A member of Saudi Arabia’s ruling family plans to invest $300m into a Turkish hotel chain, a newspaper report has claimed Bander bin Fahd al-Fehaid, who is also chairman of the Arab Tourism Organisation (ATO), will invest the cash into the ‘My Tuana’ chain, eventually taking the number of its hotel properties in Turkey to 20, according to Hurriyet Daily News. Turkish businessman Mehmet Yücel, who is reportedly al-Fehaid’s partner in the scheme, told the paper that a deal for four hotels has been agreed, while talks for another seven properties were progressing.
American yoghurt brand Chobani is launching a marketing offensive in Australia next week, with TV, outdoor and social media in the mix. This week marks the expansion of the yoghurt brand into Victoria, following its launch in New South Wales in November last year.
Turkish Airlines (THY) will start flying to the Argentinean capital of Buenos Aires, the second largest metropolitan area in South America with some 13 million inhabitants, in June, its CEO, Temel Kotil, has announced.
