Middle East momentum Spotlight on hotel trends Dr' Costas Verginis Senior Manager Real Estate - PowerPoint PPT Presentation

Loading...

PPT – Middle East momentum Spotlight on hotel trends Dr' Costas Verginis Senior Manager Real Estate PowerPoint presentation | free to view - id: 24b630-OTBmM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Middle East momentum Spotlight on hotel trends Dr' Costas Verginis Senior Manager Real Estate

Description:

Between 10,000 and 25,000 new hotels will be required, the majority in mid ... Appetite for branded mid-market and budget hotels increasing dramatically ... – PowerPoint PPT presentation

Number of Views:105
Avg rating:3.0/5.0
Slides: 28
Provided by: MeganL
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Middle East momentum Spotlight on hotel trends Dr' Costas Verginis Senior Manager Real Estate


1
Middle East momentumSpotlight on hotel
trendsDr. Costas Verginis Senior
ManagerReal Estate Hospitality
ConsultingMarch 2007
2
Agenda
  • A word about us
  • Review of global trends
  • Review of Middle East trends
  • Outlook

3
HotelBenchmark by Deloitte
The market leaders in global hotel performance
data
  • Tracking over 7,200 hotels
  • Reporting on 420 markets
  • With over 10 years of historic data
  • Measuring occupancy, ARR, revPAR
  • Daily and monthly solution
  • More than just data
  • Range of thought leadership literature
  • Visit us at www.HotelBenchmark.com

4
Agenda
  • A word about us
  • Review of global trends
  • Review of Middle East trends
  • Outlook

5
A global perspective on growth
RevPAR - change
Source HotelBenchmark by Deloitte
6
Europe still the revPAR king
Seasonally adjusted revPAR
104
94
91
Source HotelBenchmark by Deloitte
7
Agenda
  • A word about us
  • Global trends
  • Middle East Trends
  • Outlook Hospitality 2010

8
HotelBenchmark coverage
Tracking 30 markets across the Middle East
North Africa
9
Middle East 3 years of positive growth
Seasonally adjusted revPAR
Source HotelBenchmark by Deloitte
10
Middle East cities whos driving growth?
Seasonally adjusted revPAR
Source HotelBenchmark by Deloitte
11
Middle East cities Dubai still leads the pack
Seasonally adjusted revPAR
197
129
128
79
44
Source HotelBenchmark by Deloitte
12
Looking back on 2006 another good year
RevPAR - change 06/05
Source HotelBenchmark by Deloitte
13
Rate growth driving performance
change 06/05
Source HotelBenchmark by Deloitte
14
But some markets struggling
change 06/05
Source HotelBenchmark by Deloitte
15
Final score absolute values
Source HotelBenchmark by Deloitte
16
Agenda
  • A word about us
  • Global trends
  • Middle East Trends
  • Outlook Hospitality 2010

17
What are the key trends?
  • Brand
  • Human assets
  • Technology
  • Emerging markets

18
Brand equity BusinessWeek/Interbrand Top 20
19
Brand What are the customers saying?
Experimental
Insperiance
Talk 2 me!
My wellbeing is key!
Whats in my room?
Who am I?
Basics
Aspirational
20
More experienced customers?
  • Silver consumers active, cash-and-time-rich
  • Multi-generational needs, wants and desires
  • Looking for experience
  • Are you prepared to welcome physically challenged
    and/or obese travellers?

21
The talent agenda
  • Sourcing future talent will require a new
    approach to HR
  • Multi-national
  • Multi-cultural
  • Multi-lingual
  • Multi-religious
  • Cross generational
  • Flexible and lifestyle orientated employment
  • No maximum retirement age
  • Are your hotels ready for the first Chinese
    visitors?

22
Enhancing technology?
23
Emerging markets 2010
24
Emerging markets 2010 An update
  • China
  • The existing 150 airports will expand to 240 by
    2010!
  • Beijing Airport is being renovated at investment
    of 2bn target is 35m PAX by 2007, rising to
    45m by 2008
  • For 2008 Olympics, hotel room count will rise
    from around 90,000 rooms today to 130,000
  • Between 10,000 and 25,000 new hotels will be
    required, the majority in mid/economy sectors
    targeted at the domestic markets

25
Emerging markets 2010 An update
  • The UAE
  • WTO predicts region will benefit from fastest
    growth in arrivals world-wide at 7 p.a. to 36m
    visitors
  • Dubai investing 45bn in infrastructure and
    tourism
  • Visitor numbers projected to increase from 6m, to
    10m by 2010 and to 25m by 2029
  • Appetite for branded mid-market and budget hotels
    increasing dramatically

26
Emerging markets 2010 An update
  • India
  • MOF raised allocation for tourism by 60 for 2006
  • Focusing on Buddhism, cruises, rural, adventure,
    spiritual and medical tourism
  • Open air agreement now in place - issue is
    airport infrastructure
  • Between 5,000 and 10,000 new hotels will be
    required, the majority in mid/economy sectors
    targeted at the domestic markets

27
To find out more please contact.
HotelBenchmark Visit us _at_ www.HotelBenchmark.com
Call 44 (0) 20 7007 3974 Email
HotelBenchmark_at_deloitte.co.uk
About PowerShow.com