Hospitality chain Swiss-Belhotel International has signed a joint venture agreement with Dubai’s Vault Group as part of both parties’ global expansion plans, focused on the development of hotel management services, systems and investment support.

The agreement was signed in Dubai recently by Sultan Ali Lootah, managing partner of Vault Management Consultants and Gavin M Faull, chairman and president of Swiss-Belhotel International.

"The shift towards a green and smart environment is an important move especially when it is in line with UAE’s vision of promoting the use of alternative energy to preserve our natural resources and rationalise expenditure," said Ali Lootah. "It is a great opportunity to be associated with the global hotel management group, Swiss-Belhotel International, where Vault Group can utilise its expertise in investment, information technology and guest management systems."

Both parties will work together on joint development opportunities in cutting edge developments in technology systems, which include energy management, building management and other smart hotel solutions as well as information technology systems.

"The hotel industry needs to keep upgrading its information technology systems, guest loyalty systems, telecommunication systems to meet the needs of the ever dominant millennial market and the Vault Group will be an important partner in this respect to ensure we remain competitive," said Gavin M Faull. “In addition, the investment strength and the undeniable interest of the Vault Group to invest in the hotel developments in Asia where Swiss-Belhotel International has a huge presence, is also a critical element of the partnership,” Faull added. – TradeArabia News Service