Economics
Hotel Chain has Big Plans for Iraq
Abu Dhabi’s Cristal Group, which plans to open its first Baghdad hotel, the Cristal Grand Ishtar, at the start of May, says it wants to expand beyond Baghdad to Erbil, Karbala, Basra and Suleimanya in the next two years. According to a report, the Cristal Group predicts 40% occupancy for its first year of operations, with daily room rates in the hotel of between $190 and $250. (Iraq Business News)
Source: http://www.iraq-businessnews.com/2013/03/22/hotel-chain-has-big-plans-for-iraq/
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