News for the Hospitality Executive
Oman's Rapidly Growing Tourism Sector to be Highlighted
United Arab Emirates, 28 March 2010 – As part of the focus on ‘Unlocking Investment Opportunities in the Middle East and North Africa’ at AHIC 2010, the Country Panel will look at the direction of tourism and hotel investment in the Sultanate of Oman, as well as featuring government representatives from Egypt, the Kingdom of Saudi Arabia and the Kingdom of Morocco.
Oman has one of the fastest growing tourism sectors in the world, but the focus on development, following the creation of the new Ministry of Tourism in 2004, has been on sustainable growth leveraging the Sultanate’s rich cultural heritage.
According to a March 2009 report by the World Travel and Tourism Council, the travel and tourism sector is set to achieve annualised growth of 7.8% per annum, in real terms, over the next ten years, to reach almost $7 billion by 2019.
Despite a broader trend of dampened international travel demand during the economic downturn, Oman saw a year on year increase of 5.8% in international passenger arrivals in 2009, exceeding 2.5 million. The Ministry of Tourism is aiming to attract 12 million visitors per year by 2020.
The airport expansion projects have been carried out alongside the transition of Oman Air into an international carrier; the launch of non-stop services to Munich, Frankfurt and Paris in the last quarter of 2009 led to a 77.7% increase in passenger arrivals from Germany and 84.1% from France.
The new expanded Port Sultan Qaboos passenger cruise ship terminal, in Muscat, was also inaugurated in February 2010; activity grew rapidly in 2009 with a 22% year on year increase in cruise ship vessels, totalling 185 vessels, and passenger arrivals are expected to exceed 350,000 in 2010.
To date, hotel investment has principally been focused on high-end, luxury brands, and whilst the pipeline of projects in this sector remains strong, there is also an increasing number of mid-market brands entering the Sultanate.
During the Country Forum panel, HE Dr. Rajiha will highlight the clear vision for growth that has been developed by the Ministry of Tourism, as well as the key projects that are currently in place to create fresh investment opportunities in the Sultanate. The conference will also feature ‘Ask the Experts’ roundtable sessions, which will feature an opportunity to get practical advice on Navigating the Market in Oman.
HE Dr. Rajiha Abdul Ameer Ali commented at her participation at AHIC this year saying:
“I cannot emphasise the importance of this conference enough, given the difficulties created by the global economic downturn, and for the tourism industry in particular. The theme of this year's conference is extremely timely, as there is an urgent and profound need for exploring ways, means and incentives to open up investment opportunities in the hotel sector in the Middle East and North Africa region. Therefore, taking into consideration the large number of renowned and world class hoteliers who are expected to participate in the conference, I am optimistic that a number of deals might be arrived at during the event.
My participation in the event through The Country Forum will avail me the opportunity to address a key audience on the investment opportunities in the Sultanate's tourism sector and highlight the conducive investment climate and safe and stable economy enjoyed by Oman. The doors are open for investors from overseas and from the Arab region if they are looking for strong and rewarding investment opportunities.”
Jonathan Worsley, Chairman of Bench Events which co-organises AHIC, said:
“Oman has succeeded over recent years in positioning itself as a high end leisure destination, thanks to a clear international marketing strategy by the Ministry of Tourism, significant investment in key infrastructure projects by the government and a competitive operational environment. As the market matures, new opportunities are emerging and we are delighted that HE Dr. Rajiha Abdul Ameer Ali will be attending AHIC to help increase understanding of how Oman’s hotel and tourism sector will continue to evolve.”
Platinum sponsors: Ministry of Tourism Brazil, The Rezidor Hotel Group and Wyndham Worldwide.
Emerald sponsors: The Address Hotels and Resorts, Hilton Worldwide, IHG, Jones Lang LaSalle Hotels, Jumeirah Group, Moroccan Tourism Development Agency (SMIT)
Gold sponsors: Anantara Hotels, Resorts & Spas, Accor Hospitality, Bell Pottinger, Corinthia Hotels, Expedia, Golden Tulip Hotels & Resorts, Hamilton Hotel Partners, Hodema Consulting Services, Horwath HTL, Kempinski Hotels & Shaza Hotels, Langham Hotels International, Molinaro Koger, Rotana, Schletterer Wellness and SPA design, Siemens, Starwood Hotels & Resorts Worldwide, Tourism & Leisure Europraxis, TRI Hospitality Consulting, Viceroy Hotel Group, WATG.
The focus for the the Arabian Hotel Investment Conference 2010, taking place from 1 – 3 May 2010, this year is ‘Unlocking Investment Opportunities in the Middle East and North Africa’, and the event brings together over 500 of the top hotel investment industry professionals through an interactive programme that includes panels, breakfast briefings and breakout sessions.
The debates will be led by a selection of industry leaders, including:
About Bench Events
Bench Events has a long track record of hosting the premier hotel investment events in the world. Bench Events’ Chairman, Jonathan Worsley, is one of the organisers and founders of the highly successful International Hotel Investment Forum now in its thirteenth year (www.berlinconference.com). In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai and in 2008 launched the Russia & CIS Hotel Investment Conference which was a sell out success (www.russia-cisconference.com). Bench Event’s sister company, JW Bench, is a benchmarking company that has successfully launched the Conference Bench and the Productivity Bench. An industry first, the Conference Bench, measures performance data for conference and banqueting space in hotels in Stockholm, Oslo, London, Brussels with other capital cities contributing shortly. www.benchevents.com
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