Mövenpick accelerates expansion in record year

Movenpick signed 13 new hotels in 2016
Movenpick signed 13 new hotels in 2016

Mövenpick Hotels & Resorts signed a record number of management contracts for new properties in 2016.

The Swiss hotel group, which already operated 83 hotels worldwide, penned deals for 13 more properties last year, the majority of which are in Asia and the Middle East.

These new signings will add more than 9,000 keys to Mövenpick’s global inventory over the next four years, with all pipelined properties on track to open by the end of 2020.

New deals signed in 2016 will see the company debut in several destinations, including Sri Lanka and Bangladesh.

“2016 was our most successful year yet in terms of the number of new hotels we signed, which averaged more than one a month and grew our pipelined portfolio by more than 30%,” said Olivier Chavy, Mövenpick’s president & CEO. “We not only consolidated our position in key growth markets such as the UAE, Saudi Arabia and Thailand, where we are now a dominant player, but signed management agreements for properties in strategic locations where we will introduce the Mövenpick brand for the first time.

Olivier Chavy
Olivier Chavy

“We enter 2017 in high confidence, building on our achievements over the past 12 months with firm plans to further grow our portfolio in line with our ambitious global expansion strategy. We’re well on track to operating over 100 properties by 2020,” he added.

In Asia, Mövenpick signed five new properties in 2016: Mövenpick Residences Ekkamai Bangkok (due to open in 2017), Mövenpick Resort Khao Yai (2017) and Mövenpick Resort Mai Khao (2018), all of which are in Thailand, plus Mövenpick Hotel Khulna in Bangladesh (2020) and Mövenpick Hotel Quang Binh in Vietnam (2020). The company also opened the 260-room Mövenpick Siam Hotel Pattaya in Thailand.

In the Middle East, four new management agreements were signed, including the newly-opened Mövenpick Hotel Al Aziziyah Doha in Qatar, Mövenpick Hotel Apartments Al Burj Business Bay Dubai (2018), Mövenpick Hotel & Apartments Al Tahlia Jeddah in Saudi Arabia (2018) and Mövenpick Resort Al Marjan Island Ras Al Khaimah, UAE (2019).

In Africa, deals were completed for properties in Tunisia, Kenya, Nigeria and Cote d’Ivoire.

Already in 2017 the company has opened its first hotels in Indonesia, Sri Lanka and Kenya and plans to add a further four new properties, located in Tunisia, the Philippines and Thailand.

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