Gulf and Indian Ocean Hotel Investors’ Summit 2020 to take place in RAK


Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced that the emirate will host Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS) 2020 at Al Hamra International Exhibition & Conference Center.

Taking place from November 23-24, 2020, the summit is expected to attract 300-350 senior executives from the hospitality sector and at least 50 groups which invest in hospitality real estate, including hotel owners and developers. Delegates will enjoy several networking activities held at some of the emirate’s luxury hotels and will experience Ras Al Khaimah’s abundance of cultural and outdoor adventure experiences first-hand.

Ras Al Khaimah was recently named the ‘Gulf Tourism Capital’ by the tourism ministers and senior officials of the Gulf Cooperation Council. It also recently received an ‘A’ rating by the globally recognised Fitch Ratings for the 10th consecutive year, achieved through prudent management and a diversified economy. The emirate is considered on of the Arabian Gulf’s most diverse destinations and will be hosting many of the region’s high-profile trade and business events, one of which is GIOHIS.

IMEX Frankfurt 2020

“GIOHIS has become the leading investment event in the region built around hospitality real estate investors and those groups who work with them – hotel brands, consultants and advisors, the online travel agents, companies active in the sharing economy, lenders, designers and law firms,” CEO, RAKTDA, Raki Philips elaborated. “We are pleased to welcome all these groups to an emirate truly dedicated to serving them, globally recognised by Fitch Rating for its stable outlook, driven by a high GDP per capita and robust fiscal outlook.”

Meanwhile, CEO, HOFTEL (which runs GIOHIS), Simon Allison noted: “We are delighted to be holding the summit in the excellent and proven facilities in Ras Al Khaimah and will bring together senior executives from hotel owners, operators and other service providers for two days of serious debate and discussions about the topics of most relevance to the hospitality sector. The rise of the Ras Al Khaimah tourist industry in recent years is a remarkable phenomenon and we are delighted that RAKTDA will offer our delegates a range of options for experiencing it.”