STR: Accor, Marriott the largest hotel companies in the Middle East
LONDON—Accor and Marriott International maintain the top room counts among parent companies operating in in the Middle East, according to STR.
Accor (34,327 hotel rooms) and Marriott International (33,757) were the only two companies with at least 30,000 rooms in the region as of 28 February 2019. Using that same cutoff date, the two largest brands in the Middle East are Millennium Hotels and Resorts (8,852) and Mövenpick Hotels & Resorts (8,454), which is owned by Accor.
“Supply remains a hot topic in the Middle East when looking at both the recent impact on performance as well as how much new inventory continues to be developed as part of ‘mega events’ and economic initiatives,” said Philip Wooller, STR’s area director for the Middle East & Africa. “The growing presence of so many major global companies and brands speaks to the importance of the Middle East as developers identify growth opportunities in this sector of real estate. The region will certainly be key on the global development landscape for years to come.”
Top 10 (ranked by room count in the Middle East)
Parent Company Rooms
Millennium Hotels and Resorts
Mövenpick Hotels & Resorts
InterContinental Hotels Group
Rotana Hotel Management Corporation
Millennium & Copthorne Hotels plc
Hyatt Hotels Corporation
Jumeirah International LLC
Jumeirah Hotels and Resorts
Source: STR 500
Wooller will be one of several STR executives in attendance at AHIC. Two of those executives will present on 10 April.
- (10:10-10:40) – Robin Rossmann (managing director) – “Searching for sunshine, praying for performance and what about the future?”
- (15:30-15:45) – Sarah Duignan (director of client relationships) – “Dubai 2020 – What is in store for the hotel industry based on previous mega events?”
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.