Coral Boutique Hotel to Open in Baghdad

Featuring 80 rooms and suites, Coral Boutique Hotel Baghdad is in advanced stages of development and due for opening in the next few weeks.Boasting premium amenities, all guestrooms are equippedwith state-of-the-art technology.Superb dining, flexible and intimate meeting spaces, and fantastic leisure options make for a memorable stay.Khalid stressed, “No matter what brings you to Baghdad, at the Coral Boutique Hotel your every need will be graciously met in the highest degree of safety and security. It is a place you will want to come back to again and again.”

“Iraq is a lot safer now and with all its history and civilizationis once again drawing people and always will,” Michel stressed.“From the ruins of Babylon to the historical riches of Baghdad, it is one of the most ancient cradles of civilization boasting some of the finest archaeological and holy sites in the world.”

The number of tourists visiting Iraq is growing rapidly. An estimated 1.5 million people visited the country in 2011, up from 1.25 million in 2009 and just 266,000 in 2006. In addition to its touristic charm, there is massive economic development taking place in the country that has resulted in a large number of business travellers. Over 2 million people are expected to visit Iraq this year. As a result the airline and hotel capacity are on the rise too.

A Citybank study on the fastest-growing economies placed Iraq second out of 10 nations with the most promising growth prospects for the period 2010-2015, with a yearly increase in GDP of 11.7%. Iraq’s National Development Plan (2010-2014) calls for $186bn in spending to set the country on course to become a diverse and competitive economy dominated by the private sector.

Michel said, “It is no doubt a very promising scenario and gives our brands a unique opportunity for growth and expansion. We have two more hotels under negotiation in the country.”

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