ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Agilysys Brings Its Market-Leading Hospitality Cloud Solutions to Hotel Operators in the Middle East

Hospitality veteran Hussein Tawalbeh to lead sales and operations in the region from Dubai UAE

Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced it is bringing its Agilysys Hospitality Cloud solutions to the Middle East. While Agilysys previously has cultivated customers in the region through its Europe, Middle East and Africa (EMEA) operations in the United Kingdom, the company now has hired Hussein Tawalbeh, an executive whose hospitality expertise comes through a 20-year career in the region, to lead Agilysys’ Middle East and North Africa (MENA) operations from Dubai UAE.

Dubai is on track to becoming the world’s most visited destination welcoming 7.1 million international overnight visitors as of June 2022, a 183% year-over-year increase. The hospitality sector across the Middle East is undergoing a dramatic transformation – particularly in the luxury, upper upscale and upscale sectors – that is expected to fuel growth over the next several years.

A recent trend report by Lodging Econometrics notes that the construction pipeline for the Middle East at the end of the second quarter 2022 includes 545 projects comprising 140,055 rooms, with 72% of these projects in the top three chain scales – luxury, upper upscale, and upscale. Forecast data shows 114 hotel openings totaling 28,450 rooms expected in 2023 and 125 hotel openings accounting for 30,408 rooms expected in 2024.

“Dubai has taken a strategic approach to the hospitality industry, establishing a top-notch infrastructure and hosting world-renowned events to draw visitors from all over the world,” said Hussein Tawalbeh, Regional Director, Middle East and North Africa (MENA) for Agilysys. “Deepening Agilysys’ focus in the Middle East is a natural move as this region develops meaningful growth and exceptional hospitality experiences,” he added.

Mr. Tawalbeh’s hospitality experience in the Middle East includes leadership and management positions at global hospitality solution providers; and at in-region properties and management companies, including Radisson Blu; Kempenski Hotels and Autograph Collection.

Agilysys debuted its marketing presence in the Middle East as a sponsor of The Hospitality Network’s The 2022 Stakeholder Conference (thehospitalitynetwork.com) held 18-21 October 2022.

Don DeMarinis, Agilysys Senior Vice President, noted, “We were impressed by the hospitality leaders and decision-makers with whom we met at the 2022 Stakeholders Conference. Those conversations have informed our approach to bringing our market-leading hospitality solutions to the Middle East. In addition, we are excited to add Hussein Tawalbeh’s meaningful hospitality knowledge and experience in the Middle East to our team as we help leading properties in the region to achieve High Return Hospitality,” he concluded.

About Agilysys

Agilysys is well known for its long heritage of hospitality-focused technology innovation. The Company delivers modular and integrated software solutions and expertise to businesses seeking to maximize Return on Experience (ROE) through hospitality encounters that are both personal and profitable. Over time, customers achieve High Return Hospitality by consistently delighting guests, retaining staff and growing margins. Customers around the world include: branded and independent hotels; multi-amenity resort properties; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. The Agilysys Hospitality Cloud combines core operational systems for property management (PMS), point-of-sale (POS) and Inventory and Procurement (I&P) with Experience Enhancers that meaningfully improve interactions for guests and for employees across dimensions such as digital access, mobile convenience, self-service control, personal choice, payment options, service coverage and real-time insights to improve decisions. Core solutions and Experience Enhancers are selectively combined in Hospitality Solution Studios™ tailored to specific hospitality settings and business needs. www.Agilysys.com

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  245.60
-3.50 (-1.41%)
AAPL  275.44
+0.19 (0.07%)
AMD  254.94
+17.41 (7.33%)
BAC  54.19
+0.55 (1.03%)
GOOG  286.93
-4.81 (-1.65%)
META  612.73
-14.35 (-2.29%)
MSFT  508.66
-0.02 (-0.00%)
NVDA  192.26
-0.90 (-0.47%)
ORCL  227.27
-8.88 (-3.76%)
TSLA  431.43
-8.19 (-1.86%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.