10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

MENA region accounts for 19% of…

  • Travolution
  • 29 August 2024
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by Travolution. Click here to read the original article

image

 Branded residences, one of the fastest-growing sectors in hospitality, will take centre stage at FHS World, taking place in Dubai 30 September to 2 October 2024, with a full-day conference led by Accor One Living. 

Debuting on 2 October 2024, the forum will explore the sector’s rapid growth in the Middle East and North Africa (MENA) region and examine key topics related to the development and operation of branded residences, including value creation opportunities, the growing array of branding options available to developers, the emerging trend towards standalone branded communities, and the arrival of non-traditional players such as luxury automotive and fashion brands in the sector.

According to Savills Residential Development Consultancy, the sector has grown by 160% globally during the past decade. Data shows that the Middle East – which is rapidly emerging as a global hub for the sector – currently has 45,000 residential units in 200 branded developments across 80 brands. 

With a staggering 500% increase in branded residences in the last decade – from 10 in 2014 to 50 in 2023 with another 50 in the pipeline – Dubai is the most active market worldwide and now rivals Miami, New York and London as a world leader in branded residential development. 

Choice’s Everhome Suites breaks ground in three locations
Trending
Choice’s Everhome Suites breaks ground in three locations

Saudi Arabia is also seeing significant growth, with a 65% surge in its branded development pipeline between 2022 and 2023. 

Research by Global Branded Residences (GBR), a leading consultancy for the sector, shows that the US, where branded residences first started, represents 36% of existing projects but only 18% of developments in the pipeline, highlighting the extent of global growth. 

The MENA region currently accounts for 19% of the global branded residences in existence and in the pipeline; Europe represents 16%; Asia Pacific 22% and The Americas 43%.  

The world’s top locations for branded residences are Dubai, Miami, New York, London, Phuket, Sao Paolo, Los Cabos, Istanbul, Bangkok and Cairo, according to GBR.

Jonathan Worsley, Chairman of The Bench, organiser of FHS, said: “The Branded Residences Forum will bring together an elite group of industry professionals and innovators to take a deep dive into the sector’s growth, evolution and seeming endless investment opportunities. 

“We are proud to partner with Accor One Living – a global leader in this field – to explore the importance of branded residences to our industry today, and how the sector will be a key driver in the future success of the hospitality industry on a local, regional and global scale.”

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Categorizing...

Why AI in Hospitality is Still Stuck in First Gear (And How to Accelerate) – Josiah Mackenzie

  • Josiah Mackenzie
  • 6 June 2025
View Post
  • Categorizing...

Escape to the rhythm of the Fermanagh Lakelands with new summer offers at Lough Erne Resort 

  • Sophie Weir
  • 6 June 2025
View Post
  • Categorizing...

Asia Pacific Hospitality Newsletter – Week Ending 30 May 2025

  • Automatic
  • 6 June 2025
View Post
  • Categorizing...

PhocusWire’s weekly travel tech news briefs: Uber, eDreams Odigeo, SITA and more…

  • By PhocusWire
  • 6 June 2025
View Post
  • Categorizing...

The (yet to be realized) customer benefits of NDC, dynamic pricing, offers and orders

  • phocuswire.com
  • 6 June 2025
View Post
  • Categorizing...

Startup Stage: Tukio wants to simplify African safari booking and planning

  • By Abby Crotty
  • 6 June 2025
View Post
  • Categorizing...

Nezasa acquires tech from Awai, builds out dynamic packaging offering

  • By Linda Fox
  • 6 June 2025
View Post
  • Categorizing...

Gen AI is becoming a top source for travel…

  • Travel Weekly Group Ltd
  • 6 June 2025
Sponsored Posts
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech

    View Post
Last Posts
  • May Bank Holiday Bridges 2025: how will the French hotel industry fare?
    • 6 June 2025
  • [Update] Spark by Hilton expands in Germany with new Wuppertal location
    • 6 June 2025
  • Amadeus and UN Tourism report provides comprehensive look at Asia Pacific travel market
    • 6 June 2025
  • Mandarin Oriental Debuts A Beachfront Retreat In Desaru Coast, Johor
    • 6 June 2025
  • Boxcar Bar & Grill Relaunches as Fire & Wine: A Bold New Chapter for Marylebone Dining
    • 6 June 2025
Sponsors
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.