Abu Dhabi is currently hosting the 2019 Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS).
Scheduled to conclude today (February 5), the summit has seen business leaders, developers and key decision-makers gather to discuss the most pressing issues in the hospitality industry today.
Organised by HOFTEL, one of the world’s leading hotel property investment associations, GIOHIS 2019 brings together more than 250 top hotel owners, developers and operators from the Gulf, East Africa, Indian Ocean islands, Association of Southeast Asian Nations (ASEAN) region and Australia.
Discussions cover topical issues affecting the industry, such as changing investment opportunities, oversupply crunch, franchising and sector-associated economies.
Participants are invited to attend a reception at the Louvre Abu Dhabi this evening, and have been encouraged by the organisers of the event to get out and explore all the sights and attractions the capital has to offer.
A total of 75 speakers are currently taking part in the summit, including CEO, Muscat National Development and Investment Company, Khalid Al Yahmadi; chairman and CEO, HOFTEL, Simon Allison; CEO, Abu Dhabi National Hotels, Khalid Anib; and regional vice president development, Hyatt, Ludwig Bouldoukian, among others.
Speaking during the first day of the summit, acting executive director, marketing and communications sector, Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Ali Al Shaiba said: “We are very proud that the Gulf and Indian Ocean Hotel Investors’ Summit is now a regular fixture on Abu Dhabi’s business calendar. Supporting the hospitality sector is one of our major directives here at DCT Abu Dhabi, and this summit shows our serious commitment to the growth of the industry.”
Al Shaiba continued: “As worldwide travel and tourism continues to rapidly grow, the hotel industry is continually expanding – particularly in countries in the Indian Ocean region. With this in mind, it is extremely important that the hospitality sector invests in innovative, proactive strategies which will drive sustainable growth in an increasingly competitive market.”
The programme for the summit features discussions entitled The Gulf and Indian Ocean markets – supply/demand balance is key; Changing investment opportunities as resort and leisure markets mature; Dealing with the oversupply crunch – slash rates to fill, hold out – or just cut costs?; Franchising – is now the time?; Creating a new destination – challenges and lessons to learn; and a debate entitled Bigger brands make for richer owners.