In 2013, the Middle East region continued to witness turmoil & instability, at the same

time, it achieved historical milestones. While some of the countries endure chaos, others manage to capitalize on their stability, reporting unprecedented growth. The Middle East Hotel Survey 2014 Edition strives to constitute a reference guide by offering a comprehensive analysis of the overall economic performance of the region, with particular focus on the tourism industry. Our tourism analysis is based on data originating from 467 established hotels(excluding newly opened hotels) in the region, representing roughly 127,000 rooms; an increase of 7% over 2013 participating hotels. In addition to the Middle East selected countries, our analysis incorporates, where available, supply, pipeline and hotel performance analysis originating from Turkey and Egypt.

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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