Hospitality News
Panda Holds PACE with Suppliers to Tackle Global Inflation
Panda Retail Company held its first annual event for suppliers: “PACE” (Panda Annual Collaborative Event), at The Venue Jeddah Corniche Hotel. PACE focused on empowering people to live a better life, discussing the local and international impacts of inflation, and finding solutions to ensure consumers are protected from the worst inflationary effects.
Inflation and food security
The CEO of Panda Retail Company, Dr. Bander Talaat Hamooh, confirmed the importance of establishing the “PACE” event, which comes as an extension of the support provided by wise leadership to find practical solutions and facilitate better customer experience in the retail sector. Dr. Hamooh was grateful for the submission of the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Muhammad bin Salman, for a number of initiatives that contribute to reducing the effects of inflation on consumers in the Kingdom.
He added that Panda played a strong part in the “Ma tegla alik” campaign launched by the Federation of Saudi Chambers in collaborative with the Chambers of Commerce to provide basic food commodities at reduced prices, including over 40 basic items such as chicken, eggs, rice, milk, oils, meat, and others.
Hamooh said “as an extension of government initiatives, Panda Retail Company launched an innovative campaign entitled “Thabatn’aha”, to reduce and fix the prices of more than 300 commodities in all its branches around the Kingdom of Saudi Arabia, assisting families in an economical consumer experience, in addition to providing solutions that ensure a more efficient shopping experience.”
He added, “The company is working with its strategic suppliers for practical solutions to absorb the effects of global inflation on customers so that they do not feel its repercussions and effects, which confirms its national duty, based on being the leading and most widespread chain of stores in the Kingdom.”
Supporting local industries
Among the main topics discussed at the “PACE” event was the importance of supporting national industries to strengthen the Saudi national economy. Panda Retail Company was keen to support the “Made in Saudi Arabia” program launched by His Highness the Crown Prince in March 2021, which is a national initiative affiliated with the Saudi Export Development Authority, and emanating from the National Industry Development and Logistics program (NIDLP). The program aims to stimulate national industries, encourage consumers to buy local commodities and develop the Kingdom’s exports to global markets.
Panda is one of the Kingdom’s large retail stores that dedicated branches and e-commerce to display national commodities conforming to the “Saudi Made” identity in order to increase the pride and loyalty levels by directing the purchasing power toward them through the “Made in Saudi Arabia” program, and through the marketing and promotional efforts that succeeded in increasing the value and status of national products in local markets.
Panda plays an important role in empowering people to live a better life, in line with the objectives of the “Quality of Life” program, one of the most important programs of the Kingdom’s Vision 2030 which Panda has been proactively supporting since its launch by facilitating points of sales for SMEs to market their products in all its branches in the Kingdom.
Digitization and customer experience
The “PACE” event demonstrated Panda Company’s efforts in implementing a number of projects in the “Reformulating the Concept of Shopping” program, to keep pace with the world’s accelerated digital transformation in line with the Kingdom’s Vision 2030, which will reflect positively on sustainable development and create a competitive climate for customers’ best interests.
Panda now has highly innovative efficiency in improving customer experience, whether through the design of its branches spread across the Kingdom or through a digital entertainment shopping industry. This has resulted in massive transformation of rapid and unprecedented technological innovation and has been reflected in customer interaction providing distinctive shopping experiences as well as an improvement in customer purchasing habits.
By organizing the “PACE” event, Panda strengthened its role in redefining the retail customer experience, which contributes to achieving its vision of sustainable leadership in the retail market based on a creative approach to gaining customers’ trust, as well as sharing its positive view on the national economy.
Hospitality
10 REASONS WHY SIYAM WORLD IS THE MALDIVES’ ULTIMATE SUMMER PLAYGROUND

Think summer in the Maldives is all about sipping cocktails and doing absolutely nothing? You could. But at Siyam World Maldives, you could also swim with sharks, race electric go-karts, become a certified mermaid, train with football legends and explore one of the Maldives’ newest shipwrecks, all before deciding what is for dinner. Because normal island holidays are not really our thing. Here are 10 reasons why Siyam World is turning up the fun this summer.
1. Dive into the Maldives’ Newest Obsession
Some resorts have house reefs. Siyam World has a shipwreck. The newest underwater attraction in Noonu Atoll is a 66 metre former Maldivian tuna freighter that now rests beneath the surface, ready to be explored by divers and marine life alike. Today it is an exciting new wreck dive. Tomorrow it will become a thriving artificial reef. Not bad for a retired fishing boat.
2. Train with Football Legends
This August, young football fans can swap the local pitch for paradise as former Premier League stars Andrew Johnson and Wayne Routledge arrive at Siyam World for two exclusive football camps. Not every summer holiday comes with professional coaching and ocean views. 10th – 14th AUGUST 2026 – Andrew Johnson / 15th – 19th AUGUST 2026 – Wayne Routledge. For kids between the ages of 5-12 years. More info here:
3. Swim with Sharks. Brag About It Later.
Swimming with sharks sounds terrifying. Until you realise these are gentle nurse sharks and curious sea turtles gliding through crystal clear waters. A three-hour snorkelling trip suddenly becomes one of those holiday stories you will tell for years.
4. The Floor Is Lava. The Water Park Is Not.
The Maldives’ biggest floating water park is basically an invitation to unleash your inner child. Climb it. Jump off it. Race your friends. Repeat.
5. Become a Mermaid. Seriously.
Some people come home from holiday with a tan. Others leave Siyam World with a mermaid certificate. This Try Mermaid Pool Program includes one session in the pool, all the equipment you’ll need as well as a certificate of completion. We know which one sounds more fun.
6. Golf, But Make It Shipwrecked.
Take on the Shipwrecked golf challenge, compete with friends and maybe even win resort credit while you are at it. Losing gracefully is optional.
7. Saddle Up, Maldives Style
Horse riding is probably not the first thing that comes to mind when you think of the Maldives. That is exactly why we love it.
8. Dinner Underground, Island Style
Hidden beneath the island, Barrique is home to exceptional wines, curated menus and one of the most unique dining experiences in the Maldives. Choose between multiple course gourmet tasting menus that are served surrounded by hundreds of world-renowned vintages, where our sommelier is ready to take you through a wine journey that you will never forget. Because even adventure seekers need a sophisticated evening now and then.
9. Swap Flip-Flops for Pole Position
Who says paradise cannot come with a little friendly competition? Siyam World’s electric go-karts bring speed, excitement and plenty of laughs to the island, proving once again that this is a destination designed for those who like their holidays with a side of adventure.
10. Take on the Delmare Golf Challenge
Add a competitive twist to your stay with Siyam World’s golf challenge at Shipwrecked. Guests have the chance to win resort credit while enjoying a fun and social activity set against the backdrop of the ocean. Fun fact, the gold balls are fish food.
To make the most of summer, Siyam World is offering an exclusive limited-time offer with up to 45% off best available rates, complemented by added benefits including complimentary shared seaplane transfers on selected stays, USD 150 resort credit per bedroom, and a one-time floating breakfast for longer stays. Guests can enjoy the full Premium 24-hour WOW! all-inclusive experience, with up to two children under 12 staying and dining complimentary. The offer is available for bookings until 31 August 2026, for stays until 31 October 2027. Then tell us again that the Maldives is only for doing nothing.
Hospitality
IDEAS NAMED A LEADER IN INAUGURAL IDC MARKETSCAPE FOR HOSPITALITY REVENUE MANAGEMENT SYSTEMS
IDeaS, a SAS company and a provider of AI-powered hospitality revenue management software, today announced it has been named a Leader in the IDC MarketScape: Worldwide Revenue Management Systems in Hospitality 2026 Vendor Assessment.[i]
The recognition comes as hospitality revenue management enters a new era, evolving from standalone pricing tools into integrated commercial intelligence platforms. According to the IDC MarketScape, “The hospitality revenue management system market is at a genuine inflection point. The convergence of AI maturity, platform consolidation, and expanding commercial scope is redefining what an RMS is expected to do and for whom.”
Dorothy Creamer, Senior Research Manager, Hospitality and Travel Strategies, IDC, noted “Differentiation emerges with vendors that believe genuine automation requires a rigorous forecasting foundation, not just rules that appear to run themselves.”
The IDC MarketScape further highlights IDeaS’ broader commercial capabilities, noting that “the company has built a portfolio of commercial capabilities around its core RMS, spanning business intelligence, total revenue planning, portfolio management, function space optimization, and marketing demand management.”
From Automation to Decision Intelligence
“This is a turning point for hospitality,” said Dr. Ravi Mehrotra, President, Co-Founder and Chief Scientist at IDeaS. “The industry is moving beyond surface-level automation toward decision intelligence built on rigorous forecasting science, explainable AI and connected data. Hotels don’t need more recommendations; they need confidence in every decision they make across the business. That’s the shift I believe this recognition reflects.”
Mehrotra continued, “As pressure mounts to respond faster to changing market conditions, hotels are rethinking how they connect revenue decisions with broader commercial strategy. We believe the IDC MarketScape emphasizes that the most effective systems are those that balance advanced automation with transparency and control, enabling teams to act quickly while maintaining trust in the underlying models.”
Beyond Pricing: A Broader Commercial Role
The IDC MarketScape also highlights a clear industry shift: “The hospitality technology stack has gotten thornier, with more integrations, more booking channels, and simply more data sources that are often highly siloed and fragmented.”
That shift is already accelerating. IDeaS recently reported strong adoption of its broader commercial strategy solutions, reflecting growing demand for technologies that unify revenue, marketing, sales and operational decisions into a single, coordinated approach.
And as hotel teams are increasingly tasked with making faster, more complex decisions across multiple functions, IDeaS continues to expand its capabilities to meet this need. By bringing together revenue management, business intelligence, financial planning and portfolio-level insight into a unified commercial framework, IDeaS helps organizations make more confident decisions across the business.
But as these commercial decisions become increasingly AI-driven, confidence depends not only on automation, but also on understanding how and why decisions are made.
Trust as the Foundation of AI-driven Decisions
As AI adoption accelerates, explainability has become a defining requirement for revenue management. The report highlights that revenue managers must be able to understand and defend the logic behind system-driven recommendations, reinforcing the importance of transparency alongside automation.
“AI without trust is just noise,” added Mehrotra. “The future belongs to systems that don’t just automate decisions, but make them understandable, actionable and aligned with how hotels actually operate.”
To learn more about the IDC MarketScape assessment and what it means for hospitality revenue management, download an excerpt of the paper here.
Hospitality
BEACH STAYS, THE VIDA WAY SWAP THE MARINA FOR THE BEACH, SOAK UP THE SUNSHINE, AND MAKE EVERY STAY A LITTLE MORE UNFORGETTABLE.

Your Dubai stay just unlocked its ultimate plot twist. Check into Vida Dubai Marina & Yacht Club, then swap skyline views for shoreline bliss with complimentary beach access at Address Beach Resort on selected room categories. Morning coffee by the marina, afternoon swims by the sea, and golden hour back at the yacht club? That’s a holiday itinerary that just makes sense.
Think less choosing between city and coast, more having both. Lounge by the beach, enjoy exclusive savings at the beach outlets, then head back to the energy of Dubai Marina. With complimentary access for children below 12 years too, it’s the kind of summer upgrade that gives you two iconic Dubai experiences in one stay.
Date: Until 30 September 2026
Offer:
– Complimentary beach access at Address Beach Resort for selected room categories
– Complimentary return transfers between Vida Dubai Marina and Address Beach Resort
– Complimentary beach access for children below 12 years
– 20% savings on food and beverages at the beach outlets
Venues: Vida Dubai Marina & Yacht Club and Address Beach Resort
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