The 2022 Future Hospitality Summit, held September 19-21 in Dubai, brought together nearly 1,100 hotel owners, investors, operators, brand representatives, and consultants. Leading hospitality executives including our own, Hala Matar Choufany, President of HVS Middle East, Africa & South Asia served on panel discussions that addressed topics related to hotel development, financing, sustainability, and hotel management, as well as the near and long-term future of the MENA tourism industry. Throughout the conference, there was a sense of great optimism supported by reports of continued hotel performance improvements in markets across the region, as well as a strong investment outlook from developers and government entities.
A US$350 million five-star hotel in the form of a hot air balloon has been backed by NEOM. Nimbus, conceived by a group of students at Cornell University, will fly above the skies of the giga-project as a self-contained hotel room costing $7,900 a night.
Dubai, United Arab Emirates, 21st September 2022: The Sustainability Hospitality Challenge Finals were held today at the Future Hospitality Summit in Madinat Jumeriah, with five teams of the brightest minds from the world’s leading hospitality schools competing for first place. Ultimately, Cornell University impressed the jury with NIMBUS, a luxury hospitality concept comprising of carbon-neutral hotel rooms that soar by way of hot air balloons, delivering guests to the most remote and spectacular destinations across NEOM.
With just a week to go before the much-anticipated Future Hospitality Summit (FHS) debuts in Dubai, the Middle East and Africa’s hotel, travel and tourism industry is gearing up for strong debate, exclusive announcements, unrivalled networking and superb experiences at the region’s most prestigious hospitality investment event.
Global independent real estate consultants, Knight Frank and premium data benchmarking, analytics and marketplace insights provider for the hospitality industry, STR, have shared key hospitality investment insights ahead of the Future Hospitality Summit (FHS) taking place at Madinat Jumeirah in Dubai from 19-21 September 2022.