Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai hotels eye expansion on par with big international brands  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) More and more dubai hotel brands are now gearing up to meet burgeoning demand as it paves the way for regional players to expand their portfolio.

on the sidelines of the concluding day of the four-day arabian travel market khaleej times spoke to some leading local players on the expansion plans of popular brands such as landmark hotel and suites auris flora hospitality and hospitality management holdings or hmh.

according to the dubai department of tourism and commerce marketing guest numbers across all hotel establishments — hotels and hotel apartments — in 2013 reached 11 million up from 9.95 million in 2012 with dubai’s top 10 hotel guest source markets being saudi arabia india the united kingdom the united states russia kuwait germany oman iran and china.

there will be an additional 141 hotel establishments added to the market in 2014-16 including 99 hotels and 48 hotel apartments bringing the total to 751 hotel establishments and just under 114000 rooms.

“dubai is now at the centre of global attention and it offers a phenomenal exposure to any economic sector. the emirate is evolved into a top business destination and has set very high quality standards and particularly the hotel industry as we are all about offering the best services to our consumers. the emirate is strategically located and hence every top international brand will strive to make its presence here. the country also offers best infrastructure facilities in financial and legal sphere” said hatem gasmi managing director of auris hotels.

“merely by complying with government rules and regulations itself will help us to operate here with high standards and help us to compete with the international hotel chains in dubai. this in a way helps us to show the investors market and guests that we can also offer similar level of services.”

currently auris manages 11 properties and is planning to expand its operations in dubai saudi arabia sudan and oman as well as few other projects in the middle east and north africa region.

mohammed rafi chief operating officer of flora hospitality said: “flora as a brand started in 2000 and is currently having eight properties including one in india. the brand is planning its future strategy with addition of five more properties in offing. we are a non-alcoholic regional brand and we always believe in setting up hotels in prime locations such as shopping malls metro stations which are strategically located as our apartments clientele are from the gcc.”

“now with dubai’s new initiative of world expo 2020 we are encouraged to expand our portfolio and hence the new five properties which will be completed by 2017. the expansion itself will cost us dh1.2 billion and that will help us to have additional inventory of up to 1250 keys against 800 keys.”

laurent a voivenel chief executive officer of hmh said: “we are a local brand with international presence with significant local presence of 20 hotels at the moment and six hotels scheduled to open by end of 2014. the coral brand is existing since 2003 and has been rebranded with new corporate identity. 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 or the beginning of 2015. the new hotels will boost the existing hmh portfolio by 25 per cent.”

khan naheed masarrat eam and head of sales and marketing at ramada deira said: “landmark hotels and suites was started in 1996 and currently we have eight hotels. we are planning to have landmark suites shaikh zayed road dubai by 2015; landmark hotel fujairah by 2015’ landmark hotel dip dubai by 2016; and landmark hotel maktoum road dubai by 2018.”

— sandhya?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help