Impact of entering hotels is a competitive in the rental market with long decades

ln the same context, Standard Real Estate CEO Abdulkarim Al-Mulla said that ′′ The impact of entering hotels is a competitive in the rental market with long decades, is the effect of my time, because there is a decline in operation at most hotels, because Tourism rates have decreased due to the fallout of (Corona), as well as only a few resort to housing in hotels as alternative to housing units “, Residential unit contracts are stable in prices.For his part, the manager of ′′ Lighthouse Alshore Real Estate ′′ Fouad Jassem said that ′′ The phenomenon of providing some hotel establishments for more than three months long residence contracts, has increased the competitive housing rental sector more, in providing facilities and promotions, such as Free months, parking, etc “, pointing out that ′′ this phenomenon could be temporary, and keeping pace with the repercussions of the coronavirus pandemic, but it positively influenced increasing competitiveness and providing more diverse options for tenants “.′′ Competition between different residential real estate categories of units, villas or hotel apartments, is increasing in times of decline in the economic situation “. Real estate expert Hisham Al-Assad said.′′ Services available in hotel apartments are better than housing units, especially the advantage of billing, such as cleaning and securing much better services than residential property management “. he added.′′ We see a significant drop in hotel accommodation allowances to attract new tenants, and we have previously accompanied similar changes in the economic crisis, but as tourism reopens and economic climate improve, this will affect the competition between residential unit quality, Things change because the main goal of hotel apartments is to increase hotel returns “.To this, marketing and sales official of a hotel chain, Mahmoud Ali, has confirmed that ′′ competitive – between some hotels in awarding relatively long contracts to room occupancy, which have naturally been affected by the pandemic, and have had greater global impacts in tourism sectors. Hotel – taking into account the conditions and prospects of improving tourism activity in some periods, it is natural that months prices in the winter season will find higher than room prices in the summer season, or even the beginnings of the fall season “, Noting that ′′ contracts for room work for periods Long may be done through a monthly rental automatically renewed according to agreement with management, which is among the various promotions offered by hotels during different periods “.

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