68541
Budget Brand easyHotel to Expand Into Iran
Budget Brand easyHotel to Expand Into Iran

Budget Brand easyHotel to Expand Into Iran

Budget Brand easyHotel to Expand Into Iran

easyHotel has announced plans to open branches in Iran with an anticipated 500 rooms.

The “super budget” hotel, part of the group that owns budget airline easyJet, said on Monday it signed deals with British companies 3SV Limited and MHA Hatfield Limited for developments in Iran as well as in Sri Lanka, which will constitute a combination of new-build hotels and takeovers, Business Insider UK reported.

In addition to the 500 planned rooms in Iran, the company expects to open over 200 rooms in Sri Lanka, 100 of which should be ready by 2022.

“easyHotel has made good progress over the last year against its plans for the international expansion of the brand,” said Guy Parsons, CEO of easyHotel.

“I am pleased to announce a further extension of our franchise network, enabling us to establish the brand’s presence in new territories where there is growing demand from cost conscious consumers for value hotel accommodation,” he added.

The Iranian government is trying to grow its tourism industry and hopes to attract more than 20 million tourists by 2025.

Meanwhile, Sri Lanka attracted over 2 million visitors in 2016 alone. easyJet does not currently fly to Iran or Sri Lanka, although it has partnered with Emirates Iran.

easyHotel’s core markets are the UK and Europe, and it currently owns five hotels in the UK, with an additional 20 franchised hotels in the UK and abroad, including in Dubai and Kathmandu.

It hopes to expand into “exciting new markets”, said Parsons, and has 1,936 rooms in development.

Short URL : https://goo.gl/thFKua
  1. https://goo.gl/ExvVRw
  • https://goo.gl/QUq3v2
  • https://goo.gl/urs5RP
  • https://goo.gl/axUfuu
  • https://goo.gl/mVtMxS

You can also read ...

Iraq May Become Iran's Top Export Destination
Iran's exports to Iraq have considerably increased in recent...
Gov’t Cuts Back on Spending Amid Growing Budget Deficit
President Hassan Rouhani’s Cabinet approved plans on Sunday to...
Iran Digital Payments Exceed $16b in 1 Month
Close to 1.84 billion transactions worth more than 2.44...
Tehran Mehrabad Airport Projects Worth $20m Inaugurated
A number of development projects worth 2.7 trillion rials (...
NIOC Will Issue Manfa’ah Sukuk to Fund Projects
Head of the National Iranian Oil Company said it will issue...
Iran Engine Oil Production Rises 24%
A total of 214 million liters of engine oil were produced by...
Iran, Pakistan Confer on Broadening Trade Relations
President of Iran Chamber of Commerce, Industries, Mines and...
Packaging Industry Facing Shortage of Raw Materials
A near fivefold rise in packing paper exports, thanks to the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus