Movenpick hotels reports record growth in 2015

Movenpick Hotels & Resorts has reported that with 12 new hotel signings worldwide, 2015 was the group's most successful year to date

Mövenpick Hotel Heraa Jeddah is expected to open in 2019
Mövenpick Hotel Heraa Jeddah is expected to open in 2019

Mövenpick Hotels & Resorts has reported that with 12 new hotel signings worldwide, 2015 was the group’s most successful year to date.

The 12 new hotels represent 15% global growth for the Swiss hotel group.

The group currently operates 83 hotels worldwide, while the pipelines added in 2015 are equivalent to an additional 4,088 rooms, with one new hotel  agreement signed per month last year.

The hotel group has also revealed that additional 26 properties are currently under negotiation, equivalent to a further 7,272 keys around the world.

“[2015] marked the start of an unprecedented period of growth, with our portfolio set to increase by almost 50 percent until 2020, and we look to build on this momentum with exciting projects in key markets, working towards our ultimate goal of 130 properties (open and signed) by 2020,” commented Mövenpick Hotels & Resorts CEO Jean Gabriel Pérès.

Growth in the GCC saw the hotel group launch its 10th hotel in KSA, the 438-key Mövenpick Hotel Riyadh, with plans developed for the 300-key Mövenpick Hotel Heraa Jeddah, due to open in 2019.

In Turkey, the Mövenpick Hotel group opened the 136-room Istanbul Golden Horn, its fourth property in Turkey.

In North Africa, the hotel group added the upcoming Mövenpick Hotel & Palais des Congrès, Marrakesh to its pipeline. The property will be the company’s third in Morocco and is due to launch 2016.

Additional pipelines in the wider region, include two new properties in Nigeria, located in Nairobi and Abuja, and both expected to open in 2016.

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