Rezidor plans 18 more Middle East hotels after Record year
The Rezidor Hotel Group, after a record year of hotel openings in the Middle East shows no signs of slowing down their expansion plans in the region as it plans a further 18 new Middle East hotels to be built over the next 3 years.
The Belgium-based Rezidor Hotel Group, one of the world’s fastest growing hotel chains, shows no sign of slowing down their ambitious expansion plans in the Middle East by planning a further 18 new Dubai hotels, Oman hotels and Egypt hotels over the course of three years.
After a record-breaking year which saw the hotel opening five new Middle East hotels in spite of global economic downturn, the company is still thirsty for more new hotel properties in the region. Rezidor’s Chief Executive, Kurt Ritter explained howthe company wants to add about 5 hotels a year under a plan to increase to 40 the number of Middle East hotels it manages from the 22 hotels it currently operates.
"We are opening five hotels a year more or less in the region. We will keep that pace if not accelerate it," said Ritter, adding that Rezidor was looking at more opportunities for adding properties in several Middle Eastern cities in addition to more Libya and Egypt hotels.
"The Middle East is doing very well compared to the rest of the world," he continued. "It has been fortunate in a way with the crunch coming late and with a much lesser impact than in Europe and the US."
Ritter said while the decline in worldwide holidaymakers taking Dubai holidays was significant, it fell from very high levels. And whilst occupancies and RevPAR are still declining in Europe, the Middle East is fairing relatively better, said Ritter. "We are looking everywhere ... in all the cities where it makes sense for us to be present."
One the company’s 2009 highlights was the introduction of its new mid-market bard, the ‘Park Inn’ which saw opening of Middle East hotels in Oman and Saudi Arabia with a third Park Inn scheduled for November as the newest of Abu Dhabi hotels, right at Yas Island – the home of the inaugural 2009 Formula One™ Etihad Airways Grand Prix.
Rezidor, which manages luxury brands such as Regent, Missoni, and Radisson, is also looking to bring its mid-market Park Inn hotels to the region to tap the growing market segment. And, according to Rezidor's CEO & President, Kurt Ritter, the increased mid-market brand openings are indicative of growing regional demand for cost-effective travel solutions.
"Generally, the Middle East is an extremely tough and fast moving market compared to Europe. It has always been very luxury orientated but we are now seeing an escalating trend for mid-market brands such as our Park Inn. This was a natural progression and one which we identified early on as a key growth area in the Middle East,"
"I am sure the Middle East will accept the trend of mid-market hotels in time," he added. "There are many five-star hotels and the little crummy local hotels but nothing in between and I think there is a big opportunity there."
Talk to a specialist
Call 020 7644 1770 to speak with our award-winning travel consultants.
Opening hours 09:00 - 21:00 GMT
Popular Holidays In Middle East Browse all
Chill at The Palm's newest luxury retreat, be wowed by the touches of opulence on every corner and be seduced by our amazing prize tag!
- Rooms boast a balcony with stunning view of the Arabian Gulf, includes free Wi-Fi
- Complimentary Access to So Fit "Gym, Sauna & Steam" with 25% disconut at SO SPA in addition to free Wi-Fi
- Choose from 7 dining venues including gourmet options and enjoy access to 5 opulent bars
Treat your family to an unforgettable Arabian adventure and make a splash at the world's most extravagant aquatic hotel!
- Free Half Board with a huge range of dining options
- Free access to Aquaventure and Lost Chambers
- Experience the culinary gourmet adventure with over 22 world-class restaurants, lounges and bars including the Michelin star restaurant Nobu
Enjoy the scenic beachside locations perfectly set against a lush mountainous backdrop
- Let little ones enjoy the fantastic activities at the kids club
- Tuck into delicious cuisine from around the globe
- Onsite PADI centre offers amazing night and wreck diving excursions
Prepare to be wowed and dazzled by mystical encounters, ancient cities, marvellous wonders and unique sites as you discover the real and magical Jordan.
- Enjoy a stop-off at Mount Nebo where Prophet Moses viewed the Promised Land
- Visit the Dead Sea & enjoy a drive along the 2000-year-old Kings Highway
- Experience Petra, a UNESCO World Heritage Site, recently voted as one of the New 7 Wonders of the World
One of the most sought-after locations in the magical city of Dubai is the artificial island of Jumeirah. Enjoy the...
Located on the man-made island of Al Marjan, Rixos Bab Al Bahr lies near Ras Al Khaimah. Everything from tourist...
Discover the beauty of Ras al Khaimah during your stay at the luxurious Doubletree by Hilton Resort and Spa Marjan...
The Gloria Hotel & Apartments is a stunning suite and apartment hotel that is ideally located in the heart of Dubai. It...
Experience luxurious accommodations, modern business and leisure amenities and an ideal location in the heart of Abu...
Rove City Centre is one of Dubai's newest hotels, offering a year-round outdoor pool and fitness centre. Conveniently...