A variety of factors have aligned to make the mid-market hotel segment ripe for investment in the Middle East, a topic that will be discussed in depth at the Arabian Hotel Investment Conference 2017 (AHIC), being held at Madinat Jumeirah in Dubai from April 25 to 27.
Speaking ahead of AHIC, the annual knowledge and networking platform for the hotel investment community, Jonathan Worsley, Chairman of Bench Events and Founder of AHIC, said: “Economic conditions impacting consumer spend and the current supply-demand ratio in many markets in the Middle East, which are saturated with luxury developments and underdeveloped in the mid-market, have combined to encourage investors to see the potential in midscale hotels.
One of the leading owners in the economy and midscale hotel segment in the Middle East, Action Hotels PLC (LON:AHCG) which is listed on the AIM market of the London Stock Exchange, currently owns and operates 12 hotels and works closely with operators such as AccorHotels, IHG and Louvre Hotels Group with brands such as ibis, Holiday Inn and Tulip Inn who manage their hotels.
Alain Debare, CEO of Action Hotels, said: “We have developed significant experience in the sector. We ensure our hotels are designed and built efficiently, and managed in a way to drive early and resilient profitability. We focus on delivering attractive investments for our shareholders.”