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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 www.viability.ae…when 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 www.viability.ae…when 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 www.viability.ae…when 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 www.viability.ae…when diligence is due GCC Confirmed Future Hotel Pipeline Trends, 2007 - 2011

5 www.viability.ae…when diligence is due GCC Hotel Chain Rankings, September 2011 1Marriott 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 973 17Coral 967 18Wyndham 881 19City Seasons 845 20Citymax 753 21Premier Inn 742 22Formosa 737 23MGM 671 24MENA 584 25Southern Sun 552 26QNH 540 27Oetker 500 28Rocco Forte 440 29Ramee 415 30West 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 www.viability.ae…when diligence is due Future GCC Hotel Rooms/Suites by Chain, September 2011

7 www.viability.ae…when diligence is due Future GCC Hotels by Chain, September 2011

8 www.viability.ae…when diligence is due All Future GCC Letting Units by Chain, September 2011

9 www.viability.ae…when diligence is due Future GCC Hotel Rooms/Suites by Country, September 2011

10 www.viability.ae…when diligence is due Future GCC Hotel Rooms/Suites by Country, 2009-2011

11 www.viability.ae…when diligence is due Future GCC Hotels by Country, 2009-2011

12 www.viability.ae…when diligence is due Future GCC Hotel Rooms/Suites by City, September 2011

13 www.viability.ae…when diligence is due Future GCC Hotels by City, September 2011

14 www.viability.ae…when diligence is due Future GCC Hotels by Project Status, September 2011

15 www.viability.ae…when diligence is due GCC Hotel Projects Put on Hold or Cancelled, 2009- 2011

16 www.viability.ae…when diligence is due GCC Hotel Rooms/Suites Put on Hold or Cancelled, 2009-11

17 www.viability.ae…when 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 www.viability.ae…when 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 www.viability.ae…when diligence is due Abu Dhabi Pipeline NoBrandRoomsAptsVillasTotalYearRating 1Anantara223 20125 2Biltmore226 20135 3 Centro229 2011 3 4 Centro414 20123 5City Seasons355 20125 6City Seasons189 20123 7Citymax250 20153 8Courtyard by Marriott195 20144 9Cristal112 20114 10Danat11 20115 11Dusit Thani401131 53220125 12Fairmont446 20145 13Four Seasons200 12532520145 14Hotel Le Bristol250 20145 15Hotel Le Bristol250 20145 16Hyatt200 20115 17Ibis294 20123 18InterContinental275 20145 19Jumeirah400202 60220115 20Mandarin Oriental16035 19520145 21Marriott379 20145 22Millennium412229 64120125 23Movenpick473240 71320155 24Movenpick400 20155 25Movenpick500 20145 26Novotel361 20123 27Novotel16064 22420123 28Park Hyatt290 20115 29Premier Inn242 20113 30Premier Inn300 20133 31Ramada120 20114 32Regent37760 43720125 33Renaissance279132 41120145 34Ritz Carlton567 20125 35Rocco Forte281 20115 36Rosewood190140 33020125 37 Rotana354 13367 20145 38 Rotana315 20125 39Sofitel280 20125 40Southern Sun352 20134 41St. Regis279 20125 42St. Regis380 20115 43W330 20135 44Westin148 20115

20 www.viability.ae…when diligence is due Dubai Pipeline NoBrandRoomsAptsVillasTotalYearRating 1Novotel37690 46620124 2Pullman27876 35420124 3Sofitel356187 54320135 4Sofitel350 20135 5Auris337 20125 6Citymax Hotels150 20153 7City Seasons209 20144 8Corp Executive Hotel208 20114 9Fairmont382 20125 10Conrad559 20125 11Doubletree by Hilton344 20124 12Hilton415100 51520145 13Hilton371 20115 14Crowne Plaza407 20145 15Crowne Plaza400 20135 16Holiday Inn416 20154 17Jumeirah293 20125 18Courtyard by Marriott152 20154 19Courtyard by Marriott250 20134 20Courtyard by Marriott220 20154 21JW Marriott167 20135 22JW Marriott900 20125 23Marriott355 20125 24Renaissance300 20155 25Renaissance328 20135 26Ritz Carlton163 20125 27Melia164 20115 28Bellagio291160 45120145 29MGM Grand38020 40020145 30Millennium416 20115 31Ramee Grand175 20155 32Rosewood190 20125 33 Centro537 20143 34 Rayhaan428 20115 35Sheraton640 20145 36Palazzo Versace215 20125 37Ramada252 20114 38Movenpick168308 47620113 39Movenpick296 20125 40Movenpick324 20125 41Park Inn by Radisson268 20144 42Park Inn by Radisson31060 37020134

21 www.viability.ae…when diligence is due Survey Highlights 4 th largest pipeline ever recorded: 274 planned hotels with 77,020 rooms under development as at September 2011. 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 2009. 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 2010. 58 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 www.viability.ae…when diligence is due Thanks for listening Tel +971 3 344 3734 Fax +971 4 344 0907


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