We raise key concerns and questions that are worth reflecting on to address the complex “new normal” that will govern future investments and operations in our industry. Although COVID-19 has challenged our fundamental forecasting approach that typically relies on predictable market trends and metrics, we share our assumptions pertaining to what the recovery model may look like for select cities in the GCC and the likely impact on EBITDA.
HVS is pleased to share the Hospitality GCC- Hotel Owner & Investor Survey. Despite the challenges and uncertainty, there will be better times and the hospitality and travel market will eventually come out stronger. The future winners are those that will create an ecosystem that is built on ethical principles and promotes a behavior that reflects a good corporate citizenship. Finally a strong risk mitigation approach, flexibility and innovation will remain key traits of successful organization
This report presents the trends in hotel development costs across key markets in the Middle East. It highlights the current development costs for different hotel classifications and discusses the various factors that affect changes in these costs.
The 2022 World Cup commitments & the 2030 National Plan vision, Doha’s hospitality sector continues to undergo major transformation. The article provides an in-depth overview of Doha hotel market, incorporating a performance forecast up to 2016.
After reaching the milestone of 1 billion US$ generated revenue in 2012, Oman’s tourism sector has much to look forward to in the upcoming years, particularly with the development of major projects such as the Omagine,The Wave, Jebel Sifah and OCEC.
The Kurdistan Region is a federated region in Northern Iraq consisting of three main governorates, Erbil, Sulaymaniyah, and Duhok.
Strategically located within proximity of major routes between Asia and Europe, Ras Al Khaimah has witnessed rapidly accelerating economic growth during recent years, with the hospitality sector reaching new milestones year on year.
The 2013 Middle East Hotel Survey provides market aggregate, key performance indicators reinforcing the resilience of the region, moreover offering investors an indication of maximum supportable development costs when undertaking hotel investments.
Recent macroeconomic figures suggest a growth in GDP resulting in further strengthening of the country’s economy. The Dubai hotel market witnessed a significant increase in performance wherein some submarkets recorded double-digit RevPAR growth.
Cairo Sharm El Sheikh, Before and After examines the episode between 2011 and 2012. The hospitality sector in Egypt endured the backlash and the repercussions of the infamously titled Arab Spring, with the hotel sector being one of the hardest hit.