2017 Middle East Hotel Survey – Chaos, Consolidation & Opportunity

The region continues to face distraught; dwindling economic conditions, changing demographics and source markets, and a saturation of luxury hotels pose an opportunity for developers to build mid-market.

About Aaron Laurie

Aaron Laurie is an Associate with HVS Dubai. Aaron specialises in hotel valuations, feasibility studies, and highest and best use studies across the Middle East and North Africa. Prior to joining the HVS Dubai office, Aaron served in both the HVS Vancouver and Toronto offices. Aaron is a graduate of the University of Guelph’s School of Business & Economics, Toronto, Canada, where he completed his Bachelor of Commerce degree, majoring in Hotel Administration and Real Estate Finance. For more information, contact alaurie@hvs.com

Hala Matar Choufany, President HVS Middle East and Africa, is the Managing Partner of HVS Dubai and is responsible for the firm's valuation and consulting work in the Middle East and Africa. She has worked on several mixed use developments and conducted numerous valuations, feasibility studies, operator searches, operational assessments, strategy advice in Europe, the Middle East, Africa and Asia. Hala has in-depth expertise in regional hotel markets and a broad exposure to international markets and maintains excellent contacts with developers, owners, operators, investment institutions and government entities. Before joining HVS International, Hala had several years of operational and managerial hotel industry experience. Hala is an official Member of the Royal Institution of Chartered Surveyors (MRICS) and also holds an MBA in Finance and Strategy from IMHI (Essec-Cornell) University, Paris, France. For more information contact, hchoufany@hvs.com

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