Jumeirah remains bullish about growth
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Dubai-based hotel operator Jumeirah Group has said that it does not expect the global economic crisis to affect its operations, and predicted continued growth for the company, the Gulf News reported.
Jumeirah currently manages 11 luxury hotels and said expects that number to grow to 60 properties either in operation or under development by 2012. In addition, Jumeirah is reported to be looking to expand its newly created restaurant arm, hoping to add up to 140 outlets in 3 years. At present its portfolio stands at 10.
“In the luxury end of the business, we are still holding up very strongly,” Executive Chairman, Gerald Lawless, said in an interview with Gulf News. “We haven’t seen any fallout whatsoever,” he added bullishly.
The group also aiming to expand from its Gulf base, with resort planned in the US Virgin Islands, Maldives, Majorca and Thailand. These form part of a huge growth strategy, which is additionally forcing Jumeirah to focus on recruitment.
“We will need to go from the current 11,000 to about 55,000 employees in the next four years as we open hotels around the world,” Lawless said, adding that the group is hoping to establish hotel staff training schools in Philippines and Shanghai.
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