IDE, a leading international events organizer, has announced the inaugural Hotelier Summit – Middle East to be held between 27-29 September in The Sheraton Grand Doha Resort and Convention Hotel in Doha.
“The 8th global edition of Hotelier Summit – Middle East guarantees the most prolific out-of-office business experience to all its participants. This exclusive closed-door deal flow platform is designed to conglomerate over 180 industry experts comprising of international and leading hotel owners, operators, developers, architects, interior designers, consultants and service providers for pre-meditated one– to– one business meetings, making it the one stop B2B solution platform for the Middle East hospitality industry,” said Ganesh Babu, Director – India & Middle East, IDE, organiser of the summit.
Hotelier Summit – Middle East is a part of the Hospitality Series with Qatar Airways as its Official Airline Partner whereas Colliers International is its knowledge Partner.
“Owing to key source market trends, increasing visitor demand for longer length of stay and value accommodation, there is a growing demand for mid-scale hotels and service apartments in the Middle East. With almost 501 hotels, totalling 144,321 rooms in various stages of development pipeline, we predict that demand growth in hospitality market will catch up with supply volume,” he added.
501 hotels, totalling 144,321 rooms, are in various stages of development pipeline in Middle East says IDE
“Foreign real estate developers have infused billions of dollars into countries such as Qatar, the UAE, Saudi Arabia and Oman. We believe the future of hospitality in the region is promising as the sector is becoming more mature and it is witnessing long term infrastructure spending commitments and event-driven investments such Expo 2020 and 2022 FIFA World Cup Qatar,” he added.
“With macroeconomic currency fluctuations, and low oil prices all impacting performance levels, the last two years were challenging for the hotel industry. However, with the infrastructure in the region still going strong, we predict that 2017 and 2018 will be two years of significant change for the industry as the dust settles,” he added.
With the market gaining traction owing to the long term infrastructure spending commitments and event-driven investments, it is crucial for the Hoteliers and solution providers alike to capitalise on a business platform like this summit.
“Investor confidence has been lifted in the Middle Eastern hotel sector with increasing tourist/business traveller numbers. While domestic developers and HNWIs form a large portion of investors; there is also an increased appetite from global institutions and conglomerates whereas our summit serves as a catalyst to attract these investments,” he concluded.