu North Coast That Brings Japanese Cuisine To The Region
A World-Renowned Hospitality In Dubai
Creating a holistic experience for the people is a major milestone for the brand. After all, it introduces an elevated lifestyle experience! Yes, this would blend the world-renowned hospitality of Rosewood with its collection of high-end residences. Not just a curated stay for luxurious living, the hotel would also offer something special for the younger guests. We are talking about the Explorers Club that would nurture both play and learning together.
Doesn’t it all sound absolutely wonderful? Well, the hotel is scheduled to open in 2029, and one can expect that this hotel’s debut in Dubai by the brand will bring its stellar services.
Cover Image Courtesy: rosewoodhotels.com
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First Published: August 06, 2025 1:01 PM
Hotels & Accommodations
Irish credit and debit card users splurged on foreign hotels in June – The Irish Times

Irish credit and debit card users spent more on hotels abroad than in Ireland in June for the first time since 2022, the Central Bank said on Wednesday, amid a modest fall in the value of domestic card payments in the month.
The total value of card payments in June was close to €9.5 billion, up 1.7 per cent on May and more than 15 per cent ahead of June 2024. The number of card payments was also up year-on-year, by 11.6 per cent.
On a monthly basis, however, domestic card spending values were by 0.2 per cent or €16.09 million weaker on May and were down 1.5 per cent in terms of volume.
Spending abroad on Irish cards, meanwhile, increased by 10.7 per cent in value terms over May and 16.6 per cent year-on-year, “likely owing to the beginning of the holiday season”, the Central Bank said.
Predictably, consumer spending on hotels and other accommodation services surged. Households in the Republic spent €357.1 million on accommodation services, up €35.7 million or 11.11 per cent from May and 11.7 per cent from 12 months previously.
Expenditure on hotels, motels and resorts “single-handedly drove the change in accommodation spending” in the month, the Central Bank said. Consumers spent an additional €35.9 million on hotels in June compared with April, nearly 80 per cent of which was recorded abroad.
June was the first month since October 2022, when the Central Bank began collecting card payment data, that spending on foreign hotels was higher than the money spent on accommodation in the State.
“In fact, 52 per cent of total spending on this [sector] was recorded outside of Ireland,” the regulator said.
Separately on Wednesday, Bank of Ireland released figures showing that the number of contactless card payment transactions through digital wallets like Apple and Google Pay were 2 per cent higher in the second quarter of 2025 compared to the same three-month stretch last year. So-called tap-and-go payment volumes remained unchanged.
ATM withdrawals, meanwhile, were down 11 per cent year-on-year.
“There is a steady trend in consumers increasingly engaging with digital payments options, as the ease and flexibility of making both ecommerce transactions and digital wallet payments suits their busy lives,” said Ciaran Coyle, group chief operating officer at Bank of Ireland.
Hotels & Accommodations
Peninsula Hotels operator stuck in red as greater China stagnates

New CEO sees chance for full-year profitability but wary of geopolitics and trade war
The Peninsula Hotel in Hong Kong’s Tsim Sha Tsui district, pictured on May 7. (Photo by Suzu Takahashi)
KENJI KAWASE and PEGGY YE
Hotels & Accommodations
Tourism in Egypt Thrives: Now, Major Hotel Developments in Cairo and Sharm El-Sheikh Lead the Way

Wednesday, August 6, 2025
Egypt’s hotel scene is booming again, thanks to smart government programs and a good economy. The wave of new hotels, especially in Cairo and Sharm El-Sheikh, is helping Egypt stand out in Africa’s travel market. With big money coming in and plans to attract even more visitors, Egypt has bounced back from the COVID-19 hits and is on its way to being a top international travel hub.
In 2024, Egypt greeted 15.7 million travelers from abroad, beating the busy levels of 2019. This jump is the result of clear choices like upgrading roads and airports, showcasing Egypt’s amazing history and culture, and a stronger currency that makes travel affordable. All of this means more people are looking for places to stay, so the hotel industry is expanding fast.
How Government Programs Ignite Egypt’s Tourism Boom
Egypt’s government is putting serious energy into making tourism a star player in the economy. By improving roads, airports, and hotels, shining a light on the country’s ancient treasures, and sealing deals with global partners, the state is nudging the industry upward. On top of that, the lower value of the Egyptian pound is giving foreign travelers and investors more bang for their buck, turning Egypt into a wallet-friendly gateway to millennia of culture.
With tourism responsible for roughly 10% of Egypt’s economy, every small win at the border, the beach, or the boardroom counts. Policies that speed up visas, add extra flights, and blast out ads showing the Pyramids, Red Sea resorts, and desert oases are drawing more people. Thanks to these moves, Egypt is not just bouncing back; it is welcoming more guests than it did before the pandemic struck.
Significant Hotel Development in Cairo and Sharm El-Sheikh
Egypt’s capital, Cairo, is witnessing a major surge in hotel development. The capital currently has 70 hotels and 17,757 rooms in the planning and construction stages. These new projects are part of a nationwide strategy to modernize travel infrastructure and boost the country’s capacity to host a rising number of international guests. Cairo’s unique blend of rich history and modern amenities, along with its close proximity to the Pyramids of Giza and the Egyptian Museum, makes it an ideal spot for both leisure travelers and business conferences.
A few hundred miles to the south, Sharm El-Sheikh, the country’s leading beach resort, is also expanding its hotel offerings. Here the development focus is on 10 new properties that together will add 4,321 rooms to the existing supply. The new hotels will contribute to Sharm El-Sheikh’s reputation as a luxury resort and a world-class diving destination along the Red Sea. With the government upgrading roads, utilities, and recreational amenities, the resort is well-poised to meet the demands of both international vacationers and upscale Egyptian travelers.
Hotel Development Pipeline and Investment Opportunities
The latest Hotel Development Pipeline Report from W Hospitality Group shows that Egypt currently has 143 hotels and 33,926 rooms planned. That’s four times the size of Morocco’s pipeline, the next-largest country in Africa for hotel projects. This remarkable growth firmly puts Egypt in the spotlight as Africa’s top market for hotel development. It also highlights the government’s dedication to widening tourism offerings and welcoming more international travelers.
The pipeline features major international hotel groups, boutique options, and specialty resorts that focus on unique traveler segments. Together, these projects will create the range of rooms that visitors want, from opulent Red Sea resorts to sleek business hotels in Cairo. As Egypt’s hospitality market expands, investors have a timely chance to enter a country where tourism appeal is climbing steadily.
Focus on Eco-Friendly and Sustainable Tourism in Egypt
As more people want to travel, Egypt is stepping up to do it responsibly. The government and hotel businesses are working together to make trips eco-friendly and sustainable. New hotels are using smart green tech: buildings that use less energy, systems that save water, and ways to cut down on waste are all becoming standard. At the same time, Egypt is dedicated to guarding its natural treasures, from the colorful coral reefs of the Red Sea to the timeless landmarks along the Nile, by encouraging visitors to travel with care.
Caring for the environment is only part of the plan. Egypt is also committed to preserving its rich culture. The Pyramids of Giza, Luxor’s ancient temples, and the Valley of the Kings still draw travelers from every corner of the world. To keep these wonders safe, the government is taking steps to manage how many visitors come, to improve the roads and facilities around the sites, and to launch educational programs that teach tourists why protecting Egypt’s heritage is so important. Visitors can enjoy the magic of Egypt while helping to keep it for future generations.
The Challenges of Climate Change and Tourism in Egypt
Egypt’s tourism continues to thrive, but climate change is raising serious red flags. We’re seeing higher average temperatures and an increasing chance of severe weather, like flash floods, especially in coastal spots. Iconic beach havens—think Sharm El-Sheikh—are on the front lines, facing the slow but steady creep of higher sea levels.
To tackle these threats, Egypt’s government is teaming up with global partners to build a climate-smart tourism sector. The plan centers on tougher roads and hotels that can weather storms, greener travel choices, and a serious commitment to protecting deserts, coral reefs, and lakes. The goal is clear: keep Egypt on every traveler’s bucket list while shielding its tourism crown jewels from a warming planet.
Conclusion: Bright Horizons for Egypt’s Hotel Scene
Egypt’s hotel market is on an impressive upswing thanks to solid government backing, smart economic reforms, and steadily rising visitor demand. With Cairo and Sharm El-Sheikh at the forefront of hotel expansion, Egypt is set to stay a key player on the global travel map. Growing room inventory, commitment to eco-friendly practices, and better infrastructure promise to keep Egypt a magnet for millions of international travelers.
As the hotel sector continues to thrive, the government is carefully balancing the good that tourism brings with the urgent need to protect the environment and the country’s ancient heritage. With steady funding and a clear drive for sustainability, Egypt’s hospitality picture is not just bright for now—it is built for the long haul, inviting smart investment and delivering unforgettable stays for guests.
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