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SAUDI BIGGEST MARKET

Hilton powers GCC hotel expansion with 21,000 rooms

DUBAI, April 24, 2017

Hospitality group Hilton has the largest active pipeline in the GCC, according to data from market research firm STR, with over 21,000 rooms in its pipeline across the Gulf of which more than 16,000 are already under construction and set to open before 2020.

The six markets of the GCC contribute more than a third of Hilton’s pipeline rooms across the Europe Middle East Africa – where the company is active in over 60 countries.

Hilton CEO Chris Nassetta will be heading to the Arabian Hotel International Conference (Ahic) in Dubai this year, underlining the importance of the region to his company’s ambitious expansion plans.  
 
Carlos Khneisser, vice president, development, Middle East, North Africa & Turkey, Hilton said: “Our active pipeline of 16,000 rooms under construction in the GCC is more than double the number of our nearest competitor. The deals we are signing are not just there on paper, they are quickly progressing through design and construction. The value we drive for our owners facilitates the speed of this growth as owners want to come back for more. Sixty per cent of the hotels in our pipeline are being developed together with existing Hilton owners and our team looks forward to progressing further projects next week during Ahic.”
 
Hilton has the largest active pipeline in the GCC both in terms of the number of rooms and properties in construction.  Saudi Arabia is the market undergoing most extensive growth with the 7,900 rooms Hilton is developing there set to near triple the company’s presence in the market.  Saudi Arabia, the UAE, Kuwait and Oman all count Hilton as the hotel company with largest number of rooms under construction.
 
Hilton’s GCC active pipeline in numbers

  • GCC 16,000+ rooms under construction (#1 in the region)
  • Saudi Arabia 7,900+ rooms under construction (#1 in the market)
  • UAE 5,000+ rooms under construction (#1 in the market)
  • Qatar 1,800+ rooms under construction (#2 in the market)
  • Kuwait 750+ rooms under construction (#1 in the market)
  • Oman 420+ rooms under construction (#1 in the market)
  • Bahrain 350+ rooms under construction (#3 in market)    - TradeArabia News Service



Tags: Construction | hotels | GCC | Hilton | Expansion | pipeline |

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