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Hotel chains confirm gcc pipeline remains robust


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Viability's Guy Wilkinson writes a monthly column for Hotelier Middle East Magazine. This article originally appeared in June 2010.
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Hotel chains confirm gcc pipeline remains robust

  1. 1. 16COMMENT Hotel chains confirm GCC pipeline remains robust Viability director Guy Wilkinson presents his research into the hotel development pipeline in the Gulf and provides some key insights into the chains that are leading the rest of the pack COLUMNIST s hoteliers at the sharp end A of operations brace them- selves for another challeng- ing summer in many GCC locations, it may be a less than comforting thought to know that (Above) A Luxury Collection Hotel — Ajman. (Left) Ramada Kuwait guest room. (Below) Hilton Riyadh Hotel & Residence. the ladies and gentlemen up at the head office responsible for devel- MARRIOTT opment, in their wisdom, are still TOPPED THE 2010 planning to launch an extraordi- nary number of new rooms in the RANKINGS FOR region — just to add to the fun! BOTH HOTELS AND A new survey conducted by my ROOMS, WITH 29 firm Viability shows that the 2010 PROPERTIES pipeline of confirmed new hotel rooms in the GCC is the second AND 9572 largest on record — and we have ROOMS PLANNED been doing this research for 12 years now. We directly contacted some 80 hotel chains active in the GCC this sion, the pipeline is still looking as year, of which 55 confirmed future strong as it ever was. GCC projects. The survey showed In total, 19 chains each declared that 283 hotels with 83,604 rooms more than 1000 rooms under devel- were officially planned as of May opment, compared to 23 in 2009 2010, compared with 325 proper- and 20 in 2008. Marriott topped ties and 92,026 rooms last year, the 2010 rankings for both hotels equivalent to reductions of 20% and rooms, with 29 properties and and 19% respectively. However, 9572 rooms planned bearing the back in May 2008, at the peak of Marriott, JW Marriott, Courtyard the real estate boom, we recorded by Marriott, Renaissance and Ritz- 82,357 rooms in 295 hotels, and that Carton brands. In second place, in itself was a 10-year record. In Accor’s pipeline comprises 23 other words, recession or no reces- hotels with 6433 rooms under its June 2010 • Hotelier Middle East