HMH - Hospitality Management Holdings Eyes Middle Ground
Luxury versus budget is a long-running debate among hotel investors. What provides higher and quicker return on investment - a 5-star or a mid-market hotel? Looking at the market conditions and demand in Dubai, the answer seems clear. Laurent A. Voivenel, CEO, HMH - Hospitality Management Holdings, said, "Budget hotels are the most profitable long-term investment. And now is the time to build these in Dubai. The market is ripe and is in urgent need of more budget rooms if it is to diversify its segments, attract the growing middle class travellers from emerging economies of Asia and Africa as well as cater to Dubai Expo 2020 visitors. It is an unprecedented opportunity that investors can capitalize on".