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Kuwait Hospitality Market (2009) (eBooks)
PLDZ-1
Tags:kuwait, hospitality, lodging, market, hotels, 2009, Business and Money, Business and Money, eBooks
About this item:
Kuwait has been on the map of hospitality investment and development The purpose of this report is to exhibit the investment environment
since the 1960s. International operators entered Kuwait early where
Sheraton Kuwait Hotel & Towers was opened in 1966 in the heart of
Kuwait City. Other hotel operators then followed such as
InterContinental Hotel Group (IHG), Starwood Hotels, Rotana Hotels, and
Accor Hotels. Local hoteliers have built strong relationships with the
international operators over the years which made them increase their
ties with more brands and hotels in the country. Local hotel operators
have also played a role in the Kuwaiti market and gradually expanded
beyond the Kuwaiti borders such as Safir International Hotels and Refad
Hotels.
in the hospitality sector in Kuwait. The three main factors influencing
the hospitality industry are Economy, Real Estate Market, and Tourism
Industry. We analyze each factor by showcasing how it contributes
positively and/or negatively to the lodging industry in Kuwait.
Moreover, the Hospitality Market supply and demand characteristics are
studied. Supply was studied in terms of brands, operators, owners,
future supply, and quality of the hotels in Kuwait s six governorates.
Demand on the other hand was studied in terms of Average Room Rates
(ARR), Average Occupancy Rates (AOC), and Revenue per Available Rooms
(RevPAR) of the hotels in the six governorates.
