HVS MEA Market Intelligence - October 2018 (October 11, 2018)

GCC Countrywide Hotel Performance Indicators 

GCC countries have supported and grown inbound tourism in the last 15-20 years. The GCC region continues to drive growth and HVS remain confident that accommodated room night demand will grow despite the aggressive development pipeline.

GCC Hotel Development Cost Trends 

Analyzing historical trends, the key reason behind escalating costs per key continues to be low efficiency and utilization of space. It is crucial that any design optimizes the turnover per sqm of built areas.

Executive Search and Recruitment Practice- Learn More 

Working in partnership with you, our search team can assess and advise you on executive talent requirements. While our Executive Search practice is uniquely positioned to help you hire for a C-suite, VP and Director-level role; our Mid-Management recruitment division can assist you whether you are opening a new property, adding executives to your team or putting in place an ongoing succession plan.

We tap our extensive database and the collective knowledge of our global team to identify and engage candidates who fit the strategic aims of your business. We know where to find hard-to-reach industry talent and our proprietary HVS Assessment will ensure cultural fit with your organization. Once hired, we can also assist with on boarding, executive coaching and organizational development.

Executive Search - Compensation Analysis and HVS Leadership Assessment 

The peer group for the Compensation Study of General Managers comprises of luxury five-star hotels in Dubai and covers the following data points; base salary, bonus or cash equivalent, allowances, and cash compensation.

THINC Africa 2018 - Women in African Hospitality Sector 

Hotel Investment Networking Conference (THINC) Africa 2018 was hosted by HVS from 5-6 September in Cape Town. Hala Matar Choufany, President HVS, Middle East, Africa and South Asia, spoke with leading female executives at THINC Africa 2018 conference about the challenges, opportunities and victories faced by women within the African hospitality sector.

THINC Africa 2018 - African Tourism 

Tim Smith, managing partner in HVS Cape Town, says this largely untapped potential in African hospitality  - coupled with the growing local market - promises to make the African hotel industry even more competitive going forward.

HVS Experience 

In the last 10 months, HVS Dubai worked on more than 60 hospitality and mixed use projects in the region; advised on large and mid range development schemes in Oman, Makkah and Madina, valued a number of trophy assets in Dubai; negotiated on behalf of our clients more than 20 hotel management agreements; performed budget reviews for a number of operating hotels in Oman, UAE and Bahrain and assisted clients in performing market assessments and feasibility studies. We have also been involved in development projects in Egypt, Pakistan and India.

HVS Dubai & Cape Town News 

HVS Dubai is pleased to welcome Maximilian Quack and Mike Idriss as Consulting & Valuation Analysts in the Consulting Division as well as Kanika Bhardwaj as Regional HR Manager.

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Sent By: Hala Matar Choufany
HVS | President - Middle East, Africa and South Asia
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