Swiss-Belhotel International and Dubai-based Vault Group have formed an alliance to complement the global expansion plans of both parties which aim to develop hotel management services, systems and investment support.
Inking the agreement in Dubai was managing partner, Vault Management Consultants, Sultan Ali Lootah and chairman and president, Swiss-Belhotel International, Gavin Faull.
Lootah commented: “The shift towards a green and smart environment is an important move especially when it is in line with the UAE’s vision of promoting the use of alternative energy to preserve our natural resources and rationalise expenditure. It is a great opportunity to be associated with the global hotel management group, Swiss-Belhotel International, where Vault Group can utilise its expertise in investment, information technology and guest management systems.”
Following the agreement, the two companies will work in unison on joint development opportunities in technology systems which include energy management, building management and other smart hotel solutions as well as information technology systems.
Faull also noted: “The hotel industry needs to keep upgrading its information technology systems, guest loyalty systems, telecommunication systems to meet the needs of the ever dominant millennial market and the Vault Group will be an important partner in this respect to ensure we remain competitive.
“In addition, the investment strength and the undeniable interest of the Vault Group to invest in the hotel developments in Asia where Swiss-Belhotel International has a huge presence, is also a critical element of the partnership,” he added.