Viability's annual (June 2014) survey of the future hotels in the GCC (Arabian Gulf) region, as declared to us by 134 chains. Includes rankings by chain and city/town, as well as individual chain rankings for Dubai, Abu Dhabi, Riyadh, Jeddah, Makkah, Doha, Muscat
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Viability GCC future chain hotel pipeline survey 2014
1. www.viability.ae…when diligence is due
GCC Pipeline: Another Record-Breaking Year!
April 26th 2014, Le Meridien Dubai*
* This version updated in June 2014 Marsa Malaz Hotel Kempinski, The Pearl Qatar
2. www.viability.ae…when diligence is due
Viability’s Annual GCC Future Chain Hotel Survey: Methodology
• 14th year of survey
• 134 chains active in the GCC were canvassed directly
• All letting units included (rooms, suites, apartments & villas)
• Excluded:
– All rumoured projects
– All unsigned projects
– All projects with unconfirmed room counts
– All projects on hold or with unconfirmed opening dates
– All single owner-operated properties
• Includes announcements at Arabian Travel Market
No need to take notes!
Copies of this Presentation available Afterwards
3. www.viability.ae…when diligence is due
Survey Top-Line Data
• 134 chains canvassed
• 72 chains confirmed future pipeline
• Equivalent to 54% in active development mode
• 391 chain properties (cp. 325 in 2009)
• 101,123 keys (cp 92,016 in 2009)
• Opening between 2014 and 2019
• 6 GCC countries
• 34 cities/towns
4. www.viability.ae…when diligence is due
Total Pipeline Keys: Distribution by Country
Bahrain, 3,251 , 3% Kuwait, 1,147 , 1%
Oman, 5,836 , 6%
Qatar, 10,777 , 11%
Saudi Arabia,
36,880 , 36%
UAE, 43,232 , 43%
5. www.viability.ae…when diligence is due
Total Pipeline Keys: Distribution by Year
Yr 2014, 24,418 ,
24%
Yr 2015, 29,353 ,
29%
Yr 2016, 26,086 ,
26%
Yr 2017, 12,570 ,
13%
Yr 2018, 5,280 , 5%
Yr 2019, 3,416 , 3%
6. www.viability.ae…when diligence is due
Total Pipeline Keys: Distribution by Star Rating
5-Star, 62,074 ,
61%
4-Star, 30,231 ,
30%
3-Star, 8,631 , 9% 2-Star, 187 , 0%
7. www.viability.ae…when diligence is due
Total Pipeline Keys: Distribution by Chain (Top 20)
- 5,000 10,000 15,000 20,000 25,000
Hilton
Starwood
Marriott
Accor
Rotana
IHG
Millennium
Wyndham
Hyatt
Golden Tulip
Rezidor
Fairmont Raffles
The Address
Premier Inn
Anjum
Viceroy
Time
Kempinski
Bin Majid
Four Seasons
Others
9,593
7,912
7,707
6,919
6,729
5,480
4,634
3,884
3,678
3,104
3,070
2,500
2,448
1,848
1,743
1,378
1,273
1,259
1,210
1,194
23,560
8. www.viability.ae…when diligence is due
Total Pipeline Keys: Distribution by Cities/Towns (Top 20)
- 5,000 10,000 15,000 20,000 25,000 30,000
Dubai
Makkah
Doha
Abu Dhabi
Riyadh
Jeddah
Muscat
Manama
Al Khobar
Ras Al Khaimah
Madinah
Sharjah
Kuwait City
Fujairah
Al Ain
Jizan
Salalah
Ajman
Sohar
Tabouk
Others
28,419
13,724
10,777
9,058
8,954
7,969
4,597
3,078
1,729
1,698
1,540
1,182
1,147
1,077
780
702
506
489
370
370
2,957