HMH - Hospitality Management Holdings has
unveiled ambitious expansion plans for the GCC.
Laurent A. Voivenel, CEO, HMH, said, "By 2020
our aim is to have a hotel in every GCC country while doubling our
portfolio in Dubai and we certainly believe it is achievable.
Dubai's successful bid for World Expo 2020 is a massive stimulant
for the entire (GCC) region's hospitality and meetings industry
accelerating economic growth and development. The GCC's
hospitality market is expected to grow at an annual rate of 8.1%
to $28.3 billion by 2016 compared to $19.2 billion in 2011. The
Expo will deliver global exposure for the UAE and its tourism
sector, including its world-class infrastructure. Therefore, being
based in Dubai, it presents an unprecedented opportunity for our
group and our various brands that we are eager to capitalize on."
HMH has a strong presence in the region, with 20
hotels in operation and five new properties opening later this
year in quick succession.
Coral Muscat Hotel & Apartments, Coral
Dubai Sports City Hotel & Apartments, Coral Beirut Concorde Hotel,
EWA Khartoum Hotel & Apartments and EWA Port Sudan Hotel &
Apartments are all in advanced stages of development and are
expected to welcome their first guests by the last quarter of 2014
/ beginning of 2015.
The new hotels will boost the existing HMH
portfolio by 25%. In addition, HMH has a solid development
pipeline with the group scouting opportunities to roll out its
budget brand to cater to the growing segment of low-cost
Laurent stressed, "Besides the above five
hotels, we plan to add another two properties to our portfolio in
2015 and two in 2016. With a value-oriented and disciplined
approach our objective is to unlock HMH's full potential while
maximizing operating performance of each asset we put our name
The Middle East/Africa hotel development
pipeline comprises of 498 hotels totalling 120,119 rooms. Dubai
has the largest number of rooms under construction (10,970 rooms).
Five other markets reported more than 2,000 rooms under
construction: Makkah, Saudi Arabia (6,927 rooms); Riyadh, Saudi
Arabia (5,804 rooms); Doha, Qatar (4,944 rooms); Abu Dhabi, United
Arab Emirates (3,036 rooms); and Jeddah, Saudi Arabia (2,569
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