Ras Al Khaimah could be UAE’s ‘new St Tropez’
Ras Al Khaimah could be the next St Tropez, according to Filippo Sona, Colliers International’s head of hotels for the Middle East and North Africa.
“Where will you see the best growth coming up five years?” said Sona, after giving a detailed breakdown of performance statistics and projections to delegates at the Arabian Hotels Investment Conference (AHIC) at Madinat Jumeirah,
“Number one is Ras Al Khaimah. I know they don’t like it when I say it, but for some reason by default many of the themes associated with it are labelled as affordable luxury. Spot on. Amazing destination.
“In my opinion, and in our professional opinion, it’s going to be the new St Tropez of the UAE.”
Dubai would continue to see good growth, he said, describing its strong investment potential as a ‘no brainer’, with Manama also becoming attractive for hospitality investment, he added.
Sona’s praise for the emirate as a destination was no doubt welcomed by Ras Al Khaimah Hospitality Holdings (RAKHH) CEO Yannis Anagnostakis.
Speaking in an interview before Sona’s presentation, he said RAKHH’s four hotels had experienced a 16.4 per cent growth in revenue per available room (RevPAR) through 2015 and into the first quarter of 2016. [ Read full story ]
