Millennium Hotels and Resorts ranked first for Middle East hotel brand supply and pipeline
Millennium Hotels & Resorts Middle East has been ranked first in terms of contemporary and upcoming Middle East room supply, in advance of 16 competing brands and operators, in accordance to a latest study of Smith Travel Research (STR).
The hospitality company has 11,186 keys in grant and 7,251 pipelined under the Millennium Hotels & Resorts brand in the region, the October 2019 STR document revelead.
To cater to every section of the travel market, Millennium Hotels and Resorts MEA opened 11 properties under a various vary of brands in 2019, introducing new modern and tech-enabled ideas such as Studio M, Millennium Place and Millennium Central in the region.
With a strong enlargement method concentrated on more than 15,000 new keys in the Middle East within the subsequent three years, the regions largest growth market, Saudi Arabia, has turn out to be a development focal point, with the crew on track to function 25 resorts in the kingdom by 2025.
The Middle East witnessed a 10% increase in entire global tourist arrivals in 2019 and key destinations such as Dubai, where Millennium Hotels and Resorts has a sturdy presence, ranked as the 4th most-visited city and 5th most famous amusement vacation spot globally, in accordance to the STR report and Dubai Tourism data.
Kevork Deldelian, Chief Executive Officer, Millennium Hotels and Resorts MEA, said: We are heading steadfast towards attaining our desires and our leadership position in the STR stock rankings is testament to this however, our precedence stays to offer our guests with a wonderful experience and to create sustainable income streams that secure long-term value for our hotel owners.
Founded in 1985, STR offers top class data benchmarking, analytics and market insights for international hospitality sectors. In October 2019, the organisation was obtained by CoStar Group Inc, the leading issuer of commercial real estate information, analytics and online marketplaces.