One of the leading Middle East leisure group’s, Travco, recently announced plans to expand its operations in the region including investment in several hotel projects in the emirate of Abu Dhabi.
The company hopes to expand its Middle East network through the establishment of local network offices as well as through tourist development projects.
Travco has branched out further into the GCC region by introducing offices into Oman earlier this year. It also has future plans to add Qatar and Jordan to Travco's portfolio. It has also initiated development projects with tourism ministries and authorities in Oman and the UAE to further capitalize on the promising tourism potential of the region.
Travco operates through its regional office in Dubai currently, where in 2005, it served 125,000 tourists. Travco has recorded an impressive growth rate of 25 percent year on year.
Travco is set to further expand its portfolio in May 2007 with the launch of its first resort in Dubai, the five-star Iberotel Royal Miramar Fujairah Hotel. The US$ 44 million property, designed with Moroccan architectural style, will feature a 200 meter long private.
The hotel will offer 321 guest rooms, most of which are overlooking the sea, and have a wide variety of dining venues, beach and pool bars, and a discotheque.
