The global financial crisis and subsequent downturn in the travel industry have presented an opportunity for some new hotel operators to gain a foothold in the region, says the chief executive and co-owner of an Australian hospitality company.
StayWell Hospitality Group, established just four years ago and little-known outside Australia, last month opened the four-star 400-room Kris Kin hotel in Bur Dubai under its Park Regis brand. The Bur Dubai area is well known for having several independently run, unbranded hotels.
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