Swiss-Belhotel International to target opening 25 hotels by 2025 in MENA region
Swiss-Belhotel International accelerates expansion in the Gulf Cooperation Council (GCC), opening 7 hotels in the region in 2020.
Swiss-Belhotel International has identified the GCC as its main growth market in the MENA region.
Unveiling the group’s expansion strategy at the Arabian Travel Market, Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India, Swiss-Belhotel International, stated, “Geographically speaking, our key focus is to expand and reinforce our position in the GCC through strong organic growth with an objective to have a hotel in operation in every GCC country by the first quarter of 2020.”
Laurent stressed, “The region continues to present us with fantastic opportunities to further enhance and diversify our portfolio. We are going to open this year in the GCC seven exceptional hotels – two in Kuwait, one in Oman, two in Bahrain, one in Saudi Arabia and one in Qatar. In addition, we have a robust development pipeline that will double our inventory of keys by 2020.”
The Middle East is the third largest growth market for Swiss-Belhotel International after Asia, New Zealand and Australia. Laurent stressed, “With 17% of our global portfolio of hotels centered in the Middle East and Africa region, comprising 3000 rooms, it is a very important region for us.”
“Overall our strategy is to accelerate expansion across the MENA region whereby we have mapped out exciting opportunities. Our target is to have 25 hotels representing approximately 6000 rooms in the region. However, GCC will continue to be our biggest market with 60 percent of the portfolio concentrated here in high-growth business and leisure destinations by 2025.”
Elaborating on the development and the ambitious tourism strategy set out by regional governments, Laurent added, “The huge investment in airports, infrastructure and hotels, broadening portfolio of attractions and facilities, diversification of source markets and collaboration between various business sectors are all accelerating the pace of the GCC’s growth into the future and at Swiss-Belhotel International we are well-placed to capitalise on the opportunity. The upcoming openings, representing our compelling portfolio of diverse brands, will strengthen our presence in the region while giving more choice to travellers.”