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Www.viability.ae…when diligence is due GCC Hotels Future Pipeline Survey, September 2011 September 14 th, Jumeirah Beach Hotel, Dubai. Presenter: Guy Wilkinson,

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Presentation on theme: "Www.viability.ae…when diligence is due GCC Hotels Future Pipeline Survey, September 2011 September 14 th, Jumeirah Beach Hotel, Dubai. Presenter: Guy Wilkinson,"— Presentation transcript:

1 diligence is due GCC Hotels Future Pipeline Survey, September 2011 September 14 th, Jumeirah Beach Hotel, Dubai. Presenter: Guy Wilkinson, Viability Hyatt at Capital Gate, Abu Dhabi

2 diligence is due Viability Management Consultants Hospitality and real estate development consultancy Established in 2006 Principals have consulted in every country in the Middle East except Iraq, as well as many in Africa Specialized in providing: – Bankable feasibility, market and related studies – Operator selection and contract negotiations – Strategic advice Reputation for quality, detail and realistic advice Truly an expert consulting company. …a most valuable contribution to our knowledge base. All responses from Viability were exceptionally prompt and pertinent.

3 diligence is due Viabilitys annual GCC future hotel survey: methodology 13 th continual year of survey. All chains active in the GCC are canvassed directly. Ranking based on numbers of rooms and suites only. Ranking includes only chain hotel projects that are firmly committed. Excluded: – All rumoured projects. – All unsigned projects. – All projects for which opening dates have yet to be confirmed. – All single owner-operated properties. – All serviced and residential apartments, chalets and villas (but more on those later...)

4 diligence is due GCC Confirmed Future Hotel Pipeline Trends,

5 diligence is due GCC Hotel Chain Rankings, September Marriott 10,472 2Hilton 9,894 3IHG 7,316 4Rotana 5,367 5Starwood 4,938 6Accor 4,422 7Fairmont Raffles 3,966 8Millennium 3,745 9Movenpick 3,187 10Rezidor 2,233 11Best Western 2,132 12Kempinski 1,779 13Jumeirah 1,428 14Hyatt 1,340 15Golden Tulip 1,250 16Four Seasons Coral Wyndham City Seasons Citymax Premier Inn Formosa MGM MENA Southern Sun QNH Oetker Rocco Forte Ramee West Paces 414 1Marriott33 2IHG26 3Hilton24 4Rotana18 5Accor17 6Starwood17 7Millennium15 8Best Western10 9Movenpick9 10Rezidor9 11Coral7 12Fairmont Raffles7 13Golden Tulip7 14Kempinski6 15Jumeirah5 16Citymax4 17Four Seasons4 18Hyatt4 19Wyndham4 20Anantara3 21City Seasons3 22MENA3 23Premier Inn3 24QNH3 25Ramee3 26Ayla2 27Banyan Tree2 28Formosa2 29Mandarin Oriental2 30MGM2 Rooms/Suites Hotels

6 diligence is due Future GCC Hotel Rooms/Suites by Chain, September 2011

7 diligence is due Future GCC Hotels by Chain, September 2011

8 diligence is due All Future GCC Letting Units by Chain, September 2011

9 diligence is due Future GCC Hotel Rooms/Suites by Country, September 2011

10 diligence is due Future GCC Hotel Rooms/Suites by Country,

11 diligence is due Future GCC Hotels by Country,

12 diligence is due Future GCC Hotel Rooms/Suites by City, September 2011

13 diligence is due Future GCC Hotels by City, September 2011

14 diligence is due Future GCC Hotels by Project Status, September 2011

15 diligence is due GCC Hotel Projects Put on Hold or Cancelled,

16 diligence is due GCC Hotel Rooms/Suites Put on Hold or Cancelled,

17 diligence is due Jabal Omar, Makkah $5.5bn project largely responsible for keeping Marriott, Hilton and Hyatt at the top of the rankings. Between them, these three leading operators are planning to open 12 hotels with almost 7,000 rooms in the Jabal Omar project. Hilton alone will open no less than 6 hotels with >4,000 rooms at Jabal Omar, under its Conrad, Hilton, Hilton Suites and DoubleTree brands.

18 diligence is due New Chains & Brands Ayla is a new operator specializing in Al Ain in Abu Dhabi emirate. Taiwanese company Formosa will open the first Regent hotel in Abu Dhabi, having bought the brand from Rezidor. Mandarin Oriental is making its GCC debut with properties in Abu Dhabi and Doha. Saudi chain Mena will soon open its first non- Saudi property in Muscat. MGM, star of Las Vegas, is bringing its Bellagio and MGM Grand brands to the Dubai Pearl project. Established by former Ritz-Carlton pioneers, West Paces is debuting its luxurious Solis brand in Doha. Accor will open the first example of its design- focussed MGallery concept in Doha. Hyatt Place, formerly AmeriSuites, will open in Makkah. The first Langham Place will be in Doha. Millenniums upscale brand The Biltmore will debut in Abu Dhabi. Swiss Belhotel will launch Swiss Bellin and Swiss Belexpress hotels in Oman. Regent Emirates Pearl Hotel, Abu Dhabi

19 diligence is due Abu Dhabi Pipeline NoBrandRoomsAptsVillasTotalYearRating 1Anantara Biltmore Centro Centro City Seasons City Seasons Citymax Courtyard by Marriott Cristal Danat Dusit Thani Fairmont Four Seasons Hotel Le Bristol Hotel Le Bristol Hyatt Ibis InterContinental Jumeirah Mandarin Oriental Marriott Millennium Movenpick Movenpick Movenpick Novotel Novotel Park Hyatt Premier Inn Premier Inn Ramada Regent Renaissance Ritz Carlton Rocco Forte Rosewood Rotana Rotana Sofitel Southern Sun St. Regis St. Regis W Westin

20 diligence is due Dubai Pipeline NoBrandRoomsAptsVillasTotalYearRating 1Novotel Pullman Sofitel Sofitel Auris Citymax Hotels City Seasons Corp Executive Hotel Fairmont Conrad Doubletree by Hilton Hilton Hilton Crowne Plaza Crowne Plaza Holiday Inn Jumeirah Courtyard by Marriott Courtyard by Marriott Courtyard by Marriott JW Marriott JW Marriott Marriott Renaissance Renaissance Ritz Carlton Melia Bellagio MGM Grand Millennium Ramee Grand Rosewood Centro Rayhaan Sheraton Palazzo Versace Ramada Movenpick Movenpick Movenpick Park Inn by Radisson Park Inn by Radisson

21 diligence is due Survey Highlights 4 th largest pipeline ever recorded: 274 planned hotels with 77,020 rooms under development as at September Just a 9% reduction over 2010 levels of rooms development and a 20% fall compared to 2009, the all-time record year. 15 chains each declaring more than 1,000 rooms under development, compared to 23 in US chain Marriott again ranked No 1, with an all-time record rooms pipeline exceeding 10,000 rooms for the first time ever. Survey canvassed 104 hotels chains active in our region, compared to 80 last year. Of these, 45 chains declared future pipelines (+4 serviced apartment chains). UAE still has the largest country pipeline, while Dubai and Abu Dhabi have the largest city pipelines. 98 projects had been delayed by between 1 and 5 years compared to their original programmes declared to us in projects had been put on hold or cancelled altogether since the 2010 rankings, accounting for 15,757 potential rooms. Since the recession started in earnest, back in 2009, we calculate that around 50,000 rooms in total have fallen into this category.

22 diligence is due Thanks for listening Tel Fax


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