The Middle East's luxury hotel market is expanding, fueled by economic diversification and a growing population of high-net-worth individuals. Key destinations like the UAE, Saudi Arabia, and Qatar are experiencing significant development in luxury accommodations. However, potential oversupply in major cities could affect room rates and occupancy. The outlook remains positive, supported by continued investment in unique, high-end experiences.
The GCC region presents significant opportunities for hotel investment, driven by rapid supply growth and evolving market trends. However, challenges such as valuation mismatches, rising costs, and operational inefficiencies highlight the need for strategic approaches. Key considerations include aligning development costs with market realities, adopting modern valuation metrics, and leveraging diversified revenue streams to enhance profitability and sustain long-term growth.
Hala Matar Choufany shares her insights on Bloomberg Alsharq with Maya Hojeij, discussing key drivers behind the region's impressive visitation growth and tourism expansion.
In this interview, Hala Matar Choufany discusses with Hospitality News Middle East and Rita Ghantous the new service lines offered by HVS Middle East & Africa, along with insights into the market outlook, emerging trends, and regional sentiment impacting the hospitality industry.
The hospitality sector is experiencing major transformations influenced by several key factors. As the industry grows, investors will prioritize opportunities that balance profitability with social and environmental responsibility, ensuring a dynamic and forward-thinking hospitality industry.
Hala offers insights into how boards drive company profitability, their crucial role in defining vision and strategy, and perspectives on growth and profitability in the MEA region.
Hala Matar Choufany contributes her insights on the “Brand Dilemma: Navigating the Pros and Cons of Launching New Brands – An Unbiased Perspective".
The two leading women executives in hospitality discuss the critical Saudi traveller, the phenomenal growth of tourism in the region supported by data and how as the tourism industry booms in the region, it opens up a host of opportunities to set new benchmarks by challenging the status quo and bringing more women to the front.
This article underscores Namibia's potential as a premier tourism destination, driven by its natural beauty, strategic initiatives, and increasing tourism contributions to the economy.
Located at the intersection of Europe and Asia, Turkey’s hospitality industry continues to stand strong. Hala Matar Choufany, president for the Middle East, Africa and South Asia at HVS, tells us more.