viability gcc future chain hotel pipeline survey 2014
TRANSCRIPT
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GCC Pipeline: Another Record-Breaking Year!April 26th 2014, Le Meridien Dubai*
* This version updated in June 2014 Marsa Malaz Hotel Kempinski, The Pearl Qatar
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Viability’s Annual GCC Future Chain Hotel Survey: Methodology
• 14th year of survey• 134 chains active in the GCC were canvassed directly• All letting units included (rooms, suites, apartments & villas) • Excluded:
– All rumoured projects– All unsigned projects– All projects with unconfirmed room counts– All projects on hold or with unconfirmed opening dates– All single owner-operated properties
• Includes announcements at Arabian Travel Market
No need to take notes!Copies of this Presentation available Afterwards
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Survey Top-Line Data
• 134 chains canvassed
• 72 chains confirmed future pipeline
• Equivalent to 54% in active development mode
• 391 chain properties (cp. 325 in 2009)
• 101,123 keys (cp 92,016 in 2009)
• Opening between 2014 and 2019
• 6 GCC countries
• 34 cities/towns
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Total Pipeline Keys: Distribution by Country
Bahrain; 3251; 3% Kuwait; 1147; 1% Oman; 5836; 6%
Qatar; 10777; 11%
Saudi Arabia; 36880; 36%
UAE; 43232; 43%
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Total Pipeline Keys: Distribution by Year
Yr 2014; 24418; 24%
Yr 2015; 29353; 29%
Yr 2016; 26086; 26%
Yr 2017; 12570; 12%
Yr 2018; 5280; 5%Yr 2019; 3416; 3%
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Total Pipeline Keys: Distribution by Star Rating
5-Star; 62074; 61%
4-Star; 30231; 30%
3-Star; 8631; 9% 2-Star; 187; 0%
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Total Pipeline Keys: Distribution by Chain (Top 20)
HiltonStarwood
MarriottAccor
RotanaIHG
MillenniumWyndham
HyattGolden Tulip
Rezidor Fairmont Raffles
The AddressPremier Inn
AnjumViceroy
TimeKempinskiBin Majid
Four SeasonsOthers
- 5,000 10,000 15,000 20,000 25,000 9,593
7,912 7,707
6,919 6,729
5,480 4,634
3,884 3,678
3,104 3,070
2,500 2,448
1,848 1,743
1,378 1,273 1,259 1,210 1,194
23,560
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Total Pipeline Keys: Distribution by Cities/Towns (Top 20)
DubaiMakkah
DohaAbu Dhabi
RiyadhJeddahMuscat
ManamaAl Khobar
Ras Al KhaimahMadinahSharjah
Kuwait CityFujairah
Al AinJizan
SalalahAjmanSohar
TaboukOthers
- 5,000 10,000 15,000 20,000 25,000 30,000 28,419
13,724 10,777
9,058 8,954
7,969 4,597
3,078 1,729 1,698 1,540
1,182 1,147 1,077
780 702 506 489 370 370
2,957
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Dubai Ranking
Ibis Dubai World Trade Centre extension
Chain Hotels Keys RankMarriott 10 2,596 1Starwood 5 2,530 2The Address 7 2,448 3Wyndham 3 1,889 4Rotana 5 1,511 5Hilton 5 1,505 6Accor 4 1,390 7Viceroy 3 1,378 8Paramount 2 1,047 9Flora 4 920 10Hyatt 1 869 11Premier Inn 3 827 12MGM 3 692 13Auris 3 635 14Rezidor 3 633 15IHG 2 608 16Coral 2 532 17Bin Majid 2 500 18Citymax 2 495 19Jumeirah 1 435 20
ChainHotel
s Keys RankLangham 1 323 22Emirates Grand 1 300 23Taj 1 296 24Frasers 2 281 25Ramee 1 265 26Baccarat 1 263 27Blue Bay 2 260 28Fairmont Raffles 1 260 29Rosewood 1 250 30Teal 1 240 31Four Seasons 1 237 32Time 1 234 33Gulf Hotels 1 230 34Sunland 1 217 35Steigenberger 1 215 36City Seasons 1 208 37Melia 1 194 38Millennium 1 151 39Lotus 1 147 40Total 94 28,419
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Dubai Pipeline Images: MGM & Baccarat, Dubai Pearl
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Dream Dubai Marina (Marina 101) & Viceroy P-17 Tower
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Dubai Pipeline Images: ME by Melia & St. Regis/Westin/W
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Makkah Ranking
Anjum Hotel
Chain Hotels Keys RankHilton 5 3,378 1Anjum 1 1,743 2Marriott 3 1,497 3Starwood 3 1,496 4IHG 1 1,238 5Hyatt 3 1,028 6Wyndham 1 792 7Millennium 1 756 8Best Western 1 560 9Makarim 2 374 10Mena 1 367 11Elaf 1 275 12Golden Tulip 1 220 13Total 24 13,724
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Makkah Pipeline Images: Makarim Mina & Elaf Al Salam Hotels
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Makkah Pipeline Images: Jabal Omar Project
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Doha Ranking
Centara Grand West Bay Hotel Doha
Chain Hotels Keys RankHilton 5 1,385 1Katara 3 1,142 2Rotana 3 1,100 3Accor 4 983 4Starwood 2 722 5Shangri-La 2 636 6Marriott 2 595 7Capella 1 445 8Frasers 1 396 9IHG 1 347 10Premier Inn 2 319 11Kempinski 1 285 12Morgans 1 270 13Centara 1 264 14Warwick International 2 250 15Mandarin Oriental 1 249 16Millennium 1 232 17Golden Tulip 1 216 18Dusit 1 194 19Hyatt 1 181 20Shaza 1 180 21Wyndham 1 153 22Time 1 114 23Best Western 1 100 24Souq Waqif 1 19 25Total 41 10,777
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Doha Pipeline Images: Mandarin Oriental & Solis
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Doha Pipeline Images: Souq Waqif (Soy) & Shaza Hotels
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Doha Pipeline Images: Katara Towers, Lusail
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Riyadh Ranking
Swiss-Belhotel
Chain Hotels Keys RankHilton 7 1,450 1Rezidor 5 866 2Accor 4 836 3IHG 3 771 4Rotana 3 672 5Starwood 3 623 6Hyatt 2 532 7Movenpick 1 433 8Fairmont Raffles 1 304 9Golden Tulip 3 270 10Wyndham 2 267 11Marriott 1 238 12Ascott 1 234 13Frasers 2 194 14Swiss Belhotel 2 186 15Rosewood 1 163 16Time 1 160 17Millennium 1 145 18Nobu 1 134 19Auris 1 125 20Coral 1 114 21Mena 2 92 22Best Western 1 80 23Makarim 1 65 24Total 50 8,954
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Riyadh Pipeline Images: Nobu Hotel Riyadh
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Riyadh Pipeline Images: Aloft Riyadh
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Riyadh Pipeline Images: Sofitel & Wyndham Grand
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Abu Dhabi Ranking
Millennium Executive Apartments
Chain Hotels Keys RankRotana 5 1,583 1Millennium 3 1,093 2Marriott 4 804 3Fairmont Raffles 1 782 4Hilton 2 682 5Time 3 645 6Hyatt 1 428 7Wyndham 2 358 8Tsogo Sun 1 353 9Gloria 2 340 10Danat 3 339 11Starwood 1 300 12Accor 1 279 13Bin Majid 1 260 14Oetker 1 250 15Ramee 1 250 16Four Seasons 1 200 17IHG 1 112 18Total 34 9,058
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Abu Dhabi Pipeline Images: Fairmont Abu Dhabi Marina & Millennium Bab Al Qasr
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Abu Dhabi Pipeline Images: Southern Sun & Adagio
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Abu Dhabi Pipeline Images: Saadiyat Rotana Resort
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Jeddah Ranking
Park Inn Jeddah
Chain Hotels Keys RankAccor 8 1,582 1Marriott 3 793 2Fairmont Raffles 2 718 3Hyatt 2 640 4IHG 3 544 5Rezidor 2 492 6Elaf 1 365 7Kempinski 1 350 8Rocco Forte 1 303 9Gloria 1 300 10Starwood 1 300 11Golden Tulip 1 280 12Rotana 1 250 13Ascott 2 247 14Four Seasons 1 200 15Landmark 2 180 16Wyndham 1 165 17Shaza 1 150 18Premier Inn 1 110 19Total 35 7,969
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Jeddah Pipeline Images: Rocco Forte & Staybridge Suites
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Jeddah Pipeline Images: Four Seasons at Kingdom Tower
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Muscat Ranking
Coral Muscat Hotel & Apartments
Chain Hotels Keys RankStarwood 3 700 1Millennium 3 604 2IHG 2 546 3Golden Tulip 2 478 4Kempinski 1 386 5Rotana 2 345 6Marriott 1 320 7Jumeirah 2 316 8Ascott 1 220 9Shaza 1 190 10Premier Inn 1 155 11Centara 1 154 12Swiss Belhotel 1 95 13Coral 1 88 14Total 22 4,597
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Muscat Pipeline Images: Kempinski The Wave, Marriott & Crowne Plaza Oman Convention and Exhibition Centre
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Muscat Pipeline Images: Jumeirah at Saraya Bandar Jissah
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Thanks for listening
Tel +971 3 344 3734Fax +971 4 344 0907
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See our revamped web site – www.viability.ae
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Contact Viability Management Consultants
Guy WilkinsonManaging PartnerViability Management ConsultantsPO Box 191234DubaiUnited Arab EmiratesEmail: [email protected]: +971 50 450 6276Tel: +971 4 344 3734Fax: +971 4 344 0907Web site: www.viability.ae