Skift Feed· Deepthi Nair·· 1 day agoAI Rating50
Mantis Pushes Gulf Expansion as War Shifts Demand to Local
Mantis Keeps Building in Gulf as Demand Shrinks to Locals
AI Overview
Mantis Collection, half-owned by Accor, is still advancing its Gulf expansion plans even as the US-Iran conflict reshapes demand for its young Gulf properties. Its Bahrain resort was fully closed at the peak of the conflict and then recovered quickly; a newly opened mountain resort in Saudi Arabia operates on domestic demand expectations; two upcoming projects are still moving forward. CEO Craig Erasmus said that although the trend is positive, regional stability is needed to restore a diversified source-market structure.
Source:Skift Feed · skift.com