AHIC 2013 focuses on Dubai hospitality growth
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The Arabian Hotel Investment Conference (AHIC) 2013 scheduled to take place from 5- 6 May at Madinat Jumeirah in Dubaiwill have a special focus on this year on Dubai’s hotel performance and outlook for 2013.
According to Jones Lang LaSalle’s latest Hotel Investor Sentiment Survey, Dubai is the best performing hotel market in the Middle East and North Africa region and is the one to watch in 2013.
Gabriel Matar, regional director of Middle East and Africa at Jones Lang LaSalle Hotels, will highlight key areas in Dubai where potential for hotel investment lies, and what is the anticipated profitability. It will also highlight what, where and how should investors build today and what are the returns they can anticipate for the next five years.
Matar said: “In the Middle East and Africa, improvement in sentiment is largely due to an overall stabilisation in the region since Arab Spring and tourist flows have started to return to countries such as Egypt and Tunisia, yield requirements remain higher in Mena. Dubai yield expectations are at 10%.”
The conference will witness special panel discussion on ‘Country Risk in the Region’, helping investors know how to plan their investment strategy with current political uncertainty and how funding a hotel project is different to other real estate projects, discussing possible implications for refinancing once the development stage is over, and what are alternative means of finance outside the conventional among others.