AHIC 2019: Accor and Marriott International maintain top spots in Middle East
Accor and Marriott International maintain the top room counts among parent companies operating in in the Middle East, according to STR.
The news was revealed during the Arabian Hotel Investment Conference in Ras Al Khaimah.
Accor (34,327 hotel rooms) and Marriott International (33,757) were the only two companies with at least 30,000 rooms in the region as of February.
Using that same cut-off date, the two largest brands in the Middle East are Millennium Hotels & Resorts (8,852) and Mövenpick Hotels & Resorts (8,454), which is owned by Accor.
“Supply remains a hot topic in the Middle East when looking at both the recent impact on performance as well as how much new inventory continues to be developed as part of ‘mega events’ and economic initiatives,” said Philip Wooller, STR area director for the Middle East & Africa.
“The growing presence of so many major global companies and brands speaks to the importance of the Middle East as developers identify growth opportunities in this sector of real estate.
“The region will certainly be key on the global development landscape for years to come.”
Completing the top ten were InterContinental Hotels Group (23,331 rooms), Rotana Hotel Management Corporation (16,860), Hilton Worldwide (14,916), JinJiang Holding (14,604), Millennium & Copthorne Hotels (10,353), Wyndham Worldwide (9,366), Hyatt Hotels Corporation (5,740) and Jumeirah International (5,318).