In the past few years, Mr & Mrs Smith has been struggling financially, especially during the pandemic. However, in 2018, before the company faced financial difficulties, it had a revenue of nearly $18 million and a profit of $563,000.

Azizi stated that with the launch of new development projects, the company will add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.

The Covent Garden Hotel has been in operation since 1996 and features a total of 58 guest rooms, with an estimated value of nearly £948,000 per room.

The group will implement a comprehensive development strategy with retail as the main driver, launching over 200 mall, residential, and hotel projects.

Meanwhile, Japan’s tourism industry is facing a record labor shortage.

With its prime location, this hotel has become an iconic landmark of Paris and one of the most sought-after real estate assets in the area.

Recovery was primarily driven by domestic guests, with levels exceeding those of 2019. Whereas international travelers, even whose number grows sharply, failed to return to the level of 2019.

At present, InterContinental Hotels Group has 12 brand hotels in Greater China, with a total of more than 1,000 hotels in operation or under construction.

Marriott said it is well-positioned for strong growth over the coming years as people around the world further embrace their love for travel.

The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.