Millennium sees KSA overtaking UAE as top market
Group has 12 hotels in Saudi pipeline and national office opening soon
Millennium & Copthorne expects that Saudi Arabia will become the operator’s biggest market in the region, overtaking the UAE, by 2015.
The group currently has 12 signed properties in the pipeline for the Kingdom, with two Copthorne hotels comprising a combined total of 390 keys due to open in Madinah this year.
“Everyone is launching in Saudi Arabia, it’s the new market for any operator. But we’re taking our commitment further. We’re looking at Saudi Arabia to become our number one operating market in a couple of years. By 2015 we’re looking at it to be the number one market for us,” Millennium & Copthorne Middle East & Africa manager – development planning and asset management Ramsay Rankoussi told Hotelier.
The group's 10 announced hotels are currently under development in Hayel City, Baha, Jazan, Makkah, Tabouk and Riyadh.
CLICK HERE FOR A LIST OF ANNOUNCED HOTELS IN THE KSA PIPELINE
“We have all the brands covered there — from Grand Millennium to Copthorne. We’re still in final stages for further projects in Jeddah and Riyadh, looking at further expanding there. There are a lot of projects going on — not only in the famous cities of Madinah, Makkah or Jeddah — we have subsidiary cities too,” Rankoussi added.
In line with its expansion in Saudi Arabia, Millennium & Copthorne plans to open a national office in Riyadh in 2013.
Millennium & Copthorne is based in the UK, while the group’s Middle East and Africa headquarters are in the UAE, headed up by CEO and president Ali Hamad Lakhraim Alzaabi, an Emirati.
Signed and annoucned Millennium & Copthorne hotels in Saudi Arabia
Copthorne Al Salam Hotel Copthorne in Madinah
Copthorne Madinah Copthorne in Madinah
Millennium Hotel Hayel Millennium in Hayel City
Millennium Al Baha Hotel Millennium in Baha
Millennium Hotel Jazan Millennium in Jazan
Copthorne by Millennium Makkah Copthorne in Makkah
Millennium Tabouk Millennium in Tabouk
Millennium Riyadh Hotel Millennium in Riyadh
Millennium Hotel Makkah Millennium in Makkah
Grand Millennium Hotel Riyadh Grand Millennium in Riyadh