The HVS Middle East Hotel Development Cost Trends answers the industry's need for a comprehensive

regional benchmark report that focuses solely on hotel development costs. For the purpose of this publication, HVS has tracked, analysed and compiled hotel development costs in key Middle Eastern markets since 2010. Each year, HVS Consulting & Valuation researches development costs from our database of actual hotel construction budgets, industry reports, and cost benchmarks per brand provided by hotel management companies. These sources provide the basis for our range of elemental costs per room. The markets presented in this report are the UAE, Saudi Arabia (KSA), Qatar, Bahrain, and Oman.

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

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