Coral International Hotels unveiled its first hotel in Abu Dhabi at an exclusive press conference hosted by Mr Abdulla Nasser Bin Huwaileel Al Mansoori, Chairman, Al Nasser HoldingsAl Nasser Holdings and Mr Michel Noblet, President & CEO, HMH - Hospitality Management Holdings. The hotel was inaugurated by H.H. Sheikh Sultan bin Tahnoon Al Nahyan, Chairman of Abu Dhabi Tourism AuthorityAbu
Speaking to the select journalists Mr Mansoori said, "We are proud to announce the opening of Liwa Executive Suites that has been envisaged to provide an intimate and personalized experience to guests. We believe it will be among the most desired addresses for travelers seeking a deluxe boutique hotel. Coral Hotels & ResortsCoral Hotels & Resorts
Coral International Hotels Resorts and Spas is an excellent brand and we are glad to have it as an operator of this plush property."
Added Mr Noblet: "Opening our first hotel in Abu Dhabi is a true milestone for our group and will strengthen and reinforce our presence in the UAE. Abu Dhabi is fast emerging as a business and cultural epicenter of the region with tourism in the capital set to grow to 2.7 million visitors per year by 2012.
"Liwa Executive Suites is a fabulous addition to our impressive portfolio of hotels and is sure to set a new standard in boutique hospitality. We are proud to fly the Coral flag at this premium boutique hotel. At the same time we are thrilled to partner with Al Nasser HoldingsAl Nasser Holdings
that shares our brand's focus on customized service and superior product and marketing."
Conveniently located in the heart of Abu Dhabi within close proximity of Abu Dhabi Mall, Cultural Foundation, Petroleum Exhibition and Zayed Heritage Village, Liwa Executive Suites features 54 ultra luxurious suites equipped with the finest facilities and lavish amenities. Whether you are travelling for work or pleasure, delightful attention to detail and superior service provides you an extraordinary setting. As soon as you walk through the doors of the hotel you know you are somewhere special. State-of-the-art fitness centre, beautiful rooftop swimming pool, superb meeting facilities for up to 50 people and excellent dining make for a memorable stay.
Mr Amr Hamed, the manager of the hotel said, "Liwa Executive Suites has been carefully crafted with well-travelled individuals in mind and caters to our guests with sophistication, taste and care. It has been designed to offer a truly unique experience."
Abu Dhabi is on track to receive 3.3 million visitors a year by 2013, making it one of the most fertile markets for hotel operators and developers. The city aims to lure 7.9 million tourists per year by 2030 (in line with the Abu Dhabi Economic Vision 2030), from a projected base of 4.9 million in 2020. Meanwhile, hotel rooms in the emirate are forecast to rise to 21,000 in 2013, 49,000 in 2020, and 74,000 by 2030.
Coral Hotels & ResortsCoral Hotels & Resorts
Coral International Hotels Resorts and Spas
is a formidable player in the hospitality sector in the region. The brand has rapidly built a footprint not only in well-known commercial centres but also in emerging urban cities. The opening of Liwa Executive Suites is part of HMH's strategic expansion plan that includes adding more than 2000 rooms to its existing supply before the end of the year.
Mr Noblet said, "With a strong presence in key markets such as Saudi Arabia, Qatar, Lebanon, we have successfully made our mark in the region. Our rapid expansion highlights the success of our distinctive positioning in the highly challenging economic scenario."
About HMH
Founded in 2003, HMH - Hospitality Management Holdings is one of the fastest growing, fully-integrated hotel management and development companies in the Middle East. Headquartered in Dubai, HMH offers a complete spectrum of options in hotel categories from top-end luxury hotels to budget properties. Comprising 4 distinct hotel brands namely Coral Hotels & ResortsCoral Hotels & Resorts
, Corp Executive Hotels, ECOS Hotels and EWA Hotel Apartments, HMH provides a comprehensive selection of accommodations and services to suit all budgets and clientele.
Key Facts about HMH
* No of hotels operational before end of 2011: 50
* No. of Rooms by the end of 2011: 4783
* No. of employees: 3200
* No. of hotels opening in 2011: 15
* No. of hotels under development: 10
For additional information about the HMH Brands visit
* HMH - Hospitality Management Holdings www.hmh-dubai.com
* Coral Hotels & Resorts www.coral-international.com
* Corp Executive Hotels www.corp-hotels.com
* EWA Hotel Apartments www.ewa-ha.com
Industry information
Middle East / Africa Hotel Results for March 2011
The Middle East/Africa region reported mixed performance results during March 2011 when reported in U.S. dollars, according to data compiled by STR Global. The region's occupancy ended the month with a 12.9-percent decrease to 57.8 per cent, its average daily rate rose 9.0% per cent to USD172.89, and its revenue per available room fell 5.1% to USD99.98 Below are some highlights:
* Abu Dhabi, United Arab Emirates, experienced the only double-digit occupancy increase, rising 13.0% to 71.2%.
* Cairo, Egypt, fell 67.9% in occupancy to 23.3%, reporting the largest decrease in that metric, followed by Beirut, Lebanon, with a 25.0% decrease to 47.9%.
* Johannesburg, South Africa, rose 17.0% in ADR to $119.33, reporting the largest increase in that metric.
Occupancy for Abu Dhabi in February 2011
Abu Dhabi experienced the largest occupancy increase, rising 21.3 per cent to 60.9 per cent. The city saw a 24 per cent surge in hotel revenues in February aided by regional unrest, key events in the capital and a 90 per cent rise in guests from Saudi Arabia (6,950) said Abu Dhabi Tourism AuthorityAbu Dhabi Tourism Authority
. There was a similar jump in Russian visitors, with the number of guests from the Eurasian country rising 88 per cent to 1,561. Some 175,309 guests stayed in Abu Dhabi's 115 hotels in February, a rise of 17 per cent, while revenue jumped 24 per cent to AED440m ($120.5m).
Middle East and Africa Hotel Pipeline
The Middle East / Africa hotel development pipeline comprises 432 hotels totalling 118,454 rooms, according to the February 2011 STR Global Construction Pipeline Report.
The main activity of hotel development in the region takes places across the United Arab Emirates, Saudi Arabia and Oman.
Among the markets in the region, Abu Dhabi, UAE, will report the largest increase in supply (89.4%) if every one of the 13,405 additional rooms in its total active pipeline open. Other markets to expect significant increases in existing supply include: Riyadh, Saudi Arabia (77.2% with 4,831 rooms in its total active pipeline); Jeddah, Saudi Arabia (50.5% with 3,033 rooms); Muscat, Oman (49.5% with 1,931 rooms); and Dubai, UAE (49.2% with 28,474 rooms)
Speaking to the select journalists Mr Mansoori said, "We are proud to announce the opening of Liwa Executive Suites that has been envisaged to provide an intimate and personalized experience to guests. We believe it will be among the most desired addresses for travelers seeking a deluxe boutique hotel. Coral Hotels & ResortsCoral Hotels & Resorts
Coral International Hotels Resorts and Spas is an excellent brand and we are glad to have it as an operator of this plush property."
Added Mr Noblet: "Opening our first hotel in Abu Dhabi is a true milestone for our group and will strengthen and reinforce our presence in the UAE. Abu Dhabi is fast emerging as a business and cultural epicenter of the region with tourism in the capital set to grow to 2.7 million visitors per year by 2012.
"Liwa Executive Suites is a fabulous addition to our impressive portfolio of hotels and is sure to set a new standard in boutique hospitality. We are proud to fly the Coral flag at this premium boutique hotel. At the same time we are thrilled to partner with Al Nasser HoldingsAl Nasser Holdings
that shares our brand's focus on customized service and superior product and marketing."
Conveniently located in the heart of Abu Dhabi within close proximity of Abu Dhabi Mall, Cultural Foundation, Petroleum Exhibition and Zayed Heritage Village, Liwa Executive Suites features 54 ultra luxurious suites equipped with the finest facilities and lavish amenities. Whether you are travelling for work or pleasure, delightful attention to detail and superior service provides you an extraordinary setting. As soon as you walk through the doors of the hotel you know you are somewhere special. State-of-the-art fitness centre, beautiful rooftop swimming pool, superb meeting facilities for up to 50 people and excellent dining make for a memorable stay.
Mr Amr Hamed, the manager of the hotel said, "Liwa Executive Suites has been carefully crafted with well-travelled individuals in mind and caters to our guests with sophistication, taste and care. It has been designed to offer a truly unique experience."
Abu Dhabi is on track to receive 3.3 million visitors a year by 2013, making it one of the most fertile markets for hotel operators and developers. The city aims to lure 7.9 million tourists per year by 2030 (in line with the Abu Dhabi Economic Vision 2030), from a projected base of 4.9 million in 2020. Meanwhile, hotel rooms in the emirate are forecast to rise to 21,000 in 2013, 49,000 in 2020, and 74,000 by 2030.
Coral Hotels & ResortsCoral Hotels & Resorts
Coral International Hotels Resorts and Spas
is a formidable player in the hospitality sector in the region. The brand has rapidly built a footprint not only in well-known commercial centres but also in emerging urban cities. The opening of Liwa Executive Suites is part of HMH's strategic expansion plan that includes adding more than 2000 rooms to its existing supply before the end of the year.
Mr Noblet said, "With a strong presence in key markets such as Saudi Arabia, Qatar, Lebanon, we have successfully made our mark in the region. Our rapid expansion highlights the success of our distinctive positioning in the highly challenging economic scenario."
About HMH
Founded in 2003, HMH - Hospitality Management Holdings is one of the fastest growing, fully-integrated hotel management and development companies in the Middle East. Headquartered in Dubai, HMH offers a complete spectrum of options in hotel categories from top-end luxury hotels to budget properties. Comprising 4 distinct hotel brands namely Coral Hotels & ResortsCoral Hotels & Resorts
, Corp Executive Hotels, ECOS Hotels and EWA Hotel Apartments, HMH provides a comprehensive selection of accommodations and services to suit all budgets and clientele.
Key Facts about HMH
* No of hotels operational before end of 2011: 50
* No. of Rooms by the end of 2011: 4783
* No. of employees: 3200
* No. of hotels opening in 2011: 15
* No. of hotels under development: 10
For additional information about the HMH Brands visit
* HMH - Hospitality Management Holdings www.hmh-dubai.com
* Coral Hotels & Resorts www.coral-international.com
* Corp Executive Hotels www.corp-hotels.com
* EWA Hotel Apartments www.ewa-ha.com
Industry information
Middle East / Africa Hotel Results for March 2011
The Middle East/Africa region reported mixed performance results during March 2011 when reported in U.S. dollars, according to data compiled by STR Global. The region's occupancy ended the month with a 12.9-percent decrease to 57.8 per cent, its average daily rate rose 9.0% per cent to USD172.89, and its revenue per available room fell 5.1% to USD99.98 Below are some highlights:
* Abu Dhabi, United Arab Emirates, experienced the only double-digit occupancy increase, rising 13.0% to 71.2%.
* Cairo, Egypt, fell 67.9% in occupancy to 23.3%, reporting the largest decrease in that metric, followed by Beirut, Lebanon, with a 25.0% decrease to 47.9%.
* Johannesburg, South Africa, rose 17.0% in ADR to $119.33, reporting the largest increase in that metric.
Occupancy for Abu Dhabi in February 2011
Abu Dhabi experienced the largest occupancy increase, rising 21.3 per cent to 60.9 per cent. The city saw a 24 per cent surge in hotel revenues in February aided by regional unrest, key events in the capital and a 90 per cent rise in guests from Saudi Arabia (6,950) said Abu Dhabi Tourism AuthorityAbu Dhabi Tourism Authority
. There was a similar jump in Russian visitors, with the number of guests from the Eurasian country rising 88 per cent to 1,561. Some 175,309 guests stayed in Abu Dhabi's 115 hotels in February, a rise of 17 per cent, while revenue jumped 24 per cent to AED440m ($120.5m).
Middle East and Africa Hotel Pipeline
The Middle East / Africa hotel development pipeline comprises 432 hotels totalling 118,454 rooms, according to the February 2011 STR Global Construction Pipeline Report.
The main activity of hotel development in the region takes places across the United Arab Emirates, Saudi Arabia and Oman.
Among the markets in the region, Abu Dhabi, UAE, will report the largest increase in supply (89.4%) if every one of the 13,405 additional rooms in its total active pipeline open. Other markets to expect significant increases in existing supply include: Riyadh, Saudi Arabia (77.2% with 4,831 rooms in its total active pipeline); Jeddah, Saudi Arabia (50.5% with 3,033 rooms); Muscat, Oman (49.5% with 1,931 rooms); and Dubai, UAE (49.2% with 28,474 rooms)
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