Motivating Global Brands to Use Smart Technologies in Saudi Products

Minor Hotels intends to expand in the Saudi market and work on environmental sustainability. In the frame, Michael Marshall, Chief Commercial Officer of Minor Group. (Asharq Al-Awsat)
Minor Hotels intends to expand in the Saudi market and work on environmental sustainability. In the frame, Michael Marshall, Chief Commercial Officer of Minor Group. (Asharq Al-Awsat)
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Motivating Global Brands to Use Smart Technologies in Saudi Products

Minor Hotels intends to expand in the Saudi market and work on environmental sustainability. In the frame, Michael Marshall, Chief Commercial Officer of Minor Group. (Asharq Al-Awsat)
Minor Hotels intends to expand in the Saudi market and work on environmental sustainability. In the frame, Michael Marshall, Chief Commercial Officer of Minor Group. (Asharq Al-Awsat)

Michael Marshall, Chief Commercial Officer of Minor Hotels Group, revealed the imminent opening of the Anantara resort in Saudi Arabia, specifically in the Diriyah region, stressing that the group intended to expand its hotels in the country over the coming years.

In an interview with Asharq Al-Awsat, Marshall noted that the rapid progress in the Kingdom has encouraged the company to look for the right partners to build a long-term, healthy and solid relationship that would enable the group to expand its brand presence in Saudi Arabia.

He also stressed the importance of the Kingdom’s focus on environmental sustainability, pointing to the necessity of cooperation to achieve the essential requirements for this purpose.

“Many are happy with the Saudi openness and the attempt to attract tourists to the country... The Kingdom is committed to implementing its projects, and it is not surprising that tourism and the travel sector in Saudi Arabia have reached great levels,” Marshall said.

He added: “We are pleased to announce the upcoming opening of Anantara Resort in Diriyah… and I would like to mention the splendor of the area, which is rich in old buildings and other beautiful landmarks.”

With regards to future projects, Marshall revealed that the Minor Hotels Group would announce the opening of more hotels, noting that several memoranda of understandings have been signed as part of the group’s effort to be “an essential part of the Kingdom’s growth plan and Vision 2030.”

Marshall emphasized that openness in Saudi Arabia was an important factor that attracted companies and visitors, especially with the implementation of simplified procedures to obtain tourist visas.

“The possibilities of attracting tourists to Saudi Arabia will further increase, especially with the recent sports events, including the Formula 1 race and golf tournaments, as well as concerts that will correct the misconceptions” about the tourists’ access to the Kingdom.

He also underlined his firm belief that Saudi Arabia’s tourism investments would strongly increase.

“I have already seen this in the Arab travel market, and during the campaign to promote the role of Saudi Arabia in tourism, which was previously limited to the Hajj and visiting Makkah…,” he stated, pointing to the country’s ancient history and wonderful landmarks.

Asked about environment sustainability in newly-launched projects, Marshall said: “It is necessary for us to cooperate in environmental sustainability, which is essential for the future.”

He continued: “Sustainability and the survival of the local community in its authentic environment have become a priority for tourists who also want to enjoy local experiences. This principle forms an essential part of Vision 2030. Therefore, I find that Saudi Arabia is taking the appropriate decision in this regard.”

Commenting on the progress of Saudi Arabia’s tourism on the regional level, Marshall noted that the Kingdom was now welcoming Kuwaitis, Qataris, Emiratis and Egyptians, who are interested in opening new businesses in the country.

“There is no doubt that the strong ties with neighboring countries and even with their families contribute to the prosperity of these businesses. On the other hand, we will witness the visit of international tourists looking for adventure. This category is more open to new experiences,” he remarked.

As for Saudi Arabia’s digital transformation, Marshall said that the Kingdom’s effort to keep pace with digital progress was very interesting.

He added that the Minor Hotels Group has been working towards this end by innovating applications for over 10 years.

“For example, in the Anantara and AVANI resorts, it is possible to check in and check out, choose the room and even open the doors or order food… through a dedicated application; thus, it is possible to dispense with the phone in the room and use it only for emergencies,” he explained.

“Customer experience helps tourists adapt to technology while keeping the process easy for them; we want everyone to master how to use technology without feeling that it is too complicated,” Marshall underlined.



Oil Slips on Sverdrup Field Restart, Geopolitical Fears Support

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019.  REUTERS/Agustin Marcarian/File Photo
FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo
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Oil Slips on Sverdrup Field Restart, Geopolitical Fears Support

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019.  REUTERS/Agustin Marcarian/File Photo
FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil slipped on Tuesday pressured by the restart of production at Norway's Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the decline.
Equinor has resumed partial production from the oilfield, Western Europe's largest, following a power outage. An outage at the North Sea field helped prices to climb by over 3% on Monday, Reuters reported.
Brent crude futures were down 45 cents, or 0.6%, to $72.85 a barrel by 0915 GMT, while US West Texas Intermediate crude futures slipped by 46 cents, or 0.7%, to $68.70.
"I guess the partial restart of the Sverdrup field is the driver of the setback, as well as a slightly stronger US dollar," said Giovanni Staunovo, analyst at UBS.
The US dollar edged up on Tuesday to within striking distance of its one-year high. A strong dollar makes commodities like oil more expensive for other currency holders and tends to weigh on prices.
Another continuing outage provided support. Kazakhstan's biggest oilfield, Tengiz, has reduced oil output by 28% to 30% for repairs which are expected to be completed by Saturday, the country's energy ministry said.
A rise in geopolitical tensions also supported prices.
In a significant reversal of policy, US President Joe Biden's administration allowed Ukraine to use the U.S.-made weapons to strike deep into Russia, two US officials and a source familiar with the decision said on Sunday.
The Kremlin said on Monday that Russia would respond to what it called a reckless decision by the Biden administration, having previously warned that such a decision would raise the risk of a confrontation with the US-led NATO alliance.
Investors are wary, said Toshitaka Tazawa, an analyst at Fujitomi Securities, as they are "assessing the direction of the Russia-Ukraine war after the weekend's escalation".
While oil's outright price has found support this week, the market structure has weakened. US crude flipped to contango for the first time since February on Monday in a sign that supply tightness was easing.